PLM software solutions have helped streamline and systemize project and process management across various verticals and horizontals. The roots of the PLM software solutions lie in CAD (Computer-Aided Design) systems, including designing & engineering. However, now, many technical and technological advancements have brought in new developments in the project lifecycle, which in turn has created ripples of changes in project lifecycle management. Businesses that want to enhance their project management need to look out for the latest trends in the field and adopt them in their existing systems.
PLM Software Trends to Look Out for
Connected Devices
Connected devices are significantly changing how we communicate with products. IoT data has helped businesses understand the specifics of customer requirements and monitor product performance in real life. Product lifecycle management companies are looking into ways of using IoT for enhancing customer experience. In different industries, including aerospace, consumer goods, and automotive, real-time monitoring of products has opened up a wide number of opportunities for the development of new operational as well as maintenance solutions and services.
Interactive User Experiences
Workflow serves to be one of the fundamental paradigms of the manufacturing software solutions. Businesses, as well as engineering and manufacturing processes, can be modelled and executed as a set of tasks with specific rules and conditions. The set of interactive technologies, right from the web portals to mobile phones, mobile applications, SaaS (Software as a Service) applications, are required to provide the most functional, efficient, and self-guided user experiences. The respective behavioural trend in the millennials is expected to bring the requirement for high-quality, interactive user experiences into the given organization from various devices, locations, and data sources.
Microservices architecture
Product lifecycle management companies generally construct PLM solutions based on monolithic architecture. This new trend looks into upgrading minor or major releases of the architecture. These microarchitectures can be used to build or expand existing platforms. It enables manufacturing companies to address new demands or manage certain services separately. This structure enhances system flexibility and also makes it scalable.
Product Data as a Service (PDaaS)
The latest trend in this domain is PDaaS, which enables businesses to make optimum use of the product data and information available across business functions. This service allows for data management and analysis. It can also be used to verify compliance if required. PDaaS approach in PLM enables faster decision making and improves collaboration between stakeholders and customers. This approach has also be found to reduce the time required to launch a new product.
