From Third Party Vendors to Key Stakeholders, Engineering Services Vendors are Driving the Industry from Front

We have long spoken about outsourcing being the new norm. However, in the current economic tug of war and the fast changing technology landscape, outsourcing is the lifeline of every industry, especially for OEMs who require several specialized engineering services when developing new products, process or a service. Ranging from concept development, design elements, prototyping of the product/service, infrastructure, equipment and processes involved in manufacturing to maintenance and/or delivery, the need for an effective and engaging Engineering Service Outsourcing (ESO) vendor is becoming more critical. Add to it the challenge to

cost, adapt to technological changes as and when it happens, and outperform others by reaching market quite early; ESO vendors role is changing dramatically. From being a third party vendor to gradually becoming key stakeholders in product development, ESO vendors are driving the industry’s growth exponentially.

With time, ESO vendors play a vital role in the enabling its clients achieve their goals. From offering lower degree of complexity, such as CAD drawings & designing, to more complex offerings such as delivering end-to-end solutions for a product or technology. In due course of time, segments like system engineering, embedded system software development, digital and mechanical engineering, user experience design, hardware product services, and product lifecycle management will be the major game changers. On the other hand, automation in engineering services has resulted in enhanced usage of AI technology, which resolves various stages of design and development of engineering products. Being a relevantly new vertical for the industry, only serious players have invested in the development of engineering services powered by AI technologies.

Bringing you few such technologically advanced engineering services vendors in our current issue of ‘25 Best Engineering Service Providers - 2018,’ we aim to neutralize your search for a perfect ESO partner.
Do let us know what you think!