Hey everyone, Shreyash here!!🖐

Today, I'm excited to delve into a topic that's truly important to me: Product Lifecycle Management (PLM). As someone working in a PLM company, I'm always excited about the latest trends shaping our industry. So, let's dive into what we can expect in 2024!

Prediction 1: Products with Passports

Imagine if products had passports just like people do! These passports would tell us all about a product's environmental impact and its repairability. As someone passionate about sustainability, I believe this will help consumers like us make informed choices when we shop and contribute to a greener future.

Prediction 2: Digital Threads Everywhere

Digital Threads are like the backbone of PLM, helping us understand how products work and what might go wrong. In 2024, we'll see these threads popping up everywhere, making it easier for us to keep track of everything from product designs to market trends. This is going to be a game-changer for us at the PLM company, streamlining our processes and boosting efficiency.

Prediction 3: PLM Moves to the Cloud

Working in a PLM company, I know firsthand how complex our systems can be. That's why I'm excited about the shift to cloud-based PLM solutions. This move will not only make it easier for us to collaborate with our team but also ensure that our data is safe and accessible from anywhere.

Prediction 4: AI Revolutionizes Compliance

Dealing with regulatory compliance can be a daunting task, but AI is here to help. By leveraging AI, we can streamline the process of identifying and adhering to regulatory requirements, ensuring that our products meet the highest standards of safety and quality.

Prediction 5: Enhanced Collaboration with PLM Platforms

As someone who values teamwork, I'm thrilled about the role PLM platforms will play in fostering collaboration. By bringing together teams from different domains and departments, these platforms will enable us to work together seamlessly, ultimately leading to better products and faster time-to-market.

Prediction 6: Harnessing AI's Power

AI has the potential to revolutionize how we approach PLM, but it needs data to work its magic. That's where Digital Threads come in. By providing AI with the necessary context and information, we can unlock its full potential and drive innovation across our organization.

Prediction 7: Data Governance Takes Center Stage

As someone responsible for managing data, I understand the importance of data governance. In 2024, with the proliferation of AI and analytics, ensuring data quality and compliance will be more critical than ever. By implementing robust data governance practices, we can safeguard our data and derive meaningful insights to drive business growth.

So, there you have it—my insights on the seven trends shaping the PLM landscape in 2024. As someone passionate about PLM and its potential to drive innovation, I'm excited to see how these trends will unfold and the impact they'll have on our industry. Here's to a future filled with smarter, more sustainable products!

- shreyash meshram