As PLM is a tool for modern and agile product development, it can deal with challenges like ever-increasing product complexity and shorter product lifecycle. The ability to integrate with different processes allows PLM to communicate with the vital functions like ALM, IIOT also enables the traceability required for digital twins and digital thread.

Organizations can maximize product development processes with a PLM platform approach that expands uses across the enterprise, enables new product capability and overlays disparate systems to tie together islands of automation. Beyond the technology solution itself, organizations must re-align teams with PLM’s original vision and maximize use across disciplines.

The survey states the complications in product innovation and digital transformations are because of

The Disconnect Between PLM’s Vision and Implementation
Lack of PLM-readiness for Product Innovation and Digital Transformation
Actions for Complex Product Development and Innovation
You can find out which actions have to be taken to maximize the PLM’s benefits across the organization, in the book below.