The Internet of Things, or IoT, is an industry- and world-changing wave of transformation for manufacturers. Software, sensors, and IP-enabled connectivity are increasingly embedded into the products we design and build. IDC estimates there will be 30 billion connected "things" by 2020. This change defines a fundamental shift in how value is created for individual consumers, and across the entire global economy.
Jim Heppelmann, PTC President and CEO, shows how the Internet of Things is changing the world, bridging the physical and digital worlds and discusses the new value opportunities for those who create, operate and service products.
What's transformative about the IoT isn't the internet itself, but the changing nature of "things" – the products that you make. Smart, connected products are generating new value in ways we couldn't imagine even five years ago – from reduced costs of production to improved efficiencies in areas like service and innovation, opening up new landscapes for invention and growth.
To compete, differentiate, and win in the IoT world, companies and organizations like yours must recognize the transformative power of the IoT – and act. You need to be ready to collect, analyze and capitalize on the information now being generated by customers, suppliers and the products themselves. You must also identify and assess potentially profitable new business opportunities that the product-generated data uncovers.
Download the Ten Strategic Questions you need to ask to make the right decisions from the cover story of Harvard Business Review, How Smart, Connected Products Are Transforming Competition.
This report explores top IoT startups and breakthroughs so far, as well as how the technology could open up new revenue streams for businesses, kick-start a health revolution, and impact on the future of smart cities and connected retail. Download now ››
Creating real business value from the IoT requires defining specific use cases. By capturing the right data from connected products, you can transform your business processes, improve operations and create strategic differentiation. To learn the top IoT use cases that will accelerate your IoT strategy. Download this eBook ››
In this research paper, written by Bill McBeath at ChainLink Research (May 2015), we look at the 10 critical questions posed in the Harvard Business Review article "How Smart, Connected Products Are Transforming Competition."
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Based on a recent Oxford Economics report, this eBook summarizes key survey findings that reveal Smart Connected Products are already transforming how manufacturers compete. Download the eBook now ›› | Request the full report ››
Smart, connected products are evolving into interconnected systems that introduce new capabilities. To learn how manufacturers are using these capabilities to achieve true, closed-loop lifecycle management, download the eBook ››