In life, there are things that are just meant to go together – peanut butter and jelly, wine and cheese, Batman and Robin, and PLM and cloud.
Yes, PLM and cloud made the short list. Why? PLM processes in the cloud can enhance your product lifecycle outcomes. With PLM and cloud, you can add new cutting edge cloud services easily to your existing PLM solution with no barriers. You can leverage new and upcoming services for enhanced security, storage, and other key areas to address your business needs today and tomorrow — all to improve your product innovation and reach your business objectives.
Benefits of Cloud Computing
Many companies are finding the benefits of cloud computing outweigh its disadvantages. In fact, according to an article on Information Age, Top 10 Benefits of Cloud Computing, 85% of enterprises today are using multiple clouds, with this proportion expected to grow to 98% within the next three years. Increased reliability, less overhead, better security, more control of data, increased collaboration, and ease of deployment are all positive outcomes that keep companies singing the praises of cloud computing. Another benefit of cloud is the ability to try new solutions for a limited time, and understand how they can improve efficiency in business processes; all without having to buy the solution outright.
PLM and Cloud
PLM and Cloud really are a great match. Design News reports that “Product lifecycle management (PLM) is a critical component of the digital transformation that is taking companies into the world of advance automation and connected systems .” We know that PLM provides a collaborative platform to manage all phases of a product lifecycle, enabling the digital twin — to get successful products to market faster. Cloud computing provides companies with flexibility and scalability – and allows for use of cutting-edge technology like IoT and AI, while reducing costs associated with overhead and resource requirements.
As noted in the CIMData webinar PLM in the Cloud: Accelerate Your PLM Business Value, the nature of cloud computing can result in PLM advantages including:
- Scale and Expansion – Cloud can expand when needed as your geographic distribution, solutions, and processes scale up and out
- Latest Technology Adoption – Cloud allows for the adoption of cutting edge innovations in security, analytics, machine learning, IoT and more to use throughout each phase of the product lifecycle
- Affordability – PLM with cloud can be cost-effective, it can reduce IT resource needs, speed up deployments, and rapidly connect users across the entire enterprise, supply, and value chain
Why combine PLM and Cloud?
Moving to cloud-based PLM may sound like a no-brainer, but as noted in the article The Subtle Shift to Why Not Cloud, companies typically do not make major IT shifts without a reason, whether strategic in nature or ROI-driven. The cloud offers a lot of reasons to take that leap. The research highlighted in the article shows benefits along five dimensions:
- Implementation Benefits – Including the ability to start fast without the need to purchase and install servers or add IT resources
- Operational Benefits – Focusing on innovation instead of backing up data and managing performance
- Business Benefits – Such as cost savings, lower risk, and scalability
- Unique Benefits for Engineering Software – Including the ability to better support remote engineering locations or leverage unlimited computing power for capabilities like generative design
- Strategic benefits – Supporting digitalization and connecting digital twins with their physical counterparts over the IoT