The Internet of Things (IoT) is changing how manufacturers design and develop products. From industrial and medical equipment to consumer goods, the products we use today are becoming increasingly connected and smart. While the IoT brings new revenue opportunities for manufacturers, there are also new product development challenges that can eat into profitability.
Product development experts Peter Bilello, President of CIMdata, and David Hofer, Electrical Technical Specialist at Fisher Unitech recently spoke about how to address such challenges at an Automation Alley Industry 4.0 Tech Takeover event in Troy, Michigan on July 19th. In this blog, we provide an excerpt from CIMdata’s commentary summarizing the event and topics discussed.READ MORE