"Industry-Analysis" in the context of Product Lifecycle Management (PLM) and engineering refers to a comprehensive examination of industry trends, best practices, emerging technologies, and market dynamics that influence product development processes. This analysis is crucial for PLM practitioners as it helps them understand the broader business environment, identify opportunities for innovation, and make informed decisions regarding technology investments and process improvements.
The origins of industry-analysis in PLM can be traced back to the early 1980s when enterprises began adopting Computer-Aided Design (CAD) systems. However, with the increasing complexity of product development processes and the advent of digital transformation initiatives, the role of industry-analysis has evolved significantly. Today, it encompasses a wide range of activities including market research, competitor analysis, technology trends monitoring, and operational performance evaluation.
