The Future of PLM: Industry 4.0 Technologies and the Connected Product Lifecycle Management

Abstract

The convergence of Industry 4.0 technologies and Product Lifecycle Management (PLM) is revolutionizing how organizations manage product innovation, development, and maintenance. The transformation from traditional PLM systems to intelligent, connected platforms has enabled data-driven decision-making and agile manufacturing processes. Through the integration of IoT, digital twins, artificial intelligence, and machine learning, organizations have achieved significant improvements in operational efficiency, product quality, and customer satisfaction. The evolution extends across the entire value chain, from product development to manufacturing operations, while addressing implementation challenges through technical and organizational solutions. As manufacturing complexity grows, PLM systems continue to adapt, incorporating emerging technologies like blockchain and extended reality, while emphasizing sustainability and digital transformation initiatives.