👉 Owned engineering refers to the in-house technical expertise and resources that a company maintains and utilizes to design, develop, and maintain its products or services. This includes the specialized knowledge of engineers, designers, and technical staff who are directly involved in the creation process, from conceptualization to production. By owning these capabilities internally, companies can ensure better control over quality, innovation, and intellectual property, reduce dependency on external vendors, and respond more swiftly to market changes. This approach is particularly valuable for complex or proprietary technologies where maintaining a competitive edge requires deep, sustained investment in technical capabilities. (Word count: ~300)
