Aberdeen Group: PLM in Electronics - Turning Products into Profits
While electronics companies’ products are becoming increasingly complex, engineers struggle to access accurate product data when they need it most. Despite this difficulty, Best in Class companies utilize product lifecycle management (PLM) solutions to hit their business goals at an 86% average or better. This report serves as a guide for electronics companies who wish to achieve similar business performance.
Aberdeen research indicates that businesses enjoying Best in Class performance are focusing on key elements of product development, where they are:
- 2.1 times as likely as industry average companies to capture and reuse product development knowledge.
- 2.5 times as likely as industry average to integrate their product development data into their business processes.
- 2.6 times as likely as laggard companies to have centralized their product data.
- 2.8 times as likely as all others to have developed formal metrics to measure their product development process.
To learn how, download PLM in Electronics: Turning Product into Profits.
Your privacy matters
Arena does not sell trial user or subscriber information to third-party marketing companies. For further information, please read
our privacy statement.