PTC’s FlexPLM serves the fashion apparel and retail market, a platform that has undergone significant changes in the past 20 years. They understand that their product data is a strategic enterprise asset to help drive better decisions and are turning to our [solutions] of record to build their product data foundations.” Moving forward, the CEO said AI will be “a tailwind for our business because AI requires our systems of record and the product data stored in them to be effective.” “Its cloud-native architecture, highly scalable data model and built-in collaboration make it ideal for AI workflows with humans in the loop.” By 2015, PTC Retail became a dedicated and autonomous business unit of PTC.