Integrated Product Lifecycle Management in the Era of IoT

Created: June 20, 2017
Updated: March 20, 2020
Integrated Product Lifecycle Management in the Era of IoT

Table of Contents

Integrated Product Lifecycle Management (PLM) is essential to successful product release in an increasingly competitive and complex market. Behavior by Best-in-Class firms demonstrates how PLM can and is being used as an innovative platform for digital transformation and, ultimately, a tool for promoting more successful and effective product development from start to finish.

Key findings include:

  1. 40% of Best-in-Class manufacturers identify PLM as the primary application used for release management, and 33% identify it as the primary application for change management.

  2. Best-in-Class manufacturers are 47% more likely to meet their product launch targets.

  3. Best-in-Class firms cut their length of development time by 19%.

  4. 63% of Best-in-Class firms integrate PLM with ALM (application lifecycle management)

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