HCL
HCL Technologies Ltd

Since its inception around 2 decades ago, the Product Lifecycle Management (PLM) solution has matured along the way to be laid down as the platform to innovate and rapidly create quality products profitably. The influence of PLM has helped better products emerging in a shorter span for versatile business needs ranging from Healthcare to even Nuclear Plants. As per a survey, only one out of seven ideas make it to the market (Gobelli & Brown, 1993). Will this generate revenue that is good enough to be considered? The key challenge indicated by this survey is how the innovation can be profitably implemented. One of the prominent solutions to this is Collaboration; as PLM provides the platform for a healthy collaboration, it immensely increases the probability of a product being profitable.