Summary report from PA’s IOT product development symposium
The Internet of Things (IoT) is not just about technology, but having a broader vision encompassing the system, stakeholders and technology. This means extending your relationships with customers, acquiring new skills and building business partnerships.
Like many technology innovations, the IoT has attracted a great deal of hype but it is now mature enough for the opportunities and threats to be apparent. Businesses need to think differently about the whole product development process and take a much broader view. Rising to this challenge will create many potential ways to generate extra revenue with new products and services - ignoring it risks business failure.
PA Consulting Group and University of Cambridge held a joint symposium to discuss the implications of this emerging area. Our report discusses some of the key themes, conclusions and radical new business concepts that arose at the event.
This report will help you to:
- understand the impact the IoT could have on your business
- think about how changes could affect your stakeholders
- review your product design framework
- assess how to fill capability gaps in your team
- evaluate the technology you need to implement the changes.
Download our 'Internet of things in product development' report using the form on the right.
To find out how PA can help you develop an IOT strategy as part of your product development, contact us now.