The cloud has leveled the playing field for companies to gain access to large enterprise-class business software. But it's just starting to become aggressively touted as a way to put product lifecycle management (PLM) functionality into the hands of small and medium businesses (SMBs), too. For the better part of two decades, PLM platforms have become widely entrenched in the engineering organizations of the leading aerospace giants, and by top-tier suppliers in the automotive supply chain, among other industries. The traditional, monolithic on-premise PLM system has been much slower to gain ground, however, in small- and mid-sized engineering businesses, which have had trouble digesting the technology because of its relative high cost and complexity.
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