“Should I Stay, or Should I Go?”: Cost, Risks, and Rewards of Moving-On from a Legacy PLM Solution
A Complimentary CIMdata Educational Webinar with Tom Gill, Practice Manager, PLM Enterprise Value and Integration
8 July 2021
11:00 EDT | 08:00 PDT | 17:00 CEST
Webinar Replay About our Speaker
This webinar is for you if:
- You are looking for your next PLM solution.
- You are experiencing inertia from your current PLM solution.
- Your business requirements are changing.
- You are having to decide between staying with your current solution or are replacing with a next generation solution.
Four years ago, CIMdata presented an educational webinar entitled “Rip and Replace or Embrace and Extend to Enable a PLM Platform.” At that time, the emergence of true PLM platforms (often termed “Product Innovation Platforms” using a definition crafted by CIMdata, Gartner, and IDC) had begun to force many companies to consider replacing legacy PLM solutions that were no longer allowing them to keep up with the increasing demands of and changes to their businesses.
Over the last four years, CIMdata has supported PLM program assessments and platform evaluations that considered whether a company should stay with their current solution, enduring potentially a lengthy and costly upgrade (migration) process or replacing aging a legacy solution with a next-generation PLM solution and what that entailed. This webinar will highlight observations about the costs, risks, and rewards CIMdata observed in these consulting engagements.
Most solution providers have now embraced the concept of a Product Innovation Platform. Still, the degree to which they fit CIMdata’s definition varies as much as the degree to which their customers (new or old) can easily embrace it. Solutions aligned with CIMdata’s platform model promise a better way to define and deliver capabilities that can be configured into solutions and reconfigured as requirements change.
This webinar will first review the past research by CIMdata on assessing the long-term viability of PLM solutions and product innovation platforms:
- How sustainability measurements of existing solutions can be made and quantified.
- How this impacts the decision as to whether a current solution should be upgraded/migrated or whether a next-generation PLM platform is the answer.
Second, the webinar will offer real-world context by reviewing lessons learned over the last four years in providing consulting support for companies making this same decision.
- Factors inside and outside of sustainability (ex: politics) that influenced decisions.
- What was realized in decisions to either upgrade/migrate or move to a new platform.
- Overcoming inertia: how and why efforts to make this decision were stalled and/or NEVER HAPPENED.
Attendees will learn
- What a Product Innovation Platform is and why it is important.
- How a PLM solution can be assessed to determine the best direction forward.
- What actually happened in examples where inertia won and existing systems were embraced.
- What actually happened in examples where the move to a next generation PLM platform happened and current results.
- How and why a PLM program was supported by executives and approved.
- How and why the effort died-on-the-vine and opportunity was lost.
Who should attend?
- PLM Sponsors & Executive Stakeholders
- PLM Program Managers and Directors
- Enterprise & IT Architects
- Master Data Management (MDM) and other lifecycle data management process owners
- IT Operations Professionals
During the webinar you’ll also have the opportunity to ask questions about the topics discussed.