STATEMENT: Configit Hosts 9th Annual Configuration Lifecycle Management Virtual Summit

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-Configit to Host 9th Annual Configuration Lifecycle Management Virtual Summit

Industry professionals will explore best practices for orchestrating configuration data for their products.

COPENHAGEN, Denmark, April 30, 2024 /PRNewswire/ -- Configit, the global leader in Configuration Lifecycle Management (CLM), today announced that the company will host its ninth annual Virtual Configuration Lifecycle Management Summit. the configuration (CLM) from May 15 to 16, 2024. To register and view the full schedule, go here.

In today's economy, customers expect more than products available on the market; They are increasingly looking for customized options that are configured to precisely meet their individual requirements. This is having a significant impact on the way manufacturers operate and is driving them to look for better ways to deal with these changes. In fact, Gartner, Inc. predicts that "by 2026, configuration lifecycle management will transform 40% of manufacturers, reducing the amount of customer-specific engineering required to deliver products."1

The 2024 Configuration Lifecycle Management Summit will explore how cross-enterprise product data integration can streamline configuration procedures and improve visibility across the value stream. By establishing a shared source of truth, organizations can dismantle barriers between sales, service, engineering and manufacturing, fostering cross-functional collaboration based on shared data.

The event brings together more than 300 industry professionals to share ideas with their peers on how to effectively manage product complexity, leverage current technologies to make better-informed decisions, and the impact AI/generative AI is having on manufacturing.

The first day of the summit will feature presentations from experts from NVIDIA, Premier Tech and PwC, who will share how their companies are using data to better drive innovation, sustainability and advancements in AI. The second day will focus more on technology, with expert-led sessions exploring the importance of centralized configuration data management to support effective digital transformation efforts.

Johan Salenstedt, CEO of Configit, said: "As customer expectations and market requirements continue to evolve, it is clear that customized solutions tailored to individual needs are paramount in today's market. To meet this demand, Manufacturing organizations must look for new ways to improve configuration processes, break down silos between departments, foster cross-functional collaboration, and drive innovation. Our annual summit provides an opportunity for industry professionals to learn from their peers and share insights. own knowledge in the midst of a rapidly changing landscape."

1 Gartner®, Top Strategic Technology Trends in Asset-Intensive Manufacturing to 2023, Alexander Hoeppe, Jonathan Davenport, Sudip Pattanayak, Simon Jacobson, Marc Halpern, Arjun Boparai, Christian Hestermann, March 31, 2023.

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

About Configit Configit is the global leader in Configuration Lifecycle Management (CLM) solutions and a provider of business-critical software for complex product configuration. All Configit products are based on patented Virtual Tabulation® (VT™) technology that has redefined product configuration by offering greater speed and better handling of complexity. Virtual tabulation enables Configit to deliver powerful, easy-to-use configuration solutions to market-leading global enterprises. Website: configit.com

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