you can see that here). Innovation is required to produce better products and delight your customers. PLM is the key to your journey down the road to enhanced innovation.
Innovation is an important topic; most people will agree that it is the key to America's future. Just ask any of the candidates currently stumping for your vote in November. A recent Time Magazine article was titled: "The Future of Innovation: Can America Keep Pace?" That's a very good question, and one that PLM is here to answer. In fact, without the use of PLM, it will be very hard for America to keep pace with the rest of the world.
PLM supports the three pillars of innovation: People, processes and technology. Without support for all three, there will be little chance of innovation, and limited ability to produce really cool, new products that cause customers to say: "Woweeee"!
Most people only think of innovation in terms of cool products, but innovation can take on many forms: product, process, markets, service offerings, customer interactions, and so on. There are many ways to provide innovation to a new market or customer. Anything that establishes, maintains, or enhances your market position, or provides a product or process differentiation, or improves customer satisfaction/retention, or excites people, partners, and customers is innovation.
One of the great strengths of PLM is it manages your intellectual assets. When these assets are managed properly with PLM, people are free to use technology to come up with very cool new products. PLM allows workers to focus on multiple iterations of products in a shorter time early in the design process. This leads to higher quality, innovative products that get to market faster. Without PLM, people are often at the mercy of technology, and innovation is the last item on their task list.
So, as you make the journey towards more innovative products, processes, and services, take a look at PLM. This is where your journey will start, and where it will end, as you manage your virtual and delivered assets. It might take an investment of time and money, but in the end it will be well worth your efforts.
What do you think? Are you trying to be more innovative in the coming year?