Collaborative engineering is an approach to product development in which various stakeholders—across disciplines, locations, and companies—work together to develop a product. The goal is to increase efficiency, quality, and innovation in the development process by pooling diverse expertise and resources and through close collaboration, thereby reducing time-to-market in particular. At the heart of this approach is the seamless exchange and shared use of data across the entire value chain. Digital data ecosystems enable seamless, digital collaboration based on standardized, consistent, and up-to-date data among development resources, with the early involvement of customers, production, and other stakeholders. This promotes modern, networked ways of working that accelerate innovation and better address complex product requirements. Additionally, friction losses are effectively avoided.