Whether you’ve just decided to corral all your PLM initiatives under one organization, or you’re already down the road and have created your governance model, completed your strategy and gotten everyone excited (and have the money approved) to move forward, what are the biggest risks to success in a large enterprise with PLM?

You probably constantly hear generic benefits you can realize through PLM (Integware has probably thrown a lot out there over the years).  But, do you ever hear the real world value and results that can be achieved? 

Over the past 20 years, it seems that technological improvements have been occurring at a constantly increasing pace. As soon as you finally learn to use all the features of you new smartphone or table, its already been rendered obsolete by a sleeker, faster, smarter, "easier to use" version with twice or three times the memory.

Product lifecycle management programs are essential for companies interested in compiling data on product creation, development, and marketing that can be used during the production of other products, to reduce both time spent on production, and the costs associated with production. The software associated with PLM solutions utilizes engineering tools to allow several processes to take place simultaneously, making product production as much as 70% more efficient. It's hardly surprising that the product lifecycle management industry is worth about $25 billion. There is little argument to be made about whether PLM solutions are worthwhile. Instead, we're going to focus on PLM implementation plans for businesses that are ready to take advantage of quality PLM programs.

According to recent statistics from AboutPLM.com, the PLM, or product lifecycle management, consulting services industry has exploded within the last decade. In a one-year period, industry worth jumped from $24 billion to $27 billion. In 2013, the PLM solutions industry is expected to see 7.5% growth, further cementing the sector as a key player in developing businesses for success.

Integware will once again be a sponsor of 3DEXPERIENCE 2013.  And, we have a couple of questions for you:

Your organization has made the decision that Product Lifecycle Management is the right strategic business tool to help you remain competitive and secure successful organizational longevity in an increasingly globalized marketplace.  With the decision to implement PLM, you now come face to face with a myriad of PLM solutions that you can choose from.  For a successful implementation of PLM in your organization it is essential to select the “right” PLM for your business needs and organizational culture.  The PLM decision will impact the organization for years to come.  Once a PLM solution is implemented, organizations will find it difficult to move to a new PLM platform that replaces the incumbent PLM platform.

Check out Dave Hadfields new promotional video describing the need, impact and benefits of conducting a proper PLM Strategy: