Complexity measurement metric for innovation implementation and product management

Product Lifecycle Management and the Industry of the Future

Chatterjee

Kraus

et al. 2017

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A rising complexity of products, the ongoing digitization and an accelerated shift of market demands lead to a rapidly rising number of uncertainties in business and technology environments. The Internet of Everything (IoE) offers many potential opportunities and benefits to both service providers and customers. This paper aims to integrate knowledge from diverse fields into a comprehensive, practical approach for development and implementation of products and services using IoE technologies. The research focused especially on the needs and challenges of innovation and product managers who have to find ways to cope with rising uncertainties and the problem of increasingly complex business environments and digitalization. Therefore, this paper presents first learnings that guides practitioners through implementation of industrial IoE and its impact on new product development and management. It gives them guidance on how the companies' IoE projects could be linked with its new product development initiatives.

Section: Motivationmentioning

confidence: 99%

Section: Plm 40 In the Era Of Internet Of Everything (Ioe): Managemementioning

confidence: 99%

PLM 4.0 – Recalibrating Product Development and Management for the Era of Internet of Everything (IoE)

Product Lifecycle Management and the Industry of the Future

Chatterjee

Kraus

et al. 2017

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“…At the same time all-encompassing uncertainties are a fundamental part of modern business environments: A rising complexity of products, an on-going digital transformationthe use of new technologies like mobile, cloud, social networks, internet of things and Big Data -and an accelerated change of market demands dramatically complicate companies' strive for long-term business success (cf. [1], [2], [4]). That is why companies have to accept that traditional planning paradigms do not work in an usual manner anymore.…”

Section: Introductionmentioning

confidence: 99%

Early Prototyping in the Digital Industry: A Management Framework

Product Lifecycle Management in the Era of Internet of Things

Schepurek

2016

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Part 7: Future FactoryInternational audienceA rising complexity of products, an on-going digitalization and an accelerated shift of market demands lead to a rapidly growing number of uncertainties in business environments. Firms require new approaches to deal with these challenges and have to take a proactive step towards uncertainties and the mitigation of related risks. One way to do so is the adoption of iterative, learning-oriented methods and practices in order to incrementally adapt to rapidly changing environments and customer demands, arising for example, from digital transformation and industry 4.0. “Early Prototyping” and “Business Experiments” constitute two of those methods. In this paper we introduce an integrated and more general perspective on managing iterative methods within new product and service development projects. As a result, we are able to present a comprehensive framework for the management of early prototyping that has sufficient practical relevance and can answer current, practical challenges

PLM Framework for the Development and Management Smart Energy Products

Product Lifecycle Management in the Era of Internet of Things

Budde²

2016

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Utility industry has been faced with disruptive changes in their value creation process over the last decade. New technologies and regulatory pressure change the business models in the utility sector on a broad scale from power generation to utilities retail business on international markets. As a consequence utility companies need to provide complex product-service systems (PSS) to their customers in order to cope with growing customer needs on service as well as on product level. Successful player are currently introducing new product development techniques being capable to orchestrate innovation processes in complex business networks with multiples partners. As a result those companies can meet the growing need for product individualization. The foundation for implementing such a product development concepts is a comprehensive description of such Smart Energy Products, which enables different suppliers to collaborate effectively and efficiently. In this paper a conceptual product model for Smart Energy Products will be proposed as a foundation for a holistic PLM for the utility industry.