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Many of the messages published by Gabe Moretti in his recent EETimes article resonate very well with Cadence strategy.
The concept of Model-Based Design (MBD) is based on continuous refinements of the design, progressing to less and less abstract representations, that are all automatically generated from the previous, more abstract, representation. C-to-Silicon is capable of extracting models in different levels of abstraction (Untimed, timed etc..) and producing models within different levels of abstraction (Approximately accurate, Cycle accurate and RTL).
The evolution of platform-based design with IP re-use - the need to reduce development cost with the increased number of derivative IPs in the market create huge pressure on designers to re-use. The transition to a higher-level of abstraction can provide designers the following re-use benefits:
The same IP can be ported into multiple designs or multiple process nodes just by changing the constraints - the base design intent (algorithm) can stay the same. This approach can save weeks/months of manual RTL code development.
Multiple architectures can be created and assessed quickly
The design complexity can be reduced significantly
Design debug becomes much easier and few bugs can be found earlier
Yes, the industry is making progress in the ESL domain and designers are starting to recognize it.