Modular Management Identified as a Sample Vendor in the Gartner® Hype Cycle™ for Advanced Technologies for Manufacturers, 2023 for Configuration Lifecycle Management
STOCKHOLM, Sweden – September 28, 2023 – Modular Management, the global leader in Product Architecture and Configuration Lifecycle Management, today announced the company has been recognized as a Sample Vendor in the Gartner® Hype Cycle™ for Advanced Technologies for Manufacturers, 2023.1 Aimed at helping Technology Leaders gather relevant information that supports their intentions to stay at the forefront of product and manufacturing innovation, this Hype Cycle offers a 10-year outlook on the most pertinent and transformational technology for manufacturing.
Gartner identified Modular Management as a Sample Vendor in the Configuration Life Cycle Management category. In the report, this category has been recognized as an emerging technology with an estimated 5-10 years to mainstream adoption. A critical component of enabling true Configuration Life Cycle Management is an information model, managing the product architecture with centralized and integrated configuration rules, empowering communication and collaboration among internal and external stakeholders.
Additionally, Modular Management is recognized as a Sample Vendor in the Mass Customized Discrete Manufactured Products category with an estimate of 2-5 years to mainstream adoption. This customer-centric business method encompasses the design, manufacturing, and delivery of products personalized by customers based on predefined features and constraints. This approach increases competitiveness and brings additional customer values with less impact on time, cost, and complexity.
According to the report, “As manufacturers strive to increase operational excellence and employee productivity, the IT infrastructure advances presented on the prior Hype Cycles are fundamental to the insights, predictive capabilities and productivity enhancements presented on this 2023 Hype Cycle…. Manufacturers that are not investing today will be competitively challenged.”
“The inclusion in the Gartner Hype Cycles across two different technology categories underscores the importance of applying strategies and methodologies to manage complex products efficiently. As a SaaS software vendor and advisor, we’re committed to providing solutions and connecting the threads needed to drive digital transformation end-to-end and master the art of managing product configurations across the entire life cycle.” Says Fredrik Erbing, Executive Vice President of Modular Management.
At the forefront of technology for strategic, data-driven product management, Modular Management has been for over 25 years improving its customer’s operations, efficiency, and profitability through product architecture configuration and modularization. Central to this offering, PALMA provides a single source of truth that connects an organization’s CLM from end to end in a SaaS cloud solution.
For more information on the Hype Cycle and why this recognition is important for the future of manufacturing, download our Hype Cycle summary.
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