Stop Wasting Money: The Simple Truth that Could Save Your Engineering Budget Millions
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Steve Neemeh : Oct 23, 2024 11:00:00 AM
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A generation ago, low-cost engineering or R&D meant offshoring your engineers. So basically, take the engineers you've got and replace them with a lower-cost version in another country. And that came with a whole slew of issues, whether it was immigration issues if you had to bring them over, communication issues, time zone issues, quality issues, turnover, whether it be at the offshore team or your local team who is getting frustrated at working all hours of the day or IP loss. Ultimately, you know, you're shipping your product or code an IP across an ocean. And if you believe that you're protecting that data with IP laws in 3rd party countries or third-world countries rather than your own country here in the United States, which is difficult enough, then I think you're fooling yourself and ultimately accountability. Just a short while ago we were all working from home and there's a big push right now to pull everyone back in the office under the guise of efficiency. There is some truth to that, however. In one sense we're pulling people back in the office. On in another sense, we're letting them work from 3000 miles or 5000 miles away.
There is a 21st-century solution to low cost and ultimately it involves data and AI. If you measure what's going on at every aspect of your development program you visualize that and you use AI to remove the manual labor. I use the word manual labor because in every development program I've been in, especially the ones that are safety critical or that have a regulatory body, there's quite a bit of repetitive work. And often that's what's offshore. Well, now that's what can be automated out.
What that will do is it'll allow your engineers to focus on innovation. So a future world of engineering is true innovation where manual aspects of the or repetitive aspects of the development process are pretty much automated out.
There's a reason why the magnificent 7 stocks are trillion-dollar companies while we struggle to maintain our industrial base. It's because the 1990s are calling and they want their offshoring back.
If you like videos like this, go ahead and subscribe and like and maybe we can create an environment where we share ideas on the topic.
And that's your $1,000,000 minute.
Thank you.
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