Tag: smart connected products

Wearable Tech Increases Productivity & Safety for Mobile Workers

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When personal computers became commodity products—low cost means to access data and information—and began to be widely used in the workplace, they ushered in major gains in efficiency for desk workers by providing a wide range of productivity, communications, and data storage tools. Today, service workers and others who have jobs that take them outside the office have achieved many …

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5 Ways Smart, Connected Products Impact Your Value Chain

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Two decades ago, Professor Michael Porter of Harvard Business School introduced the concept of a value chain; a set of activities that an organization carries out to create value for its customers. Since its inception, the value-chain model has been seen as a useful tool to not only help manufacturers understand the factors that impact the long-term profitability of their …

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Top 5 Smart, Connected Product Strategy Mistakes

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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 …

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IoT Evolves Toward More Effective Security

IoT Evolves Toward More Effective Security

If the Internet of Things (IoT) is dominating almost every conversation about technology, then security is most definitely top of mind in most IoT discussions, from redefining security principles and helpful tips on securing data, to alarmist allegories predicting the IoT’s impending doom. The fact is that security is paramount for the safe and reliable operation of smart, connected products. There must be robust security management systems put in …

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Trane Customers Get Better Air and More Value with Intelligent Services

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Trane, as their website asserts, is “all about air – cool air, warm air, clean air.” And it’s no unfounded claim. Industry-leading products that Trane offers for heating, ventilation, and air conditioning help ensure air comfort in homes and buildings worldwide. Yet the main area of concern for Trane commercial customers is really not the quality of their HVAC systems …

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Why Smart-Home Hype Misses the Point

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All the hype around quirky gadgets for the smart home may be grabbing headlines, but it’s not where the real value lies. That’s according to Daniel Obodovski, an industry leader in the wireless and high-tech sector and author of The Silent Intelligence: The Internet of Things.  Obodoviski was a keynote speaker at the Product Innovation Congress in San Diego late last …

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Standardizing Tech’s New Wild West, the IoT

According to futurists like Google’s Ray Kurzweil, the rate of technological innovation is accelerating. Kurzweil’s theory suggests the Internet of Things (IoT) will mature much faster than the evolution of the traditional Internet. Much of the requisite technology—including sensors, chips, transmitter, and app development environments already exists today. Toolkits are available to fast-track development for startups and DYI “makers.” As I mentioned …

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Germany’s Challenge with Industrie 4.0

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Smart, Internet-connected systems in the Internet of Things (IoT) and technological advancements in areas like robotics is making manufacturing more automatic, digitized, intelligent, and networked. Germany, a country where manufacturing represents about 24 percent of overall economic performance, realized the potential of connected devices early on. In 2011, the government launched its Industrie 4.0 initiative; a high-tech strategy which promotes the …

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IT Drives Next Wave of Products and Manufacturing

IT Drives Next Wave of Products and Manufacturing

New research, published today in Harvard Business Review online, shows how IT and smart, connected products will transform the manufacturing sector. The study, a collaboration between Jim Heppelmann, CEO of Boston-based tech company PTC, and Michael Porter of the Harvard Business School, takes a deep dive into what its authors term “the third wave of IT-driven transformation” and uncovers the myriad ways in which manufacturers …

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Can the IoT Reduce Your Clutter?

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Over the past 30 years, the square footage of American homes has increased by over 50 percent. There’s a lot to unpack in that statistic, from urban migration to income to personal tastes, but when we consider the sheer amount of stuff we cram into our homes it’s hardly surprising. In fact, we have greatly increased our household possessions, and …

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