The impact of IoT on product development and management
Aug 2, 2016
Paper | August 02, 2016
A rising complexity of products, an on-going digitization and an accelerated shift of market demands lead to a rapidly rising number of uncertainties in business and technology environments. The Internet of Things (IoT) offers many potential opportunities and benefits to both manufacturers and customers. The paper aims at integrating knowledge from the diverse fields into a comprehensive, practical approach for the development and implementation of the products and services using IoT technologies.
The research focused especially on the needs and challenges of innovation and product managers who have to find ways to cope with rising uncertainties and the problem of increasingly complex business environments and digitalization. Therefore, this paper presents first learnings that guides practitioners through implementation of industrial IoT and its impact on new product development and management. It gives them guidance on how the company's IoT project could be linked with its new product development initiatives.
Authors Julius Golovatchev, Prodip Chatterjee, Florian Kraus, Roger Schüssl
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