It’s curious how a single word can come to have two almost opposite meanings. In physics, the word “quantum” can mean “the smallest amount of a physical quantity that can exist independently”, whereas in more general use it can mean the opposite: “a large quantity; bulk”.

The life of a product does not end once it has been conceived, designed and produced. Yet how many PLM solutions, and to what extent does current PLM thinking, take account of the complete life of the product? Right now the “life” in PLM is too short!

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Have you ever wondered what really happened to a product once it left your hands? Maybe until now such detail has been of little interest. But things are changing, and Closed Loop Lifecycle Management (CL₂M) provides the means to address future challenges and opportunities.

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The systematic transformation of lifecycle information into knowledge enables exciting new business opportunities that can assure competitive advantage, achieve sustainability and environmental targets, create new service opportunities and help to meet regulatory compliance. CL₂M using PROMISE technologies and methodologies is the key.

CL₂M and PROMISE-enabled technologies herald a new era of PLM, and Lifecycle Management in general, by creating compelling new business, application and services opportunities especially in the middle of life (MOL) and end of life (EOL) lifecycle phases.

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CL₂M has a particular significance for the future of PLM, but it also has ramifications for all kinds of lifecycles inherent in supply chains, pedigree and traceability of food, beverage, pharmaceuticals, high-value retail, and health care applications; and when you look closely you can see a whole spectrum of interdependencies in the information needs of these different disciplines. Click here if you did not already read my full article.

Probably more than you think! The Internet of Things is not something that exists in isolation, though some things you read would lead you to believe that it does! In reality it is inseparably linked with PLM and CL₂M and a whole host of existing information systems.