PLM 2.0: Why Enterprises Should Embrace It

Enterprises need to innovate and adapt, or they risk losing market and becoming obsolete.

Traditional PLM 1.0 is engineering- and manufacturing-centric and, despite using well-defined stages and phased gates for go/no-go decisions, it proves inefficient by failing to allow for rapid reactions to external disruptions and does not address enterprise needs to accelerate innovation in products, services or business models.

In this article, Daniel Lago shows how PLM 2.0 responds to these conditions, by moving from a focus on engineering and manufacturing to an approach based on integrated and extended stages, with respective processes connected to the enterprise strategy.