How PLM can discover “data opportunity”?


The amount of data around us is growing enormously. For the last 10 years, internet as well as other data source such as mobile devices created a huge stream information. It comes in every place – our daily activity such as photos, videos, online GPS as well as in a business world. Companies are discovering new ways to communicate and perform digital activities that nobody seen before. Think about manufacturing company 10-15 years ago. Most of digital activity was about design and engineering. After throwing BOM to the manufacturing side and procurement planning, rest was in metal – not digital. This is not true anymore. The amount of online information about product performance, regulation, tracking information about customers and other activities is skyrocketing.

Internet is one of the biggest driver behind changes in digital space made a revolution in the way people communicate in 21st century. However, even internet is going to change these days. Invented first as a “web of shared linked documents” aka as Web 1.0 later developed in so called Web 2.0. Web 2.0 was born to provide an answer on an increased demand to collaborate. It came together with social networks and increased dominance of mobile devices.

However, these days many people speak about future changes and development of web. It comes in two major aspects – IoT and Web of Data. I’ve been writing about PLM and IoT common trajectories recently on my blog here. Web of data (or how some of people called Web 3.0) is not less interesting. Sir Tim Berners-Lee, original inventor of internet at CERN Lab in Switzerland is one of the most prominent believers in a new web. Few days ago, I was reading Telegraph article – Sir Tim Berners-Lee: data and the new web. Take few minutes of time and read it. Sir Tim is speaking about opportunity of sharing data. I found the following passage very important:

His [Sir Tim] idea sounds simple: he wants companies, governments, organizations and even, to some extent, individuals to share their data. It’s not new, per se: bus companies have been publishing timetables since they began, while anyone selling anything must explain to prospective purchasers what’s on offer. But in the age of the web, there’s a lot more data about and the chance to connect it in novel, creative and enlightening ways. So Sir Tim wants ever more organizations – and especially countries and businesses – to share what they have and see what happens when it gets put together.

However, the problem with sharing data is well known for a long time. PLM, manufacturing and other enterprise space is familiar with this problem very much. It is about business models and open vs. close business world. Here is how Sir Tim explains this:

“It’s a constant battle of mindsets – once people have got the open data bug they realise the benefit. They realise they’re performing a service to the country. With the original web, people could see the benefits. But with this you don’t immediately know the benefits or who is using it. It could be another company or a kid doing homework or somebody in the World Bank – nobody’s really able to be able to work out the investment.”

Open Data Institute (ODI) – is new UK based organization founded by Sir Tim Berners-Lee is focusing on data opportunities. The Open Data Institute is catalysing the evolution of open data culture to create economic, environmental, and social value. It helps unlock supply, generates demand, creates and disseminates knowledge to address local and global issues. I found the following related work by UK government interesting – UK data capability strategy: seizing the data opportunity. Navigate to the following link and take a look on a document – Seizing the data opportunity. Here is how data opportunity defined there.

Data has been likened to the “new oil” of the 21st century, but unlike oil, we are not going to run out of it. On the contrary, we will continue to amass more and more data. As set out in the Information Economy Strategy, business sectors across the economy are being transformed by data, analytics, and modelling. New and emerging technologies will fuel the growth of data: as access to computing and the internet becomes ever more mobile, data will be transmitted and analysed continuously; and the development of the Internet of Things could mean that by 2020 sensor data will be created by as many as 50 billion connected devices across the globe. From increased transparency and accountability through open data, to new scientific discoveries, and market-changing products and services which can be developed using modeling and simulation, big data analytics and data-driven science, the opportunities – and challenges – are significant.

What is my conclusion? Engineering and Manufacturing firms can gain a significant business advantages from smart usage of data. Thinking about full product lifecycle including design, engineering, manufacturing and maintenance, PLM vendors can discover an interesting opportunities in variety of data usages by specific companies and industry verticals. This is a new opportunity. Will be it be discovered by PLM vendors or new startups? This is a good question to ask. Just my thoughts…

Best, Oleg

Picture courtesy of 3danimatix blog

16 Responses to How PLM can discover “data opportunity”?

  1. We stumbled over here by a different page and thought I might as well check things out.

    I like what I see so now i’m following you.
    Look forward to going over your web page for a second time.

  2. Hey There. I found your blog using msn. That is a really smartly
    written article. I’ll be sure to bookmark it and return to learn more of your helpful info.

