Business Intelligence Extending PLM Value: PLM Maturity Enables New Value from Analytics points out the significant value that has accumulated in PLM systems as implementations and usage have matured, and how manufacturers can tap into that value with business intelligence (BI) solutions. Please enjoy the free Introduction below, or click the report title above to
A quick peek into some research on … the use of business intelligence in PLM provides insight on taking advantage of the tremendous amount of product data accumulating in today’s PLM systems. The research discusses how the maturation of manufacturers’ PLM implementations has created a tremendous volume of untapped information that can be leveraged to improve product innovation, product development, and engineering performance. As it has in previous enterprise applications (ERP, CRM, SCM, others), the time has come for manufacturers to tap into their growing information goldmines through the use of business intelligence (BI) tools.
What I learned this week … came from watching the Did You Know 3.0 Video and asking myself what it means to the world of manufacturing and product lifecycle management (PLM). The answer? Quite a lot. If you haven’t seen the video, it is worth 5 minutes of your time to give you an entertaining and informative look into the times we live in. The part that really caught me was that we live in “exponential times.” Things are changing rapidly in our personal and professional lives, and manufacturers need to consider the ways the world is changing in order to be relevant with the right products (and the right processes) to capitalize on the future.