CIMdata PLM Industry Summary Online Archive
17 June 2009
CIMdata News
CIMdata in the News: “PLM Extends its Reach into Product Development”
In this article in IndustryWeek magazine, the author Jill Jusko asks What's on the horizon for product lifecycle management (PLM) solutions? She answers this question by quoting several sources including CIMdata:
Consulting firm CIMdata forecasts that PLM investments will continue to grow over the next five years, even as the economy likely will slow that growth in 2009 and 2010.
Indeed, according to CIM-data, today's economy has manufacturers focused on short-term priorities, but "long-term drivers for PLM continue to be focused on initiatives that are critical for business success, including harmonizing global processes, managing the increased complexity of products and value chains, and improving competitiveness and pricing structures by improving product quality and lowering costs."
The deployment of PLM also has begun to extend "beyond engineering design to a broader range of business functions," CIMdata points out in an April white paper, "PLM Growth in 2008," which also looks ahead to 2009.
What to learn more? Click here to read the full article.
Become a member of the CIMdata PLM Community to receive your daily PLM news and much more.
Tell us what you think of the CIMdata Newsletter. Send your feedback.
CIMdata is committed to your privacy. Your personal information will never be sold or shared outside of CIMdata without your express permission.