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Big data has radically changed the accounting profession. They are also using more advanced dataanalytics tools to make more meaningful insights into the nature of their clients’ financial matters. The lease accounting profession has been particularly influenced by advances in big data. Image source: Visual Lease.
Although many publications compare product datamanagement and product life cycle management — commonly framing the debate as “PDM versus PLM” — that can create confusion. The functionality referred to as a product datamanagement framework is more accurately a subset of a product life cycle management framework.
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