Smart connected product design & development

IoT-connected, software-enabled devices offer extraordinary opportunities for business: recurring revenue, customer loyalty, and higher margins. And this is true across many industries, from connected wearables to monitor our health, to software defined vehicles and robots to streamline warehouse operations, to name just a few.

But for many companies, seizing these isn't always easy. Creating a "smart, connected product" requires entrepreneurial will, digital savvy, and organizational change. How can businesses master all three—and then shape and execute a strategy for success?

Consumers expect more intelligent, smart connected, autonomous, sustainable, and tailored products as products are increasingly becoming more software defined. As a result, industries are under constant pressure to transform their businesses and continuously reinvent their physical and digital product offerings. However, constantly evolving and reinventing products can prove challenging unless you have a software defined platform to underpin this evolution.

The organizational structures, operating models, technology stacks, and engineering capabilities that currently support the firm will not support future products. That’s why there is an increasing need for companies to transition from pure hardware models to software-defined businesses.