Innovation and collaborative, synchronized program management for new programs
A Digital Enterprise is a business that has completed a digitalization strategy (aka, digital transformation) to fully incorporate digital tools and technologies across all aspects of their operations, from ideation thru realization to utilization.
In a broad sense, digitalization transforms an enterprise’s original business model and creates new business opportunities by leveraging globally distributed digitized assets and organizational resources – merging the intangible processes of product development and production planning with physical production and operational support.
More specifically, digital enterprises focus on converting their data assets into digital formats and automating business processes with scalable technologies that can use and contribute to those assets – such as cyber-physical systems, cloud computing, the Internet of Things, artificial intelligence, machine learning and various software solutions.
For example, by digitalizing the entire product development process, a company can use a digital twin to visualize, simulate, and cross-examine complex operational products virtually, then use the resulting data to realize substantial improvements in time to market, cost, quality, and performance.