Choosing Between On-premises and Cloud-based Product Information Management
Organizations are redefining Product Information Management (PIM) capabilities and rethinking how to deploy a PIM system with greater flexibility and agility.
FREMONT, CA: Product Information Management (PIM) capabilities are getting redefined, and organizations are reconsidering how to deploy a PIM system with greater flexibility and agility. Today, more than 80 per cent of businesses have used a multi-cloud approach. Organizations appear to be attracted to the PIM cloud as a potentially lower-cost and lower-risk alternative to traditional PIM deployment. However, both solutions must be thoroughly examined to determine whether they are more adaptive and profitable. On the other hand, most businesses struggle to find the best deployment choice to fulfil their objectives. Making the wrong deployment decision can lead to underutilization, poor performance, low quality, and high expenses, all of which can stymie company goals.
Before implementing PIM, businesses must conduct an internal requirement analysis to include features, performance, cost, and new value addition. The analysis would also assist in identifying relative maturity levels and gaps in the existing model and process functionalities. It is advised to calculate the return investment for on-premise PIM software as well so that the business objectives and investments are aligned. In comparison to on-premise, the cloud approach provides more flexibility, process efficiencies, tools, and automation which in turn enables to save money on operational costs. Moreover, it is recommended to examine the capabilities on the necessary yardstick that demonstrate PIM’s capacity to execute at a level of service quality and cost that meets every business objective. However, performance varies significantly among PIM providers.
One of the most prominent features of a successful PIM implementation is that it is linked to the overall enterprise IT strategy of an organization. Therefore, instead of attempting to resolve everything at once, businesses must concentrate on defining critical PIM actions that must be completed to adopt and operationalize the cloud plan. Besides that, the project’s success depends on the alignment of teams and departments. They must also connect with high-level business strategy and consider the direction from stakeholders and other staff members who are making the decisions on how to implement a cloud-based PIM. This can then increase end-user adoption of cloud-based PIM systems and empower organizations to gain the trust of key stakeholders throughout the cloud-based PIM vendor selection and deployment processes.