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Product Lifecycle Management - A Platform for Profitable Innovation

Product Lifecycle Management - A Platform for Profitable Innovation

Abstract

Today, global R&D networks have to thrive on a complex innovation ecosystem that includes captives, vendors and partners spread across geographies. Does this affect the performance of your R&D? While offshore outsourcing forces a distributed effort around the globe, do you have a partner that seamlessly integrates into your R&D network? HCL, India’s largest independent R&D services partner delivers just that. Powered by experience, expertise and scale, HCL delivers the most complex turnkey product engineering projects, while ensuring integration into your existing R&D network.

Excerpts from the Paper

Since its inception around 2 decades ago, the Product Lifecycle Management (PLM) solution has matured along the way to be laid down as the platform to innovate and rapidly create quality products profitably. The influence of PLM has helped better products emerging in a shorter span for versatile business needs ranging from Healthcare to even Nuclear Plants. As per a survey, only one out of seven ideas make it to the market (Gobelli & Brown, 1993). Will this generate revenue that is good enough to be considered? The key challenge indicated by this survey is how the innovation can be profitably implemented. One of the prominent solutions to this is Collaboration; as PLM provides the platform for a healthy collaboration, it immensely increases the probability of a product being profitable.

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