Demand for industrial electronics has been on the rise for years with manufacturing, healthcare, and automotive industries looking to technology to transform efficiency, productivity, and competition. With the onset of COVID-19, electronic high-tech companies felt the pinch with disrupted supply chains, causing shortages of key components—and limited visibility exacerbated the problem.
As we turn the corner and move towards the new normal, electronic high-tech companies will look to invest to create real-time visibility into the supply chain, in order to drive agility and flexibility in the future and adopt digital thread and digital twin to capture design data, maintain version control, and simulate all components and systems.
Here are some of the challenges PTC helps the high-tech industry solve:
- digitalization of supply chains
- product development and knowledge management
- IoT, 5G, and AI Initiatives
COVID-19 is accelerating digital transformation as the high-tech industry rapidly looks to address its biggest challenges across the value chain to maximize revenue, reduce costs, and increase efficiency.
But as digital transformation continues to accelerate, many companies find themselves with initiatives that stall or fail to prove value. PTC’s unique approach to digital transformation helps companies avoid pilot purgatory by identifying the most impactful problems, applying proven solutions, and then scaling results across the enterprise. The result is double digit financial impact.
Keep reading below to learn how PTC can help you.
Lower the cost of goods sold with lower manufacturing costs and increased engineering productivity. Reduce service and warranty costs with reduced truck rolls and better product quality.
Keeping pace with the speed of innovation across the industry starts with a solid product design solution that enables your team to be agile, resilient, and efficient. Explore these key considerations for designing smart, connected products while creating a digital thread, maintaining version control, and accessing insights from operating conditions.
iQor reduced costs and saved more than $1 million annually by equipping service technicians with a connected service knowledge place and diagnostics platform powered by Industrial IoT solutions.Read their story
Fujitsu shortened design cycle times and reduced prototype spins by improving ECAD-MCAD collaboration, helping teams work more effectively and see the impact of changes before they’re proposed.Read their story
Provide teams with up-to-date product data that’s delivered securely and in context and managed with data governance and traceability processes. With solutions for digital thread and digital twin, teams can reduce time to market, increase productivity, and reduce costs.Explore PLM
Industrial IoT transforms industrial data into actionable insights to help enable new business models, increase manufacturing efficiency and productivity, and drive customer satisfaction and efficiency in service departments.Explore IIoT
Augmented reality tranforms how information and actionable insights are provided to frontline workers. With augmented reality work instructions, training, and insights, your workforce can be more productive without compromising safety.Explore AR
Innovation in computer-aided design has brought parametric modeling, generative design, and simulation and analysis tools into the hands of design engineers. Increase efficiency, reduce design time, and reduce prototyping costs with solutions that have reimagined how you design, develop, and document innovative products.Explore CAD
Get the right part to the right place at the right price with service parts management solutions. By optimizing spare part inventory, you can increase customer satisfaction while improving the productivity and efficiency of service teams.Explore parts management
PTC can help you maximize revenue, reduce operational costs, and increase efficiency—with speed and scale. Contact PTC to learn more about where we can impact your business.
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