The year 2020 kicks off a decade of transformation. Companies will move from a tool-centric design process to a model-centric design process–known as Digital Engineering.
Digital Engineering is part of the larger Digital Transformation movement. Many companies have recently embarked on their own Digital Transformation journey with their sights set on improving efficiency and competitiveness. A recent IDC study showed that 90% of small- and medium-sized businesses are budgeting for the digital transformation, and 73% have already begun the process. According to the survey, the top goal for these companies making the digital transformation journey is to improve product development and design processes. Let me repeat that–“the top goal for these companies making the digital transformation journey is to improve product development and design processes”.
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