Just imagine your company could boast 86 percent achievement in meeting revenue targets and 88 percent met quality targets. What about a 12 percent decrease in development time or a 10 percent decrease in product lifecycle costs?
In this, the first of three articles looking at the Aberdeen findings, we assess why systems engineering is so important.
Why is systems engineering a big deal? In recent decades systems engineering has become more present and pertinent to industry, especially with the onslaught of product complexity and as a result of increased globalization and the demand for a broader range and selection of products.
Businesses unable to adapt quickly lose mind share as well as market share.
According to a study from IEEE, 90 percent of innovation in the auto industry is driven by electronics and software. Embedded software makes products far more attractive to customers and adds innovation that could previously not be imagined.
Product complexity brings with it multi-engineering disciplines (electrical, mechanical, & software systems) and a greater need for a systems engineering approach that can connect all the moving parts.
Dealing with uncertain economies and ever-increasing complexities. According to the Aberdeen report, even in the midst of uncertain economies, profitability remains the focal point for most companies. Yet increasing pressures burden companies and affect profitability. Of the companies surveyed by Aberdeen many listed the following pressures as drivers in looking for a fresh approach:
- Need to respond to changing market needs
- Market demand for higher quality products
- Need to improve time to market
- Market demand for lower cost
Companies that have an effective systems engineering approach in place continually achieve:
- Continuous requirements management processes
- Low levels of rework late in the development cycle
- One single source of information and high levels of traceability
- High levels of product compliance and safety protecting brand loyalty
- Predictable and on target delivery
System engineering adopters. The automobile industry, OEMs, and suppliers have all been early system engineering adopters, but even governmental organizations like the Federal Highway Administration have seen the value in systems engineering.
The European Space Agency says that, “Systems Engineering is important because it effectively ‘gives birth’ to missions, turning an initial idea into a full system description, with all necessary elements integrated into a complete whole.”
With increasingly complex products and tough time-to-market demands, systems engineering is becoming of paramount importance to top-tier manufacturers.
Next Monday, learn about the key considerations when implementing a systems engineering approach, and some good starting points for systems engineering initiatives.
Is your company a systems engineering adopter?