Challenges in PLM for Enterprise Organizations

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Product lifecycle management (PLM) is a core requirement for modern product development, particularly as organizations face increasing product complexity and shorter product lifecycles.

PLM is also the key integration point for advanced product development technology such as application lifecycle management (ALM) and Internet of Things (IoT) data, and enables traceability required for Digital Thread and Digital Twin.

An organization’s ability to innovate and pursue Digital Transformation is therefore significantly dictated by the level of PLM functionality and maturity across the organization.