PLM 2.0

PLM 2.0, or Product Lifecycle Management 2.0, is an advanced way companies manage a product's entire journey—from design and development to manufacturing, maintenance, and end-of-life. It leverages modern digital tools like cloud computing, real-time collaboration, and data analytics to improve efficiency, innovation, and decision-making across departments. Unlike traditional PLM, which focuses mainly on product data, PLM 2.0 emphasizes interconnectedness, agility, and leveraging digital transformations to respond quickly to market changes and customer needs, ensuring products are developed faster, with higher quality, and aligned with global sustainability and operational goals.