PLM-as-a-Service is costly - Myths busted

Throughout history, companies have often viewed the implementation of PLM as expensive and complex because of the initial investments, challenging deployments, and maintenance requirements involved. This perception has led to the misconception that opting for PLM as a Service is inherently costly. However, this belief is not entirely accurate.

PLM as a Service offers cost advantages. To begin with it eliminates the necessity for expenditures on hardware and software by adopting a subscription-based approach that spreads costs over time making them more manageable and predictable for businesses. Additionally, these services typically provide flexible pricing options based on factors such as users, storage needs, or specific functionalities enabling companies to start and scale up as necessary without initial investments.

Furthermore, by entrusting the service provider with tasks such as managing infrastructure, updates, and maintenance responsibilities internal IT teams are liberated to concentrate on projects rather than routine system upkeep. This external management of PLM administration helps reduce expenses associated with hardware purchases, software licenses IT staff salaries, and ongoing maintenance efforts. Moreover, being hosted on cutting-edge cloud infrastructure guarantees that PLM as a Service user has access to the features and enhancements without incurring costs for upgrades. 

The provider also manages updates and security patches helping businesses save money and simplify operations. Additionally, a centralized cloud-based platform improves communication and workflows from any location enhancing productivity and collaboration. Reporting and analytics features provide insights into product development processes assisting in decision making and process optimization.

 

Contrary to outdated beliefs, PLM as a Service is cost efficient delivering cost savings, operational efficiencies, and competitive advantages, for organizations of all sizes. Adopting this approach can bring about benefits in the changing product development environment.

Facts - PLM on the Cloud is not Costly.

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