Adding smartness and connectivity to existing product characteristics introduce new fields of application and features that can be differentiated into monitoring, controlling, optimisation and autonomy.…
Category: Business Model
The business model and strategic considerations are a critical component in an IoT or M2M project.
The source for the following discussion is the figure “The new technology stack” in the article “How Smart, Connected Products Are Transforming Competition” by Porter…
Digitalization is on the advance and with it the transformation has a boom. The horror stories of disruptive business models are giving entrepreneurs sleepless nights.…
Smart, connected products includes components forconnectivity as well as physical and smart components. These three coreelements complement each other to create value. The smart components…
Smart, connected products lead to a new infrastructure and generate valuable data. Therefore, a transformation or restructuring of traditional company functions is unavoidable. This starts…
Smart, connected products are hybrids, because they are composed from parts of the physical and digital world. As a result, in the Internet of Things,…
At the beginning of every application for the Internet of Things there is an idea how a previously unknown value can be created or the…
For traditional products, companies lose access after the product has been delivered to the customer. Smart, connected products provide access to data which is collected…
The reason why digitization and the Internet of Things are the inevitable topics of the future in all sectors has already been discussed many times.…
Corporate strategy has always been the foundation for gaining a competitive advantage. In the course of their research Porter and Heppelmann identified 10 new strategic…