A Survey, Few Facts and INNOVATION

In our daily conversation, terms like innovation, invention and creativity are often used interchangeably. But, for academics, researchers and policymakers there are important distinctions between these terms and these distinctions give each term a unique, specific meaning.
Competition today it isn’t about big things, elements that are very easily seen but it is about small things that anybody else haven’t seen. This is why almost all enterprises are in a search of creating competitive advantage against its competitors.

PwC carried out a survey of 246 CEOs from around the world, and the surveys showcases changing role and nature of innovation in today’s businesses. 64% say innovation and operational effectiveness are equally important to the success of their company. What emerges from the latest survey is that CEOs are now taking personal responsibility for directing and inspiring innovation as it becomes an ever more vital element of business survival and success. The problem is that while the eyes of the CEO are fixed on innovation, the body of the organization may not be following. The ‘antibodies’ that inhibit innovation include a culture that sees it as separate from the mainstream operations of the business and is slow to commercialize new ideas.

This is where we at Panso Solutions differentiate ourselves from our competition. Innovation is part of our DNA. Be it a technical developer or the C level executives; each individual tries to imbibe their respective knowledge with a flavor of innovation. Trying to do things differently and efficiently is what we strive for but apart from that we pride ourselves is to do things that others haven’t thought about.

The byproduct of our constant urge for innovation is the Solution studio which showcases some of the most innovative solutions which has helped our customers in terms of cost saving, time to market, process simplification and much more.

Having an innovation doesn’t mean that a company has sustainable competitive advantage. In order the innovation to be used in gaining competitive advantage; companies need to have appropriate strategies in order to use these innovations in a proper way. Without these strategies having innovation is like having the latest smart phone but with no battery!

Boyang Hardware employs Solid Edge dramatically improves productivity and throughput

Boyang designs better with Solid Edge. Marine hardware manufacturer created an error-free design environment, boosted product development 20 percent, reduced manufacturing errors 10 percent and increased orders and enhanced competitiveness.


For 30 years, Boyang Hardware (Boyang) has produced industry-leading products, such as ship cabin equipment and other steel and aluminum products for major shipbuilders and shipyards throughout Asia. Boyang has invested in technology development and innovation and has increased its competency by earning ISO 9002 Standard Quality certification, Hyundai Mipo Dockyard HGMS certification and WPS Shipping certifications.

As Boyang attempted to expand its business from the core shipbuilding business to the marine plant field, the company faced internal challenges due to increasing demand for its products. The organization also faced quality issues as it ramped up production. There were too many errors and inaccuracies in product design that led to an increase in scrap. Reviewing and editing 2D drawings was time-consuming. In addition, the inherent difficulty in interpreting 2D drawings by designers and manufacturers led to even more physical losses.

The company tried to solve these issues by hosting stringent internal reviews and lengthy meetings revolving around 2D design data. However, the legacy system’s product data management capabilities were inadequate, so the company started investigating new solutions for both designing and manufacturing.

Boyang needed a solution in which design errors could be easily spotted and corrected, as well as one with that enabled quick problem-solving. Eventually, the company reached a consensus to replace its 2D design approach with a hybrid 2D/3D approach, concluding that the older 2D system was the main reason for most of the design errors. An important point in selecting a new system was its ability to minimize any losses during the migration of its enormous amount of 2D data to the 3D environment.

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