Current economic scenario demands for faster and continuous innovation for survival. With these demands on Innovation, organizations don’t find required knowledge at times. Also to add to it, there is a considerable loss of knowledge due to aging of workforce. Most of this knowledge is Tacit and is not expressed in clear terms.
To get most out of Engineering/ PLM / PDM system, it is important that Innovation proccess are set correctly and involve processes to properly capture knowlege throughout the life cycle of product.