For successful PLM, IoT and digital twins required
“Let’s be frank. In an industry that calls itself ‘product lifecycle management,’ nobody’s done much lifecycle management,” said Jim Heppelmenn, CEO at PTC, during his keynote at this year’s LiveWorx event. “When the product left the factory floor, we lost sight of it though it labored on in the field for years or even decades.”
“Let’s step back and think about IoT and PLM for a moment,” Heppelmann said. “The ‘things’ in IoT are products that came out of a factory. Why would you connect products to the internet if not to better lifecycle manage them? The simple answer is that IoT is PLM — or at least the next generation of it.” Read more…