Digital technologies are disrupting and changing businesses. Product innovation and development is at the forefront of this new technology wave. Integration of data, processes, business and IT is "stimulating" innovation in product and service delivery. For decades, companies have adopted tools to digitize and automate the product development data and workflows. Now, leaders are looking for a digital model to significantly increase the efficiency and effectiveness of PLM processes—and thus deliver substantially higher ROI on R&D.
These new trends are shaping the future of PLM, taking it to another level. Top performers recognize that a digital approach can boost the effectiveness of the PLM process dramatically. These leaders understand that digital enablers—social, mobile, analytics and cloud—can drive significantly more rapid, scalable, intelligent and connected PLM by helping to link all functions and constituents in an efficient network (see our Digital PLM Infographic). The technologies that sustain the Digital PLM model enable more agility and responsiveness both within and beyond the enterprise.