For some time, businesses had struggled with finding effective ways to manage the life cycles of their products, from inception and design to manufacturing and service. The rapidly increasing complexity of products and global competition are now motivating them to change.
Many implemented early product data management systems 20 years ago, but now grapple with out-of-date technology. “These systems were really designed just to manage data from computer-aided design and don’t address the electronics or embedded software in today’s products,” explains Peter Schroer, chief executive of product lifecycle management (PLM) firm Aras.
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