Answer:
There are many potential benefits of switching to a cloud-based PLM system for a start-up company, including:
1. Increased Efficiency: A cloud-based PLM system can help a company to become more efficient by automating tasks and processes that are currently done manually. This can free up time for employees to focus on other tasks.
2. improved Collaboration: A cloud-based PLM system can improve collaboration among employees by providing a central repository for documents and data. This can help to avoid duplication of work and improve communication.
3. Reduced Costs: A cloud-based PLM system can help to reduce costs by eliminating the need for expensive on-premise hardware and software. Additionally, a cloud-based system can be accessed from anywhere, which can save on travel costs.
4. Increased Flexibility: A cloud-based PLM system can offer increased flexibility by allowing employees to access documents and data from any location. This can be particularly helpful for companies with employees who work remotely.