21st Century PLM

Digitalization is unlocking newer opportunities for leadership and strategic growth, key to strategic edge in a rapidly changing business world for global enterprises. PLM is increasingly seen as the enabling technology for driving digitalization. However, traditional PLM systems are evolving to keep pace with the changes, challenging enterprises in advancing their PLM strategies for realizing the true potential of digitalization.

Need for 21st Century PLM
Historically, enterprise PLM applications have been designed to support data authoring that serve dedicated user domain but have had minimal impact on consumption of this data & process enablement, that transcend traditional business and IT silos. Further, the focus has been around traditional mechanical led areas and missing the value of connections across the entire product development lifecycle. As manufacturers & their ecosystem have grown both geographically and organizationally, the systems have struggled with constraints impacting quality of collaboration.

These changes coupled with significant enhancement in capability and functional coverage by all leading PLM ISV’s, necessitates the need to invest in 21st century PLM systems. This investment in 21st century PLM is essential to support a flexible and focused business infrastructure capable of driving new business models and responding to market requirements with smart, connected products.

21st Century PLM Dimensions


Connected
Eliminates the process constraints due to domain silos by creating an internally and externally connected ecosystem through federating disparate enterprise systems




Collaboration
Collaboration across domains as well as the value chain enabling data consumption focused processes and closed loop continuous engineering





Orchestrated
Adaptive and flexible processes enabling effectively respond to fast changing business requirements



Enabling 21st Century PLM
A successful transformation to a 21st Century PLM will be determined by the ability of enterprises to reimagine their PLM strategies in context of model based enterprise enabling

  • Realization of digital thread platform through a holistic strategy achieving an alignment of enterprise value elements (People, Process, Technology, Data and Things), individually & collectively,
  • Leveraging digital PLM assets created over the years across the ecosystem driving digital continuity across applications without losing the context or meaning and
  • Providing the capability to transform from data authoring to data consumption enabling the processes
  • Delivered through agile and efficient development methodology

This is where HCL can deliver significant value. Our 21st century PLM capabilities combined with our ability to support customers on IT and business processes front leveraging our expertise in Engineering Services domain has enabled HCL understand the challenges in evolving PLM systems and partner in empowering digital enterprise of the future with best-in-class PLM strategies
 
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