PLM AND BUSINESS PERSPECTIVES OF THE NEW PARADIGMES IN INFORMATION TECHNOLOGY.

Small to medium-sized enterprises (SME's) are significant part of the world economy but a tiny one of the PLM marketplace. The usual approach of the product lifecycle management (PLM) industry to this sector is to try to sell "PLM Light" product, in the belief that smaller companies simply need a stripped-down version of what works for large corporations. In this paper, the comparative study of conventional PLM model and Cloud PLM is given. For SME's more than any other group, costs, flexibility and performance are the key requirements when considering a Cloud computing solution as an IT infrastructure optimization alternative. [ABSTRACT FROM AUTHOR]