SAIC Powers Its ReadyOne Digital Engineering Ecosystem Solution with Aras
Aras partners with SAIC to enhance digital engineering solutions in the defense industry, improving collaboration and efficiency. The integration of Aras Innovator® into SAIC's ReadyOne ecosystem establishes a single-source-of-truth for users, increasing transparency and reducing risks and costs.
The partnership between Aras and SAIC to integrate Aras Innovator as a digital thread in SAIC's ReadyOne ecosystem is a strategic move that may influence the competitive landscape in the defense industry. By creating a single-source-of-truth for users, the collaboration aims to enhance efficiency and reduce costs, which can be a significant competitive advantage. The defense sector is known for its stringent requirements and complex projects; thus, the ability to streamline processes and improve collaboration is likely to be well-received by stakeholders.
The digital thread concept is integral to digital transformation in industries where precision and information integrity are paramount. This partnership signifies a push towards modernized systems that can potentially lead to market expansion for both Aras and SAIC. Investors should monitor the adoption rate of the ReadyOne ecosystem and the resulting financial performance, as these are indicators of the partnership's success and its impact on the companies' market positions.
In the context of the defense industry, the partnership between Aras and SAIC represents a significant technological advancement in digital engineering solutions. The integration of a digital thread, such as Aras Innovator, is crucial for maintaining a high level of traceability and collaboration in defense projects, which often involve multiple stakeholders and require adherence to strict regulatory standards. The ability to access real-time, accurate data is a game-changer for decision-making, potentially reducing the risk of errors and delays that are costly in this sector.
Furthermore, the infrastructure-independent nature of the ReadyOne environment suggests a flexibility that could be attractive to various defense and intelligence agencies, including those with stringent security requirements for on-premise solutions. This could lead to widespread adoption and further solidify the partnership's relevance in the industry.
From a financial standpoint, the strategic partnership between Aras and SAIC is likely to have implications for both companies' revenue streams. The integration of Aras Innovator into SAIC's digital engineering solutions could result in increased sales and market share for Aras, given SAIC's established presence in the defense industry. For SAIC, the enhancement of its ReadyOne ecosystem with a robust digital thread capability may lead to new contracts and customer retention, driving long-term revenue growth.
Investors should consider the potential cost savings and efficiency gains from the deployment of ReadyOne as a factor that could improve profit margins for SAIC. Additionally, the partnership could generate cross-selling opportunities and strengthen the customer value proposition, which is essential for maintaining a competitive edge in the defense contracting market.
03/05/2024 - 08:01 AM
Strategic Partnership Establishes Consistent Digital Thread Across Complex Projects, Improving Collaboration and Efficiency in the Defense Industry
ANDOVER, Mass. --(BUSINESS WIRE)--
Aras , a leader in product lifecycle management and digital thread solutions, today announced a strategic partnership with leading technology integrator SAIC (Science Applications International Corp.) (NYSE: SAIC) that includes integration of Aras Innovator® as the digital thread backbone for its digital engineering solution, ReadyOne .
ReadyOne is SAIC’s rapidly deployable digital engineering ecosystem, which offers customers an end-to-end digital thread for consistent, traceable, and complete engineering solutions. By using Aras’ product lifecycle management (PLM) technology as its foundation, the solution creates a single-source-of-truth for users, letting them access any and all needed information, at any point in the engineering process, all from a common platform. With ReadyOne, collaboration and transparency are increased, while risks and costs are decreased.
“Organizations in critical industries such as defense and intelligence need access to modern, powerful solutions to solve their information age problems. Expensive, cumbersome industrial age solutions should be left behind,” said Roque Martin, CEO, Aras. “The combination of our digital thread backbone with SAIC’s digital engineering know-how and years of experience make it easy for customers to meet even the most stringent requirements of the defense sector while still improving efficiency and cost.”
ReadyOne creates a new level of responsiveness, impact, and quality for engineers – and Aras Innovator is the PLM platform that provides the foundation. By bringing an organization’s technical data, engineering tools, and management processes together into one common environment, collaboration increases without there being any worries that critical information is being lost along the way. The ReadyOne environment is independent of infrastructure, enabling it to support all types of customers, and either cloud-to-cloud or on-premise delivery.
“Data is the common thread connecting all of today’s most important innovations,” added Chris Finlay, Vice President of Innovation at SAIC. “As organizations at all levels continue to grapple with digital transformation initiatives, the availability of real-time, accurate data throughout the engineering process will enable better informed decision making - and result in faster, more effective results. Tools may come and go, but data is the key to success.”
For more information on how Aras can help your organization establish a consistent digital thread throughout its product design and digital engineering initiatives – allowing you to track a product and its digital assets all the way from concept through design, manufacturing, quality, and service – please visit Aras.com .
About SAIC
SAIC® is a premier Fortune 500® technology integrator driving our nation’s technology transformation. Our robust portfolio of offerings across the defense, space, civilian and intelligence markets includes secure high-end solutions in engineering, digital, artificial intelligence and mission solutions. Using our expertise and understanding of existing and emerging technologies, we integrate the best components from our own portfolio and our partner ecosystem to deliver innovative, effective and efficient solutions that are critical to achieving our customers' missions.
We are approximately 24,000 strong; driven by mission, united by purpose, and inspired by opportunities. SAIC is an Equal Opportunity Employer, fostering a culture of diversity, equity and inclusion, which is core to our values and important to attract and retain exceptional talent. Headquartered in Reston, Virginia , SAIC has pro-forma annual revenues of approximately $6.9 billion newsroom .
About Aras
Aras is a leading provider of product lifecycle management and digital thread solutions. Its technology enables the rapid delivery of flexible solutions built on a powerful digital thread backbone and a low-code development platform. Aras’ platform and product lifecycle management applications connect users in all disciplines and functions to critical product data and processes across the lifecycle and throughout the extended supply chain. Visit www.aras.com to learn more and follow us on YouTube , X , Facebook , and LinkedIn .
Copyright © 2024 by Aras Corporation and/or its affiliates. All rights reserved. Aras and Aras Innovator are registered trademarks of Aras Corporation in the United States and other countries. Third party trademarks mentioned are the property of their respective owners.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240305052108/en/
Jeff Drew
aras@guyergroup.com
Source: Aras
What is the strategic partnership announced in the press release?
Aras has partnered with SAIC to integrate Aras Innovator® as the digital thread backbone for SAIC's ReadyOne digital engineering solution.
What is ReadyOne, SAIC's digital engineering ecosystem?
ReadyOne is SAIC's rapidly deployable digital engineering ecosystem that provides customers with an end-to-end digital thread for consistent, traceable, and complete engineering solutions.
How does the integration of Aras Innovator® benefit users?
The integration creates a single-source-of-truth for users, allowing access to all needed information at any point in the engineering process from a common platform, increasing collaboration and transparency while decreasing risks and costs.
What are the key advantages of using ReadyOne?
ReadyOne offers increased collaboration, transparency, and efficiency for engineers by bringing technical data, engineering tools, and management processes together into one common environment.
Why is data considered crucial in today's innovations according to Chris Finlay?
Chris Finlay emphasizes the importance of data in decision-making and achieving faster, more effective results in digital transformation initiatives, stating that data is the key to success.
