Open Innovation a Game Changer in Engineering & Product Development
Innovation in Engineering & Product Development used to entail cultivating a massive research and development department, with massive overhead. Now, open innovation keeps even the heaviest hitters lean and mean. “It’s disrupting ourselves in a positive way,” Jana Rosenmann, vice president for unmanned aerial systems for aerospace manufacturer Airbus Group SE recently told the Wall Street Journal.
How does this work for you business?
Draw From A Bigger Pool of Geniuses
By engaging contracted engineering services in your product development, the talent pool you draw from is limitless. You’re employing contractors with potentially a broad range of experience and a bird’s-eye view of the industry. This directly contributes to a faster product development timeline. Airbus Group is currently building the prototype of a cargo-hauling drone designed by an engineer in Siberia, the winning design from an open competition this summer that yielded 425 proposals for the unmanned aircraft in just six weeks.
Keep Up With the Competition
Open innovation as a concept started in Silicon Valley in the 2000′s. Now, even the military is using it through its new program, Open Campus. After the 2008 economic downturn, shifting from traditional product supply to design services kept many OEMs afloat. CME group is evening partnering with the University of Illinois to build its own dedicated open innovation center Peer collaboration isn’t just the latest fad. It can mean the difference between growth and loss for your corporation.
Get The Full Suite of Services
Contracting with engineering services means you get conceptual design, documentation, and depending on the contractor even prototyping (especially with the 3-D revolution we posted about). This takes the burden off of your company, allowing you to focus on making the products that build your brand and keep you a success.
In this age of increased collaboration, we all get to be specialists. Corporate leadership demands knowing exactly what your company does, and who’s got the specialized skill set you need to fill in the blanks. From Silicon Valley, to the military, to the auto industry, and from Indiana to Siberia, this movement is sweeping the globe, and its here to stay.