Digital Mission

Collaborative Innovation

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Digital Innovation Formula Management

Cost Analysis

Current Situation

Cost analysis is done as a separate batch process.

Goals and Objectives

The objectives are higher levels of design effectiveness, lower product costs, and lower R&D failure costs.

Technology Deployed

Hardware: Servers, storage, smartphones, and tablets

Software:Big Data/analytics,blockchain, cognitive/AI, machine learning, cloud, security, mobile, and ERP

Services:Business services and IT services

Use Case Summary

There will be cost models for capabilities (e.g., investment casting) and supplier pricing history that will allow for real-time economic evaluations of R&D decisions.

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