Seizing opportunity with software-enabled products
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?
Today’s products will not meet tomorrow’s needs
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.
Innovate often for a customer-first transformation
Developments in 5G, IoT and Edge are speeding up software and Smart Connected Products. The key is to focus on the right things to transform your business and reinvent and utilize technology advances to stay relevant to the vision of future products.
Have a North star vision and strategy centered around a common purpose and understand how this strategy drives value for the business.
Though the business model, operating platform and capabilities may change, leverage the alliance partners and ecosystem to deliver shared value.
Develop a strategy & vision for products that drive sustainable growth & articulate it to build sufficient investment capacity & enhance productivity.
We break down engineering and technology silos by expanding company cultures to help them grow. Our behavioural experts know change management, our technology experts understand opportunities and limitations, and we deliver viable business models.
We offer smart connected solutions & design-relevant features, combining physical objects & digital services for personalized offerings & convenience. Read more.
We help you transform and maintain a competitive edge in the market by providing overarching business case and investment strategies.
Product & Organization Transformation
We help you translate your product strategy to an efficient, effective delivery organization to reduce waste, enhance productivity and sustainability.
Product Engineering Services
From engineering consulting and design to embedded software, we provide the design and engineering services and collaborate with companies to develop their products. Read more.
Alliances & partners
We work with a global network of market leaders and innovators to give you the ability to move quickly and scale faster, with unrivalled access to top talent, technology, and expertise.