We have entered the digital era, where Industry 4.0 is the next big thing.
Industry 4.0 is a digitally enabled manufacturing where computers can control automated production lines.
It uses data collected from the Internet of Things (IoT), machine learning, AI, and digital twins to automate existing production lines.Today, PLM is also playing an important role in Industry 4.0 initiatives.
It acts as the central repository of the data required to run a smart factory.
Particularly, Cloud PLM ensures that data is automatically updated and has easy access across the lifecycle.Integrating PLM with the latest technological trends will not only give improved data-driven product development strategies and enable rapid iterations but also a greater customer experience that involves matching user demand with product variants and more competitive pricing.Get full details from here.