Digitization’s Role in the Transformation of Manufacturing
College Park, a maker of prosthetics, uses CAD models to simulate how prosthetics will fit each customer. The company has created sophisticated 3D models and simulations to test various designs, eliminating months from the prototyping process.
Chuck, I'm surprised that the percentage increase is that low. The Lux Research study we wrote about here http://www.designnews.com/author.asp?section_id=1392&doc_id=262205 describes an overall growth in dollar value of more like 800% over 13 years. What was the time period in the Oxford study?
Very informative post. It's interesting that the Oxford study cited points to changes in business process and strategy/planning on new products as primary goals for manufacturing companies in the short term. And more than half basically say their manufacturing operations are already run very efficiently. It makes sense that transforming the business process through digitization is the major area for growth and change.
Prosthetic limbs and other artificial body parts have come a long way in the last 10 to 20 years, and many on the market and under development today can restore nearly the same functions as the human body parts they’re replacing, or even improve them.