Today’s groundbreaking products are more complex than ever before. Innovative new designs must leverage a combination of mechanical, electrical, software, and connectivity – requiring a robust, multidisciplinary approach to product development that starts as far back as defining requirements. To beat the competition, today’s cutting-edge products must be released to market faster, with better quality, at a lower cost, and with more desirable features.
These demands require companies to improve collaboration across more of the organization throughout the product’s lifecycle. And when a product is smart and connected, the data generated throughout its lifecycle no longer ends once the product is shipped. New Internet of Things technologies enable companies to capture and leverage information about a product’s performance during operation – with the potential to dramatically improve existing and future products.