Digital Product Development

The article highlights significant findings from the IoT Commercialization & Business Model Adoption Report 2024 regarding the extended time to market for OEMs developing connected products. Here are the key points summarized: Increase in Time to Market: The average time for OEMs to bring connected products to market has increased by 80% since 2020, now standing at 41 months from project kick-off to the first paying customer. Factors Contributing to Longer Time to Market: - Product Complexity: Integration of advanced technologies like additional sensors, local data processing, and complex network...