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The impact of the Internet of Things on product development

White Paper Published By: IBM
Published:  May 03, 2016
Type:  White Paper
Length:  12 pages

The impact of the Internet of Things on product development: Discover how to transform your engineering processes and tools to gain a competitive advantage from the Internet of Things

Every day, around the world, engineering organizations are exploring the new technological possibilities of the Internet of Things (IoT). Today’s products have moved beyond mechanical and electrical components to now include complex combinations of hardware, sensors, data storage, microprocessors, software and ubiquitous connectivity. Companies that can adapt to the fast pace of change in this IoT world have an unprecedented opportunity to accelerate innovation, meet increasing consumer expectations and gain advantages in a new era of competition.

But to succeed in the IoT world, companies also have to reexamine the entire way they do business. Traditional problems can now be approached in a completely novel way, which can be hugely disruptive to incumbent players. Small startup companies with a good idea and a little crowdfunding are growing into global businesses within a matter of months. The ability to be first to market with innovative offerings is more important than ever. To do this, companies need to use the IoT innovations to revitalize their own development, manufacturing and operational processes.

Continuous engineering can help manufacturers transform their business models to take advantage of the opportunities offered by the IoT, while enabling engineers to address the challenges of developing the next generation of smart products. This white paper explores how you can use the best practices of continuous engineering to harness the power of the IoT and increase the pace of innovation to obtain a strategic advantage.