The best reason to adopt cloud innovation software
By Blake Snodgrass – The decision on cloud timing varies based on each company’s scenario. The first step in the transition is to understand what your company’s goals are in the first place. The change driver may be reaching the limits of an existing solution, requiring new capabilities to support digital transformation, consolidating acquisitions, or choosing to modernize IT infrastructure. The impetus for moving to the cloud helps set the right objectives.
The cloud should not be the driver, in the same way that the goal of a software implementation should never be to “go live” with the software. There has to be some tangible business value. For product innovation and engineering software, what better reason could there be than to improve product innovation and engineering performance? The cloud is a means to an end. The real value is helping manufacturers improve the pace and level of innovation.
Improving product innovation and engineering is the bread and butter of CAD, CAE, PLM, and other engineering solutions. These solutions help provide the capabilities engineers and designers need to innovate efficiently. They offer collaboration capabilities that enable product development teams to work together so they can move faster and avoid introducing errors from disjointed processes. They also help coordinate processes and manage product development projects to ensure that projects are executed effectively.
Perhaps that’s old school, and clearly, on-premise solutions can deliver most of these benefits. But the cloud offers some special help here, as well. Today’s engineering teams are working with increased complexity and disruption, adopting new materials, systems-oriented designs, advanced manufacturing methods, and more. To remain efficient, they need to not only innovate their products – they need to innovate their innovation and engineering processes.
How does the cloud help? Traditional software deployments lock in processes and capabilities until the next upgrade cycle. With the cloud, innovations, functionality, and techniques developed by the software vendor can be made available on an ongoing basis. Access to new features allows engineering teams to take advantage of new software capabilities faster. more>
Posted in Business, Economic development, Economy, Education, How to, Net, Science, Technology
Tagged Broadband, Business improvement, Internet, PLM, Product lifecycle management, Productivity, Siemens, Technology
The tax that could save the world
Most economists agree on how to tackle climate change. Can politicians make it happen?
By Michael Maiello & Natasha Gural – It was, perhaps, the closest that the economics profession has ever come to a consensus. In January, 43 of the world’s most eminent economists signed a statement published in the Wall Street Journal calling for a US carbon tax. The list included 27 Nobel laureates, four former chairs of the Federal Reserve, and nearly every former chair of the Council of Economic Advisers since the 1970s, both Republican and Democratic.
“By correcting a well-known market failure, a carbon tax will send a powerful price signal that harnesses the invisible hand of the marketplace to steer economic actors towards a low-carbon future,” the economists noted. All revenue from the tax should be paid in equal lump-sum rebates directly to US citizens, they added.
Not all economists agree that the tax should be revenue neutral in this way, but the profession has been coalescing in recent years around the idea of a carbon tax. Most prefer such a tax to the most prominent alternative policy for tackling carbon emissions, cap and trade, according to a recent poll of expert economists.
But a carbon tax seems to be a political nonstarter in the United States. The bipartisan call for action from economists over the years has been echoed by a failure to act by presidents from both parties. President Donald Trump denies the need to confront man-made climate change. But although Barack Obama, his predecessor, in 2015 called a carbon tax “the most elegant way” to fight global warming, he didn’t push strongly for one to be introduced. “One of my very, very few disappointments in Obama when he was president is that he did not come out in favor of carbon tax,” Yale’s William D. Nordhaus told the New York Times last October, days after winning the 2018 Nobel Prize in Economic Sciences for his work on economic modeling and climate change.
US states have shown that they, too, can reject a carbon tax. more>
Posted in Business, Economy, Education, Energy & emissions, History, How to, Nature, Science, Technology
Tagged Business improvement, Capital, Chicago Booth, Climate change, Skills, Taxes