Is IoT the next Game Changer? The next big hype? Or is it just a good business practice that engineering driven companies like EMC were already doing 20 years ago.
This morning in my feed I saw an article from HBR titled “Why Bad Projects Are So Hard to Kill.” Intrigued, I read the article (from 2003.) I found the parallels in this article and the recent blog post from our CEO, Peter Schroer, about sunk costs and loyalty in PLM initiatives uncanny.
The Solution Showcase is a part of the event where our customers show off their work. The nicname for this event is the Rapid Fire Demos - it allows our users to show off their creative developments in quick 5 minute demos.
Many of the companies we speak to have come to the realization that
their legacy PDM solutions can no longer service their needs. In fact, they’ve
reached a point where they believe that “rip and replace” is their only
option. There is value in Legacy PDM for CAD data when paired with a modern PLM System.
What is the basis for loyalty to a Legacy PLM provider? Is it due to the success of the initiative or the amount of money that has been invested to date. Loyalty is a wonderful thing, but ask your newly hired MBA from that expensive business school, "What does Sunk Cost mean?"
Microsoft and the .NET Logo are trademarks, or registered trademarks of Microsoft Corporation in the United States and/or other countries.
Product and service names mentioned herein are the trademarks of their respective owners.
Copyright © 2016 Aras. All Rights Reserved.