The impact of the Internet of Things on product development

Every day, around the world, engineering organizations are exploring the new technological possibilities of the Internet of Things (IoT). The IoT is changing consumer behavior and expectations. Today’s products have moved beyond mechanical and electrical components to now include complex combinations of hardware, sensors, data storage, microprocessors, software and ubiquitous connectivity. Product development in the IoT world is requires proactive development processes that include feedback loops as early and as often as possible in the design process. Companies that can adapt to the fast pace of change in this IoT world have an unprecedented opportunity.