Is increasing product complexity making it difficult to accurately predict the behavior of your products? Rather than use a “guess and check” approach, best-in-class companies are turning to simulation software to arm their designers with the insight needed to develop and optimize today’s products.
According to Aberdeen Group’s research report entitled, “The Value of Virtual Simulation Versus Traditional Methods,” best-in-class companies are 53% more likely than their peers to conduct their simulations in a virtual environment.
Those best-in-class companies using virtual simulation are:
42% more likely to meet product launch targets
43% more likely to meeting product cost targets
22% more likely to meet product quality targets
37% more likely to meet product revenue targets
2X faster for the length of the development cycle for new products
All through virtual testing using simulation.
Challenges for Product Development
- Products operating in varying and complex environments
- Limited development resources
- Competitive differentiation is becoming more difficult
- Lack of tolerance in design flaws
Engineers play a critical role in the success of any company that designs and delivers products. Being understaffed or lacking talent in this area can be detrimental to success.
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