Product Lifecycle Management is the heart of the evolution for innovation, like every technology has the advance lifecycle of its own. Product Lifecycle Management bring together people, processes and technologies to enable innovative new products, intellectual property and their associated workflows.
Today’s world PLM is gaining widespread recognition as the key to sustaining the organic growth of the entire extended enterprise. The 21st century’s challenges the enterprise can be only overcome with their creativity, innovation, and resourcefulness of knowledge. The sustainability of maintaining the enterprise is placed at risk.
Every dominant solution providers has their own personal productivity tools on lifecycle management for both enterprise level and cross-functional collaboration, no one try to one-up each other. Too much is at stake for gamesmanship.
As with any technology it is hard to measure, how other dominant solution providers effectively use PLM in the enterprise and how well the innovative product lifecycle defines their results with regards to Big Data and demands of regulatory compliances. In other ways, in the era of competitive world providing the low cost services may not be good enough and not even bedrock concepts such as first and last are spared.