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New IDC PlanScape Lays Foundation for Building Product Innovation Platform

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Framingham, MA – April 08, 2015 – The product innovation platform's time has come: the evolution of PLM (Product Lifecycle Management) to the point where it connects with other enterprise data to enhance innovation has been discussed for years, but there were no real overriding factors driving this evolution forward. Now, with enormously complex, connected, and "smarter" products, the need for systems engineering and digital manufacturing and hyper-dynamic customer demand, the time is right for an approach to PLM that truly leverages all demand, supply, and manufacturing information to optimize products and processes. The new IDC Manufacturing Insights report, “IDC PlanScape: Building the Product Innovation Platform,” (Document#MI255220), lays the foundation for manufacturers looking to mature their PLM process to the next step.

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