Is IoT The New PLM?
At the recent LiveWorx technology conference, PTC’s CEO Jim Heppelmann stated “IoT is PLM.” An observation some of us, and, I believe, Mr. Heppelmann himself, have made before. This notion is more profound than some may realize.
Despite the capital ‘L’ of PLM, many product companies do not actually exercise product lifecycle management. Many PLM software systems are reduced to PDM and engineering change management. In his comments to industry analysts, Mr. Heppelmann observed: “Nobody, not just PTC, is doing product lifecycle management. You build a car, the car leaved the factory and you never hear about it again.”
Connected products offer visibility and insight that most organizations never had before. Read More