Best PracticesFeed

Top 5 Smart, Connected Product Strategy Mistakes

477915113

In the November cover story of Harvard Business Review, How Smart, Connected Products Are Transforming Competition, authors Jim Heppelmann, president and CEO of PTC, and Professor Michael Porter of the Harvard Business School, examine how the changing nature of products is altering industry structure and the nature of competition. According to the research, smart, connected products are enabling breakthroughs in operational …

Posted in Best Practices, Executive View, Smart Connected Products | Tagged , , | Leave a comment

What Can We Learn From Systems Engineering Failures?

485206677

In the world of Silicon Valley startups, failure is a state which, if not cherished, is at least celebrated. “Fail early, fail often” is the startup mantra. There’s even an event where you can commiserate with other losers: the annual FailCon event. The key is, to fail quickly and at low cost. So what happens when you fail slowly, with …

Posted in Application Lifecycle Management, Best Practices, Best Practices | Tagged , | Leave a comment

Smarter Products: Finding Value for Manufacturers

IoT growth

Welcome to part three of this blog series on software–enabled innovation. In my previous blogs I touched on how technology in the manufacturing space has progressed and how the growth of software has led to the emergence of the Internet of Things (IoT). Now let’s take a look at how manufacturers can embrace these technological advances to unlock new business …

Posted in Application Lifecycle Management, Best Practices, Best Practices | Tagged , , , | Leave a comment

Software Critical to Smart-Products Manufacturing

Smart Products Manufacturing

In my previous post, Manufacturers Reshape for Smart-Product Future, I discussed how and why consumers are demanding smarter, connected products. It’s this demand that’s created an explosion of software and networks. New technologies, applications, and devices are spanning across all types of industries from aerospace and defense, agriculture, and automotive to high-tech, medical devices, and many more. Did you know that there are …

Posted in Application Lifecycle Management, Best Practices, Best Practices | Tagged , , , | Leave a comment

Manufacturers Reshape for Smart-Product Future

Software enabled innovation

Software is changing the way we connect, interact and conduct business; and it’s changing on a global scale. Embedded software has existed for some time, but with the emergence of smart, connected products, manufacturers are having to reshape their business models to take advantage of new opportunities. Products today are no longer just physical or mechanical; they often have sensors and …

Posted in Application Lifecycle Management, Best Practices, Best Practices | Tagged , , , | 1 Comment

5 Key Challenges Manufacturers Face with the IoT

SCP manufacturing

The transformation of manufacturing around smart, connected products and the IoT is not a question of if, but when, and manufacturers have hard-earned advice for newcomers considering a move towards building, operating, and supporting these new technologies. Cisco sizes the IoT (Internet of Things) as a $19 trillion market opportunity, delivering new value to customers through an extended product life and …

Posted in Best Practices, IoT, Technology | Tagged , , | Leave a comment

Using Lean Strategy Beyond Manufacturing

Lean strategy beyond manufacturing

Your son cuts his lip from an inadvertent elbow while playing basketball in the local neighborhood courts. One look is enough for you to see that the bad gash just above the upper lip will need stitches. You take him to the ER to get the work done. The time is 4 P.M. on a Friday. You go expecting to wait up …

Posted in Best Practices, Best Practices, Service Lifecycle Management | Tagged , , , , | Leave a comment

How IoT Ready is Your Company?

175861511

The “Internet of Things” (IoT) is a hot topic, discussed and debated greatly over the past two years. Companies like General Electric, IBM, and even Google with its acquisition of Nest Labs have already rolled out strategies to capture large segments of the market. Companies looking to get into the IoT business have to make sure their future strategy for dealing with …

Posted in Best Practices, Executive View, Smart Connected Products | Tagged , , | 1 Comment

Should Your Company Enter the IoT Business?

160910389

The number of smart “things”—from thermostats to refrigerators to smart clothes—is growing thanks to demand in the consumer market. Gartner predicts that by 2020, about 26 billion smart, connected products will be in service. That’s an average of 3.3 devices for every person on the planet, not including the projected 7.3 billion smartphones and tablets that will be available. But don’t …

Posted in Best Practices, Executive View, Smart Connected Products | Tagged , , , | 2 Comments

Integrating Systems Engineering Into PLM Practices

Systems engineering and PLM

I recently sat on a CIMdata panel in Frankfurt, Germany. The discussion was geared toward industrial end users and focused on the integration of systems engineering into PLM practices.  One of the biggest questions posed to the panel: What are the benefits of integrating software development and systems engineering with mechanical design and PLM? When a company’s main goal is to improve the way …

Posted in Application Lifecycle Management, Best Practices, Best Practices | Tagged , , | Leave a comment