According to Accenture, Product lifecycle management (PLM) investments could generate up to 50 percent higher returns if companies apply a sharper prioritization toward digitalization and pursue PLM programs as a means for true transformation. However, many businesses are not investing in these capabilities. Instead, they are focusing on tools/IT and capabilities around classical product development. Major finding in the Accenture study: PLM capabilities that drive digitalization are what will move the needle with return on investment.
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