Product Life-Cycle Management and Wisdom of Crowds

Product Life-Cycle Management and Wisdom of Crowds published by IDC in March, 2010. This report consists of Pages: 15 and the price starts from US $ 3500.

Introduction

Abstract

This IDC study examines the concept of wisdom of crowds and provides a framework to apply wisdom of crowds techniques to the product life-cycle management (PLM) market.

"PLM applications manage several complex repeatable and non-repeatable steps of a product' s life cycle. Wisdom of crowds sourcing can optimize these complex steps by applying the appropriate intelligence collected by pool of contributors. This aggregation of intelligence can be saved as best practices for future references resulting in streamlined product development processes," says Sanjeev Pal, research manager, Product Life-Cycle Management Applications Research.

Table of Contents

• IDC Opinion
• In This Study
• Situation Overview
• Wisdom of Crowds
• Applying Wisdom of Crowds in the Ideation/Product Conceptualization Phase
• Managing Ideation and Innovation
• Prediction and Forecasting
• Applying Crowd Wisdom in the Product Design Phase
• Distributed Innovation
• Prediction Markets to Anticipate and Mitigate Risk
• Future Outlook
• Essential Guidance
• Guidance for Vendors
• Guidance for PLM Customers
• Learn More
• Related Research
• Synopsis
• Figure: Key Features in Spigit' s Platform

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