PLM Road Map & PDT Europe 2024

Value Drivers for Digitalization of the Product Lifecycle
Insights for the PLM Professional—Why the investment, what are the returns, and how are they achieved?

These days, most companies are actively engaging in a digital transformation journey, often within the context of a broader business transformation program. For companies that develop, produce, and/or service products, the scope of transformation is full lifecycle—extending across the interconnected value chain of customers, partners, and suppliers. Billions of dollars are being invested in model-based this and that and digital everything. Examples include model-based definition, model-based systems engineering, model-based enterprise, digital engineering, digital twins, digital threads, and so on.

While every facet of a digital transformation is important, there is a growing realization that elevating the data perspective is critical to success. There has been a paradigm shift in motion for decades to transition from document-based to model-based representations of product information. The next leap is enabling ready access and interpretation of the information within these digital representations and other digital resources through data architectures, standards, governance, and tools such as AI.

PLM Road Map