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PLM Transformation: A $150 Billion Change 💰

Name: PLM Transformation: A $150 Billion Change 💰
Uploaded: 2025-05-14T21:24:51+00:00
Duration: 35 s
Channel: Will Milling
Description: In this brief segment, a representative from a consulting firm explains that roughly $150 billion is being allocated across the industry to fundamentally…

14 May 2025 · 1 min

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In this brief segment, a representative from a consulting firm explains that roughly $150 billion is being allocated across the industry to fundamentally overhaul Product Lifecycle Management (PLM) backbones. The effort involves a large‑scale rip‑and‑replace of existing PLM systems, focusing on decustomization and harmonization, and is structured as a multi‑year, programmatic transformation that rebuilds PLM platforms from the ground up with deep integrations and seamless workflow capabilities.

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What we know personally as a firm who is working and engaged with these partners is that about $150 billion of that is looking at making significant changes to their PLM backbone. That is a rip and replace of an existing system. That's a decustomization and harmonization of their platform. That's a major multi-year programmatic effort to transform their PLM backbone and to build it from the ground up with integrations and seamless workflows in mind.