Society is at a point where there is no going backwards. It is all about progress, progress and more progress. Advances in software and technology are allowing for more groups and industries to be interconnected. Allowing for there to be more communication and more innovation.
It should come to no surprise, therefore, when I say that over the past few years the world of information technology (IT) has changed. Several variables have influenced these changes such as social media, mobile, big date/ analytics and the cloud (SMAC). We become more connected each day as technology and software advances towards new horizons, and the next big change is digitalization.
For those belonging to the PLM economy it is becoming more and more important to take advantage of this new wave of change. As advised by CIM data, digitalization would be the perfect opportunity to position PLM initiatives into broader corporate or industry objectives. No one wants to be the last in on what’s new especially not when it comes to enhancing their product development.
Gartner’s 2017 CIO agenda survey suggests that 34% of the IT budget of top performing companies currently goes into digital and that in two years – 2018 – that budget allowance would increase to 44%. Due to this increase that is almost 50 % of the budget of top performing companies the PLM industry should be ready to be part of this solution. And this isn’t anything new. Some of the leading firms have already leveraged this but many other companies need to jump in to catch the digitalization wave.
“Progress lies not in enhancing what is, but in advancing towards what will be.”