Drowning in a sea of information. That’s become an eerily common theme across today’s engineering departments. The current trend is 40% increase in information available to engineers on a year-over-year basis is creating massive information overload. Engineering leaders know the best teams and companies must be able to quickly sort through and harness the authoritative knowledge and ignore or even suppress unvetted information.
At a time where engineering leaders are trying to achieve their revenue plan, increase team productivity while facilitating knowledge transfer, stay ahead of competition, meet regulations and control costs; information overload compounds the problem. Directly impacting each of these factors is information overload. 30-50% of an engineers’ time is spent searching for information. On average, engineers consult more than 13 different sources of information inside and outside the company to solve of a problem.
Engineering teams utilizing Engineering Workbench from IHS Markit have reduced research time to 5 – 10% of their time. In a single source and single search engine, engineers are discovering real answers to complex problems across vast sources of information and knowledge both inside and outside the organization – far beyond 13 sources; potential up to more than 400 different sources. Over 150 million authoritative documents in a single source – standards, engineering handbooks, patents, journal articles, plus internal documents.
One medical device company conducted a study of two user groups – the first conducting engineering operations the way they always have, the second replicating those same tasks but with using Engineering Workbench. The result, a 25 difference in engineering productivity when using Engineering Workbench. What do you do with that 25% gain – products are delivered on-time, you invest more in R&D, cost and waste are reduced thus increasing profitability, and the pressures of knowledge transfer and enabling your younger engineers to problem solve more efficiently.
Read the full article on IHS Markit Engineering Trends, Insights and Innovations.
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