Impact of Digital on ER&D: Impact and recommendations for Indian OEMs, ESPs and GICs

Impact of Digital on ER&D: Impact and recommendations for Indian OEMs, ESPs and GICs

Overview

Aims to study how digital technologies are making inroads into ER&D. It analyses in detail technologies like IoT, Big Data Analytics, AI & Machine learning, cyber security, robotics, mobile applications and digital reality and how these are impacting product offerings, business models, organisation structure and talent. Additionally, the report also focuses on how these technologies are being leveraged across five specific verticals – automotive, construction & heavy equipment, energy, medical devices and semiconductors

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Key Findings

Global ER&D spend

To grow at CAGR 4% to reach $2 trillion by 2022

Shift to digital engineering

Smart products & services, digitech (robotics, 3D Printing, AI/ML, IoT, etc.)

Digitisation levels

Automotive and medical devices to see highest growth – 8-9% CAGR by 2022

Digital technologies

Focused on enhancing customer experience

Business models

Business model shifting to strategic partnerships; GTM strategy moving towards end-to-end propositions; organisations building cross-functional digital teams

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