Symbiotic relationship of Engineering and Manufacturing
Engineering a product has become an important task as businesses transition from a product-driven business model to a customer-centric development approach. The biggest prerequisite to engineering a product is always keeping the end user, their experience and their priorities in mind. And as you go along the design and development cycle, a key prerequisite is to focus on simulation and virtual validation as much as possible. Trusting the digital approach to simulation and testing can help companies save a significant amount of time over their physical counterparts. In the last decade, especially in manufacturing, we have seen a huge jump across industries willing to transform their product development process, from the traditional method, towards a more virtual process.
Growth of the automotive industry with the advent of engineering
Engineering is so broad that it goes without saying that engineering has helped with innovation, automation, and simulation in the automotive industry, enabling more cars in the hands of consumers, packed with features. Let's talk about the CAE industry because that’s where we offer the most value to automotive clients. And it has grown hugely over the last decade. CAE increasingly is playing a key part in the product development process, and with the increase of companies looking at smart manufacturing and virtual validation, the demand for CAE tools and more importantly CAE tools that are equipped with the tools and modules to handle these requirements is steadily increasing.
Challenges faced in developing new products
One of the challenges that companies face and we at DEP work consistently towards in developing new products, is the focus on seamless collaboration between teams. Different teams look at the same product differently and it may have different use cases. It is key to have teams talk to each other to get the best and most cohesive output. Another perennial challenge for companies is getting the right resources, and the need of the hour is more industry-ready engineers. We need more collaborations between universities and industries. It is good that many companies now have partnerships with universities, it still covers a very small percentage of the overall colleges that India has. It needs more work to create industry-ready talent from colleges, and I look forward to that change in the future.
Future of the semiconductor industry
It is no longer limited to computers, data centers and phones, as electronics are seeing a rise in all industries and consumer-facing goods, the semiconductor industry is booming. Even with the chip shortage that we face globally, there is no denying that semiconductors are an essential industry in today's market. As per a Deloitte study, semiconductor revenues are likely to cross over US$600 billion for the first time ever in 2022. Semiconductors are a crucial part of the working of today’s modern world, and indeed what keeps it running. However, the sustainability of semiconductors as we know them today is not feasible. In the future, we will need to look at alternate types of semiconductors, such as organic and compound semiconductors, which could provide a way to meet the increasing demands of modern electronics.
.jpg "Radha Krishnan, President and founder, Detroit Engineered Products (DEP)")
Growth of the automotive industry with the advent of engineering
Engineering is so broad that it goes without saying that engineering has helped with innovation, automation, and simulation in the automotive industry, enabling more cars in the hands of consumers, packed with features. Let's talk about the CAE industry because that’s where we offer the most value to automotive clients. And it has grown hugely over the last decade. CAE increasingly is playing a key part in the product development process, and with the increase of companies looking at smart manufacturing and virtual validation, the demand for CAE tools and more importantly CAE tools that are equipped with the tools and modules to handle these requirements is steadily increasing.
Challenges faced in developing new products
One of the challenges that companies face and we at DEP work consistently towards in developing new products, is the focus on seamless collaboration between teams. Different teams look at the same product differently and it may have different use cases. It is key to have teams talk to each other to get the best and most cohesive output. Another perennial challenge for companies is getting the right resources, and the need of the hour is more industry-ready engineers. We need more collaborations between universities and industries. It is good that many companies now have partnerships with universities, it still covers a very small percentage of the overall colleges that India has. It needs more work to create industry-ready talent from colleges, and I look forward to that change in the future.
Future of the semiconductor industry
It is no longer limited to computers, data centers and phones, as electronics are seeing a rise in all industries and consumer-facing goods, the semiconductor industry is booming. Even with the chip shortage that we face globally, there is no denying that semiconductors are an essential industry in today's market. As per a Deloitte study, semiconductor revenues are likely to cross over US$600 billion for the first time ever in 2022. Semiconductors are a crucial part of the working of today’s modern world, and indeed what keeps it running. However, the sustainability of semiconductors as we know them today is not feasible. In the future, we will need to look at alternate types of semiconductors, such as organic and compound semiconductors, which could provide a way to meet the increasing demands of modern electronics.
