Product Information Management (PIM) is a fast-growing discipline enabled by PIM platforms. While the current market for PIM platforms is much about supporting a consistent in-house management of the information related to product models we make, buy and sell, there are new opportunities arising. Three of them on my radar are:
Internet of Things (IoT)
With the rise of IoT and the related theme Industry 4.0 we will in the future not just have to deal with the product model but also each physical instance of that product. As an example of how many product groups that might embrace, read about that IKEA is thinking about embedding its furniture with artificial intelligence.
The recent buzzword in the chain starting with “supply chain” and going over “value chain” is “value web”. Learn about the arrival of continuously evolving business ecosystems and value webs in this article from Deloitte University Press. Product information management encompassing business ecosystems will be imperative in value webs.
Product Data Lake
This is in all humbleness my venture by having launched a PIM-2-PIM platform that deals with the current main pain in product information management, being exchanging product information between trading partners. We do that in an agile and automated way by supporting partnerships in value webs and are soon adding things to Product Data Lake.
Get into the game by registering for a trial account on Product Data Lake.