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The Impact of the Internet of Things on Product Development

The Impact of the Internet of Things on Product Development

IBM
Published by: Research Desk Released: Oct 17, 2019

Every day, around the world, engineering organizations explore the technological possibilities of the Internet of Things (IoT). Products have moved beyond mechanical and electrical components to include complex combinations of hardware, sensors, data storage, microprocessors and software—as well as ubiquitous connectivity. Companies that can adapt to the pace of change in our ever more connected world, incorporating and analyzing data from many various sources, enjoy an unprecedented opportunity to accelerate innovation, meet heightened consumer expectations and gain the advantage in an era that has redefined competition.