Top 5 Reasons to Invest in Engineering Lifecycle Management
With evolving needs of next-generation technologies, engineering teams are facing challenges in designing and developing smart connected products having embedded software and electronic content. These software and products are required to meet strict regulatory compliance and safety standards as even a single error in software code can have devastating consequences. They should also meet various design specifications to drive faster time to market at a lower cost, with fewer resources.
To respond to such a dynamic and impatient market, industry leaders are undertaking the Engineering Lifecycle Management approach. This helps software and system developers improve collaboration and productivity by providing a crucial view across the entire product lifecycle. With such an integrated approach, teams can easily track changes, minimize risk and reduce cost.
What is Engineering Lifecycle Management?
Engineering Lifecycle Management (ELM) is a platform that integrates your product development tools to manage requirements, modeling, simulation, testing, and collaborative workflow allows planning. It helps your team of system engineers and software developers to write higher quality requirements to avoid downstream errors and rework while efficiently responding to the change and meeting compliance needs.
ELM adds to the capabilities of standard ALM software, resulting in an automated, end-to-end solution with complete transparency and traceability across all engineering data. ELM also improves decision-making, efficiency, and overall product quality by enhancing cooperation and coordination among all stakeholders.
How your business can benefit from Engineering Lifecycle Management?
Businesses across many industries are determined to emerge from the pandemic smarter, wiser, and more resilient. To achieve these functionalities, they are looking to take the help of smarter software and product development tools that could help them deliver better business outcomes without draining on IT resources and operating budget.
ELM helps the development teams to avail such performance and stability by offering a single source of requirements data and connected global supplier networks for safe, successful outcomes.
Here are the other reasons to invest in Engineering Lifecycle Management
1. Better Management of Requirements
The teams can access an end-to-end system for managing the entire engineering lifecycle, leveraging insights and guidance from product conception to production. This helps to manage requirements better through complete systems design, modeling, and testing and ultimately achieve enterprise scale.
2. Consistent Collaboration
While working from home is still in need of the hour, the engineering teams need to constantly connect and track progress across work items. ELM provides you the tools to enable consistent collaboration supporting multiple technologies, platforms, and processes to deliver value across teams, roles and disciplines.
3. Strengthens Decision Making
ELM provides flexible change management with different views and allow access for different roles, no matter a software engineer, system architect, or product manager. This single window of information allows teams to control and sync different projects at different paces. With complete visibility and traceability, teams can develop a deeper understanding of the test cases and make better decisions across systems and throughout the product lifecycle.
4. Reduce cost and improves productivity
ELM enables integrated testing and lifecycle traceability providing a complete view of updated data right from requirements to release. Thus teams can bifurcate or merge all the engineering data improving productivity and reducing the cost of product development.
5. Prepares your business for future
ELM platform integrates easily with any application that uses OSLC to connect objects, allowing developers to scale engineering operations and handle more complex projects with improved delivery cycles. The teams can even reuse components to increase the efficiency of the product line engineering and integrate compliance as the by-product of the development process.
What’s next in 2021?
Development teams are indeed under the workflow allows constant pressure of delivering enhanced software products and creates a breeding ground for innovation with the ability to scale. Hence business leaders are turning towards digital transformation to optimize their software and product development.
If your business is looking to reimagine the development process, we can be your perfect technology partner. iLink digital has helped enterprises to emerge as more competitive and prepared for the dynamic market changes with lasting business value.