How are companies addressing digital transformation, ever-increasing design complexity and the effects of a post-pandemic world on tech companies amid the so-called “Great Resignation?” This year, our technology-led analyst firm, Lifecycle Insights, conducted an in-depth independent study to learn more about and better understand what the coming years hold for engineering. The survey collected responses from 274 companies that design products across all major industries, with revenues ranging from $1 million to over $5 billion.
To say the Covid-19 pandemic is having lingering effects on how companies are operating in the “new normal” of a post-pandemic world is a tremendous understatement. Technology continues to advance rapidly in a time of historic levels of digital transformation. Evolving markets for electric vehicles, IoT devices, 6G, miniaturization, and more are increasing the need for systems and product design flows and tool capabilities without pause. Digital twins, artificial intelligence (AI) and augmented reality (AR) are terms we use daily, and product and systems design flows developed to accelerate first-pass design success are continually evolving.