The New Rules of Innovation
"Focus on agility and innovation because quality is expected." That was the message of Carl Bass, president and CEO of Autodesk, in his address at an indusry event last month. He defined innovation as "making products that differentiate you from your competition" and explained that agility is "how quicky you can bring a product to market." Both are quite apropos for today's mold manufacturer.
He went on to dissect five critical trends in manufacturing:
1. Access and experience instead of ownership. For example, no more buying CDs, we simiply download music.
2. Business being un-usual. For example, model of the venture capitalist is being disrupted with "crowd funding" and "crowd sourcing;" use of kickstarter.com.
3. Digital fabrication. For example, additive manufacturing; additive with subtractive manufacturing; shape complexity comes free; nanoscale technology.
4. Access to information. The rise of information.
5. Infinite computing.