IoT Use Cases for Product Development

 

As an Engineer or Product Leader, You Are Driven to Reduce Costs, Accelerate Product Innovation, Enhance Product Features, Improve Product Quality and Get to Market Faster.

IoT Use Cases for Product Development


  • Connected Product Usage Analysis – Analyze and benchmark product performance and usage data collected through remote connectivity with sensor-equipped products or systems to inform and improve product requirements definition, prioritization of features, options and variants, life cycle costs, and supply chain coordination and planning.

  • Connected Product Quality Analysis – Continuously analyze field data collected through remote connectivity with sensor-equipped products or systems to improve root cause analysis and corrective actions, product quality, reliability and safety, preventative maintenance, and service.

  • Connected Software Management – Remotely identify and manage the as-maintained configuration of fielded products, systems and assets; control and automate the release of software updates and security patches by securely distributing packages of software files and instructions remotely.

Common IoT Metrics for Product Development:

  • Shortened time to market

  • Improved product failure rate (e.g. MTBF, mean time between failure)

  • Reduced number of recalls, warning letters, and audits

  • Reduced product development and product costs

  • Improved equipment up-time and product quality


ecoATM

ecoATM is the first company to create an automated self-serve, kiosk system for buying back and recycling consumer electronics. ecoATM is using the ThingWorx IoT platform to provide them with the deployment tools they needed to keep kiosks located in retail environments up to date with the latest software updates without the need to dispatch technicians.