Innovation is Hard,
But You Can’t Afford to Wait
The High Price of Innovation Bottlenecks
These challenges aren’t an abstract pressure; they have real-world, hard-dollar consequences:
in missed annual revenue growth for high-tech industry due to supply chain disruptions. Money that could have been invested in innovation.
$269 b
of engineers and designers spend at least an hour every data searching or parts. Time that could have been spent on innovation.
48%
of product launches are delayed by at least one month. Enough time for the market to shift, or a competitor to get there first.
45%
Electronics and high-tech companies are under tremendous pressure to innovate faster while optimizing cost and resources. However, the processes to bring these innovations from concept to market is complex and costly.
In semiconductor manufacturing, it takes:
1,000+
steps to produce a single chip
Delays, quality issues, and process inefficiencies can result in losses of hundreds of millions of dollars and threaten market position. With so much at stake, why do so many organizations continue to struggle with slow innovation cycles?
10 billion
on R&D bets
20 billion
to build new factories
3 months and
$5 to
$15 to
Don’t end-of-life your business.
A failure to innovate has cost some brands more than money. Watch for this special episode of Wired In coming soon to our PTC YouTube Channel.
Coming Soon
Longer lead times
When your processes are slow, your time to market increases. This means you risk missing critical market windows, allowing competitors to get there first and capture the opportunity you were targeting.
Reduced product quality
Higher production costs
Inability to meet compliance standards
Longer lead times
Reduced product quality
Teams are forced to rush, cut corners, or skip essential validation steps. The result is a compromised end product that can damage your brand's reputation and lead to costly recalls or warranty claims.
Higher production costs
Inability to meet compliance standards
Longer lead times
Reduced product quality
Higher production costs
Every delay, every piece of rework, and every workaround for an outdated system adds to your operational expenses. These hidden costs drain resources that could have been invested back into R&D and innovation.
Inability to meet compliance standards
Longer lead times
Reduced product quality
Higher production costs
Inability to meet compliance standards
Fragmented systems and poor data visibility make it difficult to maintain a complete, accurate record for compliance, putting the organization at significant risk and inhibiting the ability to enter new markets.
Seize the Moment:
The Future Won’t Wait
The picture may seem challenging, but it is far from hopeless. To stay ahead, you must rethink how products are developed and brought to market.
You’ll break through these bottlenecks by addressing each root cause—from modernizing systems and integrating workflows to optimizing the supply chain. Clearing out those clogged pipelines will allow information and materials to securely flow to the groups that need them. You may be questioning the effort of these changes and what real business outcomes look like.
50%
Reduce the time it takes to create new design variants and configurations by more than
55%
Companies that modernize their innovation pipelines with concurrent engineering reduce time to market for NPIs by
The goal is not just to fix problems, but to establish a resilient and agile foundation for sustained growth and innovation. And while the goal is ambitious, modernizing your innovation pipeline can start with small, high-impact changes that deliver quick wins and build momentum.
Double-click into the stories of market leaders, like NVIDIA, Seagate, HP, and Infineon, to learn how they are using a modern PLM strategy to overcome complexity, accelerate innovation, and maintain their competitive edge.
Consider the following:
Tackling innovation delays
In working with companies like yours, we've identified five critical areas where strategic improvements can drive rapid value and accelerate innovation.
Inefficient supply chain operations
The supply chain is not just about logistics; it's a core part of the innovation lifecycle. When sourcing components is slow, when you lack visibility into materials, or when your partners aren't aligned with your development schedule, friction is created. Each delay, no matter how small, compounds and pushes your timeline further out.
Fragmented workflows
How many times has a project stalled because the design team's data wasn't compatible with the manufacturing team's systems? Or because feedback from quality assurance came too late in the cycle? These fragmented, siloed processes prevent the seamless collaboration required for rapid innovation. Information gets lost, rework becomes common, and teams spend more time navigating internal systems than they do solving complex engineering problems.
Fragmented workflows
How many times has a project stalled because the design team's data wasn't compatible with the manufacturing team's systems? Or because feedback from quality assurance came too late in the cycle? These fragmented, siloed processes prevent the seamless collaboration required for rapid innovation. Information gets lost, rework becomes common, and teams spend more time navigating internal systems than they do solving complex engineering problems.
Outdated systems
Many organizations are running on legacy technology that was never designed for the pace and complexity of modern product development. These systems are often rigid, difficult to integrate, and lack the agility needed to adapt. They accumulate technical debt, making every new project more difficult and expensive than the last and acting as a significant drag on your ability to innovate.
Outdated systems
Many organizations are running on legacy technology that was never designed for the pace and complexity of modern product development. These systems are often rigid, difficult to integrate, and lack the agility needed to adapt. They accumulate technical debt, making every new project more difficult and expensive than the last and acting as a significant drag on your ability to innovate.
Inefficient supply chain operations
The supply chain is not just about logistics; it's a core part of the innovation lifecycle. When sourcing components is slow, when you lack visibility into materials, or when your partners aren't aligned with your development schedule, friction is created. Each delay, no matter how small, compounds and pushes your timeline further out.
External Challenges
Internal Challenges
The Innovation Bottleneck: What’s Getting in the Way?
Talent shortages
There is a significant shortage of skilled professionals across software development, engineering, artificial intelligence, and advanced manufacturing. To compete for top-tier employees, companies must help them become more productive and focused on innovation. With the right tools, smaller teams can achieve more, reducing the strain on your workforce.
Rate of technological change and complexity
Technology is at the forefront of innovation; businesses must maintain agility and continuously evaluate how current and future technologies can be leveraged to meet evolving customer demands. There is also increasing complexity in the industry where teams are managing thousands of product variants and changes annually.
Rate of technological change and complexity
Technology is at the forefront of innovation; businesses must maintain agility and continuously evaluate how current and future technologies can be leveraged to meet evolving customer demands. There is also increasing complexity in the industry where teams are managing thousands of product variants and changes annually.
Evolving regulatory demands
Global regulatory landscapes are becoming increasingly complex, with new rules around data security, sustainability, and cross-border trade frequently emerging. Staying ahead requires both flexibility and long-term planning to address regulatory requirements without compromising the ability to bring new products to market quickly.
Evolving regulatory demands
Global regulatory landscapes are becoming increasingly complex, with new rules around data security, sustainability, and cross-border trade frequently emerging. Staying ahead requires both flexibility and long-term planning to address regulatory requirements without compromising the ability to bring new products to market quickly.
Talent shortages
There is a significant shortage of skilled professionals across software development, engineering, artificial intelligence, and advanced manufacturing. To compete for top-tier employees, companies must help them become more productive and focused on innovation. With the right tools, smaller teams can achieve more, reducing the strain on your workforce.
The Innovation Bottleneck: What’s Getting in the Way?
$269 b
48%
45%
PTC to Accelerate the Design and Simulation of AI Infrastructure and Complex Products with NVIDIA Omniverse
NVIDIA
Transforming Product Lifecycle Management in the Fast-Moving Semiconductor Industry
INFINEON
HP Minimizes Complexity and Accelerates Time to Market with PLM
HP
Seagate’s Story of Productivity, Quality, and Scale—Establishing a PLM Foundation
Seagate
Internal Challenges
External Challenges
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Innovation is Hard,
But You Can’t Afford to Wait
