Product Lifecycle Management (PLM) is a huge business segment with over $10 billion spent annually on PLM software systems alone. Every Fortune 500 company that has a manufacturing or process component to their business has a PLM strategy. When organizations put together their PLM strategies, they focus on the productivity improvements that can be gained through process improvements, organizational design and enabling technologies. The technologies considered normally include solutions for digital design, digital product data management and coordinating engineering work across departments and geographies, etc.