Economic Impact Assessment of the International Standard for the Exchange of Product Model Data Step in Transportation Equipment Industries

The Standard for the Exchange of Product Model Data (STEP) is an international standard designed to address interoperability problems encountered in the exchange of digital product information. STEP is a suite of standards enabling manufacturing companies to exchange digital representations of engineering & manufacturing data. This study conducts an economic impact assessment of STEP's use by transportation equipment industries, namely the automotive, aerospace, shipbuilding, & specialty tool & die industries. Both the full potential & current realized benefits are quantified. The report estimates the economic value of the efficiency gains due to improved data exchange enabled by using STEP.Gallagher, Michael P. is the author of 'Economic Impact Assessment of the International Standard for the Exchange of Product Model Data Step in Transportation Equipment Industries' with ISBN 9780756731649 and ISBN 075673164X.