Global Lighthouse Network 2025
Page 26 of 52 · WEF_Global_Lighthouse_Network_2025.pdf
Intelligent product introduction tools to accelerate
product development cycles3.1
With an increasing focus on customized products
and shorter times between introductions, speed
to market is a crucial metric for many Lighthouses.
They have achieved step-change improvements in
the design-verify-prototype-test cycle.
More recently, they have been deploying
advanced solutions against each step –
including recommendation engines for
material or process parameters, advanced
simulation models for product performance and customer market and data intelligence capabilities
to forecast demand.
What differentiates today’s Lighthouses is their
ability to integrate solutions across the product
development lifecycle. The core capability,
therefore, is not any one of the solutions, but rather
the product lifecycle data platforms that integrate
and make accessible customer, supplier, product
and process data for simulation and forecasting of
new products.
Midea in China exemplifies this mindset. Their product lifecycle management platform has enabled digital
tools at each step in the product development process, enabling a full design-verify-prototype-produce
cycle to be completed digitally before bidding on new products or investing in any assets. This has the dual
effect of improving response times to new orders enabling more opportunities to bid, with higher “first time
right” designs and higher fidelity cost estimations improving competitiveness by reducing the cost buffers
previously baked into bids (see Figure 15).51
Midea drives rapid product development by creating full design feedback loops FIGURE 15
Design
Verify-45%
Product
design lead
time
-10p.p.
Steel plate
loss rate-71%
Defect rate-81%
Configuration
lead time
Make
Prototype
& testOne-click intelligent
configuration and
quotation
Multi-physics simulation
based on configuration
data platform to model
configurations for
customized customer
orders and one-click
quotation optimized
for costIntelligent design for
manufacturability
platform
Extracts design
parameters from
historical visual design
drawings and identifies
ones for rapid re-use,
then uses adaptive
algorithms to
generate optimal
pipe routing designsCore capabilities
Midea’s core capability is
their in-house developed
product lifecycle platform
(PLM), which enables
them to leverage
simulation throughout
each step in the
design cycleAuto-generate electronic
SOPs (standard
operating procedures)
for custom designs
3D simulation generates
electronic SOPs aligned to
custom designs’ process
and quality requirements,
with animations and AI
error-proofing used to
guide operators through
assembly steps in
AR glassesIntelligent steel plate
nesting solutions
system
Supercomputing-enabled
system sorts, rotates and
arranges for-nesting
parts based on drawings,
generating the optimal
material specs with
highest steel utilization,
and auto-dispatches
purchase orders to
best-fit suppliers
Source: Global Lighthouse Network.EXAMPLE Midea
Global Lighthouse Network: The Mindset Shifts Driving Impact and Scale in Digital Transformation
26
Ask AI what this page says about a topic: