The Product Lifecycle Management consulting firm CIMdata recently released the eBook “Making the Connection: The Path to PLM Cloud” in which they detail why making the switch to PLM Cloud is necessary to remain competitive in the digital era. The study’s findings demonstrate the key advantages to the cloud such as low total cost of ownership, fast time-to-value, rapid implementation, scalability, and accessibility.
What companies are noticing is that their current on-premise PLM and Supply Chain solutions are leaving them incapable of meeting high customer expectations. Yet with a cloud-based architecture, companies are able to rapidly innovate, develop, and commercialize (I2C) profitable products while completely revolutionizing their product value chain.
CIMdata states that “Cloud-based PLM enables the ability to federate data and integrate processes to support extended inter-connected business requirements. With data integration, collaboration, knowledge transfer and predictive analytics across the entire product lifecycle from the initial idea through to design, engineering, manufacturing, delivery, service and quality, companies are enabled to make faster, well informed decisions using data from across processes to maximize value, competitiveness, and drive Digital Transformation initiatives”.
In conclusion, this fundamental shift to PLM cloud allows companies to digitally thread enterprise product data throughout their complete ecosystem (ERP, SCM, and CX) for performance-driven Industry 4.0 transformations. These leading companies are then able to integrate the Internet of Things (IoT) and create digital twins that allows them to innovate and develop new ideas faster.
Read here for the complete report on why companies are making the switch, why it is important, and how they’re getting to the cloud.
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