Tech-Clarity Spotlight: A Ten Point Guide for Using the Internet of Things to Change the Game for Your Business offers ten tips for companies looking to take advantage of the Internet of Things (IoT). The IoT offers great potential for companies to bring new innovations to their products, but it came be difficult to know where to start. These ten tips provide guidance to help companies get started with the IoT.
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The New Product Development Imperative
With intense global competition, many of today’s product companies struggle to set themselves apart from their competition. The Internet of Things (IoT) offers exciting options for innovation through new business models and services that create new revenue opportunities. Companies that successfully take advantage of this disruption have a chance to create a competitive advantage and bound ahead of their competition. The challenge is knowing where to start. Businesses may even need to rethink their business aspirations and how they create revenue. To be successful, businesses must consider how they transform their business model, the infrastructure they need, and the impact on engineering. Tech-Clarity offers the following ten tips to help companies transform their business to take advantage of this opportunity and prepare for growth and profitability:
- Rethink Products
- Consider Delivery Models
- Improve Customer Experiences
- Keep it Secure
- Support Standards
- Identify and Manage Requirements
- Derive Insight with Analytics
- Enable Reuse
- Continuously Verify and Validate
- Plan for Future Revenue