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Model-Based Design Today’s business environment is complex, dynamic, and intricately interdependent and hence challenges the limits of traditional approaches. To answer this complexity, a Model-Based Design approach is emerging. Since the 1990s, model-based definition (MBD), a technique for semantically documenting the information necessary to manufacture, inspect parts and assemblies produced

Digital transformation is the integration of digital technology into all areas of a business.  Many companies are using digital transformation to renovate their businesses to become more efficient and more profitable. Digital transformation is all about digitizing everything from analytics to people management and process automation to transaction automation. Digital

Time-Based Competition (TBC) demonstrates the power of time management and how companies can use it to gain a competitive advantage. For companies that make the best use of time as they respond and adapt to changes in the market and other possible conditions and obstacles, they will gain an adaptive

Manufacturers are frequently facing different challenges such as unexpected machinery failure or defective product delivery. Leveraging Artificial Intelligence (AI) and machine learning, manufacturers can improve operational efficiency, launch new products, customize product designs, and plan future financial actions to progress their AI transformation. Why are AI  Applications important in the

The COVID-19 pandemic poses a serious threat to health and life and profoundly affects our lifestyle: social distance, remote work, restricted and smart working. As more countries start moving towards lifting the lockdown that has been imposed on people to halt the spread of COVID-19, enterprises are looking at the

Smart products development in Industry 4.0  The fourth industrial revolution comprises a set of advancements that involve both products and processes. Smart products development (SPD) is one of the critical aspects of this new industrial paradigm, representing several potentials for organizations and markets. Furthermore, the emergence and capabilities of smart