Does your startup development team use BoMs to track product data spreadsheets across networks of engineers?
Bills-of-Materials (BoMs) are a fundamental part of every engineering and manufacturing process. “
The changing technological landscape has only exacerbated traditional challenges involved with BoM management such as, controlling product costs, Requests for Quotes (RFQs) processes, coordinating between engineers and other product stakeholders, and managing change orders with contract manufacturers (CMs) in distributed environments.
Manufacturing is changing and with it comes a need to change the way BoMs are managed. The change is brought about by several trends in the market, including:
- Globalization of manufacturing and supply chain
- Growing number of new hardware developers
- Surge in the maker movement
- Increased reliance on contract manufacturing
- New manufacturing practices including adoption of internet and mobile tools and technologies
“Technology is dramatically changing the way manufacturing works,” said Oleg Shilovitsky, CEO and co-founder of Newman Cloud, Inc., developers of openBoM, a cloud data management tool
“Manufacturing companies that used to be under one roof are now building businesses around distributed global manufacturing networks. These new distributed manufacturing environments have created a demand for new types of cloud applications that help companies manage and support distributed working environments.”
About Newman Cloud, Inc. and openBoM.
Newman Cloud, Inc. was co-founded by Oleg Shilovitsky and Vic Sanchez, both experienced software industry veterans. openBoM, a wholly owned and branded product of Newman Cloud, Inc. is a cloud data management tool that removes the traditional pain of managing BoMs across organizational and geographic boundaries. Newman Cloud, Inc. is headquartered in the Boston, MA area.
Innovation and the idea of creating the next big thing is tantalizing in theory—but how easy is it to do for large companies with layers of product and idea vetting processes, regulatory and political constraints?
In a LinkedIn post, entrepreneur and investor Yann Girard, wrote that corporations are too riddled with red tape, regulations, protocol, politics, CYA and fear of risk for their employees to take on the unknowns associated with the practices of startups, where immense rewards loom on the distant seashore but the waters that must be traversed to get there are laden with sharks.
So, if you want to infuse more of a startup philosophy into your organization, what can you do?
1. Give employees sandbox opportunities
When we talk about a sandbox, we’re usually talking about an IT area (like big data) where employees can experiment with different theories with the understanding that while a great idea might bubble to the top, more often than not, many experimental efforts will fail.
If employees know that their superiors understand this, it cures the fear that employees have of failure and allows them to create. There is also no reason why this sandbox concept can’t be extended to non-technology areas such as customer service, manufacturing, purchasing and even HR.
2. Reward Creative Work
If an employee comes up with a concept or an idea that brings something new and better into the organization, the organization should recognize it. Employees need to know that the company values creative innovation.
3. Invest In Creative Talent
Individuals who demonstrate remarkable creative talent should be cultivated and encouraged—and not stuck in line functions that bore them until they leave. Remember, your intellectual capital (in the form of people) is your most valuable asset.
Risk taking and mitigation, even in startups, should be a regular exercise. If you are in a leadership position, it is important to foster innovation, no matter the size of the organization.
The exponential growth of data and digital has spawned companies to take advantage of this convergence by rethinking their business models.
A recent report from Experian Data Quality highlights the growing momentum of the ‘data force’ in response to the union between data and digital. Below are some key points in the report.
Emphasis on Getting Buy-in
- Embedding data at the heart of a business and getting buy-in from the people at all levels requires a culture shift.
- Great importance is placed on making sure data is weaved into an organization’s culture.
- Companies are investing in professionals who have the mind-set and skills to drive solid results from data as operating models evolve.
The Chief Data Officer Role
A key responsibility of the Chief Data Officer (CDO) is to make sure the business is using their data in the most efficient way. The CDO must ensure data aligns with the organization’s business needs and strategic objectives. It is the role of the CDO to break down deeply-rooted silos that can stagnate the flow of data and present new initiatives or current issues to the organization’s leadership.
source: Janani Dumbleton, Principal Consultant, Experian Data Quality.
Product Development Profile: Startup, DAQRI uses Intel to power next-generation Augmented Reality smart helmet for the future of work.
DAQRI, the Augmented Reality company that is transforming the future of work, unveiled the next-generation DAQRI SMART HELMET™ today, powered by the 6th Gen Intel® Core™ m7 processor and Intel® RealSense™ technology.
The helmet is an industrial-grade, human-machine interface that inserts real-time information – including Augmented and Mixed Reality work instructions, safety information, mapping and more – to maximize safety, productivity and well-being for workers in a variety of industrial settings.
DAQRI founder and CEO Brian Mullins gave attendees a first look at the newest product and its capabilities with an on-stage demonstration during Intel CEO Brian Krzanich’s CES keynote. DAQRI SMART HELMET has been in the pilot phase with Fortune 100 partners across industries including aerospace, construction, oil & gas and more, and will be available for purchase beginning in Q1 2016.
Core product development features:
- Sixth Gen Intel Core m7 processor
- Intel RealSense technology
- DAQRI INTELLITRACK™ computer vision and navigation technology
- Industrial-grade, 360-degree sensor array with high-definition video
- Thermal vision sensors for predictive maintenance and enhanced worker safety
- 4D Augmented Reality displays offering an industry-leading field of view
- Designed for comfortable, all day wearability
- Live equipment data visualization
- Integration with DAQRI 4D Studio augmented work instruction platform
Powered by the 6th Gen Intel processor, the newest version of the product now has five times the processing power and improved depth sensing capability, making it the most powerful Augmented Reality wearable device on the market.
Product development future
“We have already demonstrated how the use of Augmented Reality hardware and software solves problems for our partners and, with the addition of Intel technology, we are supercharging DAQRI so that we can continue to drive the future of work,” said Mullins.
“The future of smart and connected devices includes Augmented Reality,” said Bridget Karlin, managing director of Intel’s IoT Strategy Office and CTA board member. “The DAQRI SMART HELMET is a great example of integrating advanced human-machine interface into existing devices to make something smart and solve a potential problem.”
DAQRI LLC is the world’s leading enterprise augmented reality company powering the future of work through innovative hardware and software products. Its flagship product, DAQRI SMART HELMET, is improving efficiency and safety for workers on the job and providing unparalleled cost savings for Fortune 500 companies in industrial and manufacturing settings. DAQRI is headquartered in Los Angeles, with an R&D facility in Sunnyvale, CA, and a development center in Dublin, Ireland.
Intel, Intel Core and Intel RealSense may be trademarks or registered trademarks of Intel in the United States and some other countries.
Source: Business Wire