Does Product Lifecycle Management (PLM) have a future in the age of Digitalization?

Future PLM: 22 Theses

Background & Motivation for this Position Paper

Introducing and operating a PLM system is a cost-intensive undertaking. According to PLM expert John Stark, half of all PLM projects end in failure. The networking of products and services via the Internet of Things (IoT) raises the question of whether PLM is now no longer up to the demands placed on it. Is PLM, as we know it today, on its way out, rendered obsolete by linked data, big data and self-learning systems? Or, to put the question differently, how will PLM have to change in order to provide companies with optimum support during their digital transformation?
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