Value chains and digitization of product development processes
Editor: Anja Maier, Stanko Škec, Harrison Kim, Michael Kokkolaras, Josef Oehmen, Georges Fadel, Filippo Salustri, Mike Van der Loos
Author: Meussen, Bernhard
Institution: NORDAKADEMIE gAG, Germany
Section: Design for X, Design to X
Currently, the digitization of value chains in the industrial context is intensively researched upon and discussed in engineering science. In the beginning, the scientific discourse was mainly technically driven. Soon, it became evident that the efforts for digitization may not only be economically justified by rationalization of processes, but that new business models, better products and types of services could benefit from these techniques. Consequently, research evolved into the direction of value chains and business models that could be improved by digitization. Possible improvements are individually designed products to better match customer requirements and new digitized types of services that go along with the use of cyber-physical systems (CPS) as products. Recent studies predict huge economical benefits, both for national economies and for businesses. An aspect of this development to be considered is the full digitization of the product development. This paper tries to give an practical approach how digitization of product development should take place.