Abstract
Companies' digitalisation initiatives require a modern approach to PLM solutions, as digital and physical worlds are increasingly merging and industries are facing new challenges as a result. The classic approach of product lifecycle management is being expanded to include a so-called "closed loop" view in order to be able to operate business processes in the context of planning, development, validation, production, operation and service consistently and transparently. New possibilities for role-based user interaction, augmented and virtual reality and big data analytics are directly related to a modern PLM solution.
This presentation will explain advanced PLM concepts that form the basis for "Smart Connected PLM" in the age of the Internet of Things.