    Thank you for the post. I’ll certainly return.

  3. Most jewelry seller is relying on Sale – Hooo when itt comes
    to wholesale jewelry. Your capital with which you wiill start your
    online business. Remember that you cannot sdll on the product that
    yyou don’t believe in.

  4. It’ѕ remarkable in support of me to havе a web site, which is
    helpful designed for my experience. thanks admin

  5. flintstones cheats

    How PLM can discover “data opportunity”? | Daily PLM Think Tank Blog

  6. türk porno says:

    hello!,I like your writing so much! share we be in contact extra approximately your post
    on AOL? I require a specialist on this area to resolve my problem.
    May be that is you! Looking ahead to peer you.

  7. SEO Dubai says:

    One of the high-priced and very important issues a fresh business should have is a
    web site. Design it-yourself may save a ton of cash.
    Merely be mindful that you’re not that chintzy. The following advice will allow you to build a
    website just like the the pros do.
    When you Web design company, draw it up in numerous browsers.

    Everything you see mightn’t be what consumers may observe.
    Research all the popular browsers and style accordingly.
    You might also need to see your site using a computer
    operating-system that is different to make certain everything
    is not incompatible whether users are using Windows, Mac.

  8. jual game pc says:

    Asking questions are truly good thing if you are not understanding something
    totally, but this piece of writing offers nice understanding even.

  9. Have you ever done buying shopping on the internet? You most likely realize that although you will find numerous
    similarities to traditional buying, there are a few differences too, if so.
    Due to that, you must be educated on the method so that you can get the best bargains that
    are possible. Check this post for advice that is superb that will assist you out.

  10. laboratorium weterynaryjne

    How PLM can discover “data opportunity”? | Daily PLM Think Tank Blog

  11. There’s little doubt that children love bunk-beds. Particularly young kids’re lots of fun for children, and a batch of reasons why you must consider buying some bunkbeds for the
    kids.Why are bunks loved by children? Because bunks are enjoyable.
    It is quite possible to turn your bed into more or
    less anything that you want to. Perhaps your bed is a pirate ship, perhaps a princess’ citadel?
    There’s so many things that a kid can do using a bunkbed
    they they cannot do with a routine mattress.

  12. If mobile marketing has not been used by you to market, you have to
    take into account this newest advertising method. Read this entire short article for some excellent
    advice and observe if it is a superb fit-for you. It might
    be the best kind advertisement that you’ve hit on yet.

  13. Non profit companies frequently have trouble advertising since they’ve restricted finances, and
    sometimes they do not actually have a storefront.
    Many nonprofits involve some sort of company vehicle
    (even supposing it’s just an employee’s individual car),
    also it is fairly-cost-effective to market on that car.

    This kind of advertisement not only develops comprehension and interest in the trigger the helps that are charitable,
    but it is also a fantastic approach to seek out possible contributors, sponsors.

  14. With simply cutting vouchers out an excellent suggestion in the event you want to work with Joules free delivery code 2015 is not to get carried away.

    Just keep vouchers that you just mean to use.
    Then you definitely must only leave it if something
    is on sale that you’re not likely to buy. So that you never need to waste more
    than you have to, time is also money.

  15. laptop bags says:

    Tired of utilizing the outdated patterned that was traditional messenger bags nz?
    You’d have observed thousands or hundreds of people carrying precisely the same fashion of totes.
    At times it becomes also challenging as there
    is hardly any distinction, to search for your own tote from others.
    In case you are a person who travels quiet often, you would have spent extra-time
    and emerge merely taking care of your bag. To relieve you from that indifference, there
    are plenty of that is trendy leather messenger bag that are offered in the market.
    Various materials are found in manufacturing these bags like linen, leather etc.
    You can pick the right Cool messenger bags nz for your-self
    as well as get noticed. Your trendy laptop bags nz may be unique just like you.

    The totes can be in truth called by you as laptop guards as your laptop is acutely
    protected by them.

  16. Although generally stuffed with more high-priced,
    gourmet items, company gift containers may be a great money maker for a side line, your gift basket company or a fresh company.
    Should you have a present-connected, craft- home based or related company of any kind, or if you
    would like to start a gift basket business up, making corporate
    gift baskets is recommended.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


Get every new post delivered to your Inbox.

Join 290 other followers

%d bloggers like this: