Others expect that leveraging PLM technology to extend continuity of lifecycle management across the broader organization will lead to new business models and data-driven products going to market faster.
Many speculate PLM will work alongside Industry 4.0 in driving organizational value between program creation and sourcing and from R&D to the assembly line and along the path from factory to consumers. Perspectives on PLM’s role in the future of digitized manufacturing are twofold. Those in the process of Industry 4.0 transformations quickly expedited their journey while companies without any real digital traction experienced a five-alarm call to action! With additional large-scale global impacts looming, the ‘new normal’ for manufacturing is to be nimble, requiring Industry 4.0 transformations that often start with product lifecycle management (PLM) software. People went home to work, and manufacturers that embraced digitalization were well-positioned to weather the impact and come out ahead. Flash forward to late 2019 when the pandemic upended everything, and the world shuttered in place. Initiatives were often folded into the mix as time and resources allowed. Yes, COVID changed all that - and moreīetween 2011 (when Industry 4.0 began) and 2019 before the pandemic, advancements towards digitization of the manufacturing sector plodded along steadily. Why? Because Industry 4.0 transformations deliver benefits such as agility, productivity and cross-functional collaboration and enable the creation of vastly improved products that go to market faster.
Over the past decade, we’ve seen Industry 4.0 planning and implementations grow from “nice-to-have” to accelerated adoption of digital processes across the entire manufacturing lifecycle. Our team at FEALINX has worked with Siemens to solve challenges in manufacturing for more than 22 years.
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