Glossary

IT specialists who analyze data in order to gain new insights for the design of business processes.

refers to a service that includes customer-specific generation, collection and management of data

IT specialists for the creation and maintenance of the infrastructure for handling large data sets.

Data science is an interdisciplinary field in which knowledge is gained from structured and unstructured data.

Job title for an IT specialist.

data collection that is organised so that access to and changing of data is easily possible

Conversion of an economy to a reduced carbon turnover.

assembly- and manufacturing-appropriate product design.

is a methodology for the planning and statistical evaluation of tests.

innovation method for solving problems and developing new ideas

Approach to optimizing certain aspects of the product life cycle.

Concept in product design that aims to include the costs of a product in the design process from the outset

Concept in the product development process that aims to maximize the value of a product to customers

Optimization of products according to clear specifications and strict target parameters.

Key concept in product development, software development and other areas to reduce costs and maximize quality

Subdivision of a company that combines and is responsible for its development tasks

A term made up of the words "development" and "operations".

Special tool or mold that brings materials into a certain structure.

Includes digital planning and explanation models that enable efficient creation of complex models and validation of design decisions.

Enables the virtual simulation of value creation cycles

A digital shopfloor board is a digital information system that is used in a production environment or on the shopfloor of a factory

Describes the use of I4.0 or IoT technologies in shop floor management to increase agility and transparency. Examples are the use of real-time data, visualisations and the use of apps.

virtual 3D model/projection of a physical object

Production areas in which the manufacturing process or product quality can be directly influenced.

Method of transport and storage logistics.

Thorough examination of a company prior to an investment or acquisition

Warehousing strategy in which stocks are adjusted in real time in response to various factors.

Software tool for modeling and simulating dynamic systems.