There’s a lot of talk (some claim real and some say hype) at the moment about IoT or Internet of Things, and it’s bringing various new challenges and opportunities to product development. The buzz about IoT and smart products is going to increase, particularly for those supporting a PLM or ERP environment for product development. With IoT fast becoming a reality with Products and transforming these products to ‘Smart’ and ‘Connected’ devices, organizations are being compelled to redefine the lifecycle of products and change the way products are designed, and maintained. In order to enable seamless information flow from product conception to its end, the PLM processes and technology need to change significantly.
Providing increasingly software-controlled products with sensors and connecting them via the internet has already reached breakthrough levels of acceptance. And with the Mechanical, Electrical, Electronic and Software systems becoming more intertwined in the process, IoT and PLM are bringing new opportunities for various stakeholders with the potential of transforming all existing Business Models. There are three main areas of benefit for manufacturers associated with the internet of things—the design, development, and manufacture of products; tracking and improving products throughout their lifecycle; and the management of the assets used in the process. Here’s how.
In Product design and testing – When supported by IoT, connected sensors on product components have the capacity to deliver detailed information about the performance of product and materials in real-life conditions. Manufacturers of aircraft, cars, train engines, and other transportation machinery place devices on engines, can easily determine their durability, performance, and other critical values.