• Skip to primary navigation
  • Skip to main content
  • Skip to footer
UVMetrics

UVMetrics

discover tomorrow's top stocks... today!

  • Investing in the Digital Transformation
  • Subscribe
  • UVM Blog

How Smart, Connected Products Are Transforming Competition

by

Investing in the Digital Transformation › Forums › Research › How Smart, Connected Products Are Transforming Competition

  • This topic has 0 replies, 1 voice, and was last updated 7 years, 1 month ago by pc_admin.
Viewing 1 post (of 1 total)
  • Author
    Posts
  • June 24, 2015 at 6:41 pm #996
    pc_admin
    Keymaster

    Twice before over the past 50 years, information technology radically reshaped competition and strategy; we now stand at the brink of a third transformation. Before the advent of modern information technology, products were mechanical and activities in the value chain were performed using manual, paper processes and verbal communication. The first wave of IT, during the 1960s and 1970s, automated individual activities in the value chain, from order processing and bill paying to computer-aided design and manufacturing resource planning.

    The rise of the internet, with its inexpensive and ubiquitous connectivity, unleashed the second wave of IT-driven transformation, in the 1980s and 1990s. This enabled coordination and integration across individual activities; with outside suppliers, channels, and customers; and across geography.

    Now, in the third wave, IT is becoming an integral part of the product itself. Embedded sensors, processors, software, and connectivity in products (in effect, computers are being put inside products), coupled with a product cloud in which product data is stored and analyzed and some applications are run, are driving dramatic improvements in product functionality and performance.

    The third wave of IT-driven transformation thus has the potential to be the biggest yet, triggering even more innovation, productivity gains, and economic growth than the previous two.

    https://hbr.org/2014/11/how-smart-connected-products-are-transforming-competition

  • Author
    Posts
Viewing 1 post (of 1 total)
  • The forum ‘Research’ is closed to new topics and replies.

Footer

Design

With an emphasis on typography, white space, and mobile-optimized design, your website will look absolutely breathtaking.

Learn more about design.

Content

Our team will teach you the art of writing audience-focused content that will help you achieve the success you truly deserve.

Learn more about content.

Strategy

We help creative entrepreneurs build their digital business by focusing on three key elements of a successful online platform.

Learn more about strategy.

Copyright © 2022 UVMetrics • All rights reserved.

  • Contact Us