Digital twins, machine learning, augmented reality, artificial intelligence and the IoT are just a few of the buzzwords that start-ups use to market their innovations. At first, a lot of these sound like technical jargon. However, depending on the usage case, these forms of technology offer real counter value. This isn’t only measured in terms of financial gain but also by the level of employee satisfaction or in time savings, dependent on the company.
According to a study carried out by the VDMA, 71 percent of the machine engineering companies that have already cooperated with start-ups are happy or very happy with their joint work. In particular, the agile, fast working processes that dispense with hierarchies and rely on quick check-ins are highlighted here. The new knowledge is also an innovation driver. This means that the area that the start-ups are applied in doesn’t really matter.
While one young company may concentrate completely on software solutions and thus, in advance, creates exact digital copies of a production line to test the efficiency and work out the maximum output of the system before the first machine is even installed, another might be more interested in making maintenance quicker and easier - the key word here is predictive maintenance. Start-ups generally specialise in a small area and can thus extrapolate their knowledge far better here than, for example, your in-house IT department could.
Software isn’t the only trick that start-ups have up their sleeve. Machine engineers and product developers are tired of established structures and prefer to choose a path that enables them to evolve personally. Start-ups offer aid when introducing additive manufacturing, new materials and creating experimental manufacturing systems.