Over the past several decades, processes to design and build cars, airplanes, and other products have typically followed a linear, sequential path. But the inefficient flow of information has frequently led to delays in product delivery. To remedy the situation, product development groups are shifting to a more holistic digital mindset using digital business models, processes, and tools. By embracing digital like never before, product developers can become fully integrated digital businesses and, therefore, well positioned to be more competitive.
application product life cycle
percent, said that software-oriented application lifecycle management capabilities are important, and 75 percent said that integrating these capabilities with hardware-oriented PLM is equally important. Final thoughts Industry is riding a new technology and business wave that will be significantly different than previous norms. Every business is a digital business, and product development is going digital from end to end. Broader use of PLM can play a critical role in achieving high performance. Product