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Cloud-Based Product Lifecycle Management (PLM) is transforming the way organizations design, develop, and manage products throughout their lifecycle. Unlike traditional PLM systems, which rely on on-premise infrastructure, cloud-based PLM solutions leverage cloud computing to provide flexible, scalable, and collaborative environments. This shift allows companies to streamline product development processes, reduce costs, and accelerate time-to-market. By centralizing product data in the cloud, stakeholders across different locations can access real-time information, ensuring seamless collaboration between engineering, design, manufacturing, and supply chain teams.

One of the key advantages of cloud-based PLM is its ability to enhance collaboration. Teams working remotely or across different geographies can work on the same product data simultaneously without version control issues. This real-time access fosters faster decision-making, reduces errors, and improves overall productivity. Furthermore, cloud-based PLM integrates advanced tools like digital twins, simulation software, and analytics, enabling organizations to predict product performance and optimize designs before production. This…