Advisor result for Guest Company.
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Leveraging the cloud offers implementation, operation, business, and strategic value. The interest in the cloud to manage product innovation and engineering is growing, but many companies are unsure about what to consider as they explore the cloud opportunity for a product innovation platform. Deciding on the right path depends on what you want to achieve, what capabilities you need to achieve it, what solution you have, your company’s standards, and how you plan to adopt a new solution.
Adopting cloud-based solutions offers multi-faceted benefits, from tactical operational improvement to strategic business transformation.
Solutions, no matter how they are deployed, provide value by meeting functional requirements.
Companies must address governance needs for solutions deployed in the cloud or on-premise. Governance requirements include regulatory, company, and customer requirements.
Existing solutions that meet company requirements could either be leveraged or need to be replaced with a new implementation.
Companies may have cloud strategies, standards and transition plans in place that impact cloud adoption.
Below, you can find your responses and evaluate your company’s cloud readiness and determine your next steps.
Cloud PLM Advisor Pillar 1 - Strategy
Adopting cloud-based solutions offers multi-faceted benefits. The strategy for migrating to the cloud should be aligned with business objectives.
Guest Company's information
- What are your company's primary implementation and adoption goals of implementing a cloud PLM solution? Your answer: Shift to operational expense
- What are your company's highest functional and business priorities for your cloud transformation? Your answer: Improve collaboration
Recommendations based on our research
1 Manufacturers report implementation and/or operational benefits from cloud innovation and manufacturing software aligned with your goals.
2 Manufacturers report business benefits from cloud innovation and manufacturing software aligned with your priorities.
Cloud PLM Advisor Pillar 2 - Functionality
The cloud is a means to an end, it delivers solutions and data to companies. Companies will gain the most value if they focus on their functional needs first and their deployment option second.
Guest Company's information
- Which of the following most closely matches the most important product innovation and engineering capabilities for your business at this time? Your answer: Core PDM
- Which of the following best reflects how much functionality your company is willing to trade off to gain the benefits of a cloud implementation? Your answer: Some
Recommendations based on our research
1 Be sure to select a solution that leaves your company room to expand.
2 Be cautious about selecting a solution that doesn’t provide adequate functionality.
Cloud PLM Advisor Pillar 3 - Governance
Transitioning to a cloud solution requires preparation to ensure that the implementation meets all requirements including regulatory, company, and customer requirements. There is often an optimization required between functional and infrastructure needs.
Guest Company's information
- Does your company currently use any cloud solutions? Your answer: Yes, some PLM capabilities
- How familiar is your company with cloud standards and audit processes? Your answer: Somewhat familiar
- Does your company need to comply with any specific requirements or regulations? Your answer: SOC 2
Recommendations based on our research
1 Leverage your knowledge of operating cloud PLM solutions by ensuring you understand cloud standards and audit procedures.
2 Research company, customer, and industry standards to ensure your cloud implementation will be in compliance. Consider software, your cloud provider, and processes.
Cloud PLM Advisor Pillar 4 - Existing Solutions
Most companies have some existing solutions in place that could either be leveraged or need to be replaced with a new implementation. Companies with existing solutions may benefit from reduced learning curves, cost savings, and other benefits by using a cloud version of their existing solution, while companies without a solution may have more freedom to choose any system they want.
Guest Company's information
- Does your company have a PLM solution? Your answer: Yes, more than one
- Is your primary existing PLM solution available in a SaaS model? Your answer: Future
- Does your company's primary existing PLM solution meet your company's needs? Your answer: Yes
Recommendations based on our research
1 Consider transitioning to a PLM solution that better meets your company needs. Consider cloud deplyment for the new PLM system a high priority, even if your are not ready for the cloud. We believe that solutions that don’t have a cloud option will likely face market viability challenges.
Cloud PLM Advisor Pillar 5 - Cloud Transition
Companies should create a reasonable plan to transition to the cloud that both meets business needs and minimizes business disruption.
Guest Company's information
- Which of the following most accurately describes your company’s strategy or standard for the use of cloud solutions? Your answer: Use cloud if available
- Which of the following best describes your company’s cloud transition approach? Your answer: Phased cloud transition
Recommendations based on our research
1 Unless cloud benefits are the absolute highest priority, consider placing a higher emphasis on your company’s functional needs
2 Regardless of your implementation approach, look for a PLM offering that offers you flexibility in your cloud transition. Some solutions offer value-added cloud applications that allow companies to start their cloud journey and expand their functional capabilities at the same time.
Cloud PLM Advisor resources for you
Next Steps for Cloud PLM
Leveraging the cloud offers implementation, operation, business, and strategic value. The interest in the cloud to manage product innovation and engineering is growing, but many companies are unsure about what to consider as they explore the cloud opportunity for a product innovation platform. Deciding on the right path depends on what you want to achieve, what capabilities you need to achieve it, what solution you have, your company’s standards, and how you plan to adopt a new solution.
Follow the recommendations in this report to evaluate your company’s cloud readiness and determine your next steps.
For more information about cloud PLM readiness please see our Cloud Readiness Infographic or Sharing Ideas on Cloud Adoption Podcast with Siemens.
Learn more about cloud PLM from our sponsor, Siemens.