Connected PLM: An Interview
With the upcoming “Steps to Digital Transformation” Virtual Conference (March 21st – 12pm-3pm EST), we decided to reach out to some of our presenters to learn more about what they plan to cover during their sessions.
I spoke with Steve Shaw, Solutions Director, to learn more about the importance of Connected PLM.
PTC: What is Connected PLM?
Steve: Connected PLM is the deployment of smart, connected technology in a PLM solution. This deployment makes it possible to deliver a higher level of visibility and traceability of product information throughout the entire product lifecycle: this includes visibility into smart, connected products in the field and their real-world operational data. Connected PLM can also be used to seamlessly connect disparate systems that contain data that is relevant to the product development process. Companies are able to bring this data together – in context – with the engineering Bill of Materials (eBOM) and other supporting product information typically managed in PLM giving stakeholders early visibility to important product information.
PTC: What are the benefits of Connected PLM?
Steve: Having a deep level of visibility and the ability to trace a product throughout its lifecycle – from requirements, through production and into the field – enables companies to realize the value of true closed-loop product lifecycle management. Closed-loop product lifecycle management provides companies with the opportunity to make better informed decisions earlier in the development process which can result in reduced costly rework, improved product quality, and potentially uncover new market or product opportunities – i.e. “We delivered our product to be used for A,B,C – but our customers seem to be using it for X,Y,Z. We should focus on this market instead.”
PTC: Is implementing a Connected PLM strategy a complete overhaul of customers’ current PLM systems or can incremental changes be made?
Steve: It is very much incremental and can be plugged into a company’s existing PLM system – giving customers a quicker time-to-value. For some, these incremental changes might include connecting requirements with PLM, connecting quality management systems, or – ultimately – connecting to real-world performance information from their smart, connected products. How your organization chooses to adopt Connected PLM depends on where you are on your digital engineering transformational journey.
Learn more about Connected PLM and speak to Steve live at the PTC Virtual Conference. Register here.