Description: Platform Lifecycle Management (PLM) in the context of Cloud Services and PaaS (Platform as a Service) refers to the comprehensive process of managing all stages of applications and services developed and operated on a cloud platform. This process encompasses everything from the initial conception of the application, through its development, deployment, maintenance, and eventual retirement. PLM is crucial for ensuring that applications remain updated, secure, and efficient throughout their lifecycle. It includes resource planning, version management, performance monitoring, incident management, as well as integrating new functionalities and phasing out obsolescence. PLM enables organizations to optimize their cloud operations, reduce costs, and improve customer satisfaction by ensuring that services are reliable and aligned with business needs. In a PaaS environment, where developers can build, test, and deploy applications without worrying about the underlying infrastructure, lifecycle management becomes an essential component for maximizing the value of technology investments and ensuring agility in service delivery.
