How Product Lifecycle Management Systems Enable Product Innovation

How Product Lifecycle Management Systems Enable Product Innovation

  Digital transformation is revolutionizing industries, but the increasing complexity of products creates new challenges and concerns. Modern devices, like gearboxes or washing machines, are no longer purely mechanical – they now incorporate software, electronics, and sensors. Innovation can no longer be achieved by designing a product as a standalone unit or even as a collection of independently developed components. Instead, products must be conceptualized as architectures, systems, or even “systems of systems,” necessitating a coordinated approach across various company departments. When Product Lifecycle Management (PLM) systems were first introduced over 30 years ago, they aimed to address this need by fostering and accelerating product innovation. However, they have largely […]