Growing Need for Lifecycle Management
May 4, 2012
A recent report entitled “TechVision 2020” that was produced by business research and consulting firm Frost & Sullivan defines 50 innovative and transformative solutions across nine industry sectors, including information and computer technology as well as advanced manufacturing and automation, and confirms the supply chain’s need for more technology to support evolving business strategies.
The report’s comprehensive methodology is described in an article entitled “Technological Developments Gain Traction across Supply Chain” that recently appeared on the website for Supply & Demand Chain Executive:
“TechVision 2020 showcases each selected technology, closely assessing the potential of a given technology platform to understand the true market opportunities, while evaluating the risk-reward elements. It appraises technology maturity and adoption ratings, possible year of impact and patent landscape, examines private and government funding trends, and explores future technology and application roadmaps.”
Among those technologies recognized as vital in this report are those supporting product lifestyle management (PLM) as developments in such platforms continue to gain adoption worldwide. Ahead of the curve, Inforbix has created a cloud-based, scalable, and affordable PLM solution that enables companies to efficiently find, reuse, and share product data and to effectively respond to market changes.
Tonya Weikel, May 4, 2012
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