In the age of Industry 4.0, industrial machinery manufacturers face increasing pressures to help their customers implement innovative processes and new technologies — and this means the machinery and equipment manufacturers themselves must adapt their manufacturing approach to meet customer requests and reduce time to market. Global competition and the need for new manufacturing flexibility intensify these pressures. In addition, stricter verification and higher product liability requirements demand quality management solutions that cover the entire product lifecycle.
The market is really demanding smart products: new types of products to meet our customers needs. And with these new types of products come new types of risks and challenges.