The CIO's Role in Product Lifecycle Management
Facilitating “Great Product” Development to Drive Economic Recovery
With findings from the 2010 first quarter Aberdeen Business Review showing that executives are expecting revenue growth from new products, Product Lifecycle Management (PLM) has never been more crucial to business continuity and, as a result, has been swept onto the CIO's strategic agenda. To identify which strategies and tactics CIO's of the most successful manufacturers are doing to deploy, integrate and support PLM, Aberdeen conducted a study of over 160 manufacturers. This resulting report provides actionable guidance to CIO's to ensure they get the most business value out of PLM.
Featured Insight of the Day
Aberdeen’s research supports the conclusion that new product development will be a key to revenue growth in 2010. However, which pressures are driving the need for a better backbone for product development? The answers vary but in general are related to the impact of product development on business. See Figure 1 below for the Top Pressures Driving PLM Adoption.
How Demand Metric Can Help
If you need to improve your product development competencies, check out the following templates:
Product Development Objectives Template
Supplier and Vendor Evaluation Template
Product Innovation Roadmap Template
Product Success Drivers Quadrant
Product Portfolio and Lifecycle Matrix
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