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Significance of Internet of things (IoT) in Product Lifecycle

ssodhi
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1-Newbie
‎Apr 01, 2015 10:35 AM
‎Apr 01, 2015 10:35 AM

Significance of Internet of things (IoT) in Product Lifecycle

How IoT( Internet of things) technology can help in the Product Life cycle stages e.g Introduction stage, growth stage , Mature stage and Decline stage with some use cases?

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kjadhav
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(To:ssodhi)
‎Apr 17, 2015 10:53 AM
‎Apr 17, 2015 10:53 AM

Hi Sukhdeep,
In Introduction stage the organization may want Expert System to effective marketing plans will be developed which will provide more reliability and IOT can develop Expert System.

In case of Growth stage - If most of the part attachment with each other is automated then organization will reduce the time of manufacturing then definitely products will be in Lower Prices and will increase competition.

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ssodhi
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(To:kjadhav)
‎Apr 17, 2015 11:03 AM
‎Apr 17, 2015 11:03 AM

Thanks for the overview.

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ssodhi
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(To:ssodhi)
‎Apr 17, 2015 11:04 AM
‎Apr 17, 2015 11:04 AM

What is the difference between IoT and M2M? Any significant use Case which can differentiate two concepts clearly?

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