Can Connected Products be a Catalyst for Innovation?

By Jeff Hojlo – March 24, 2015
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In our Product and Service Innovation FutureScape, December 2014, our top prediction was as follows: By 2017, 70% of global manufacturers will offer connected products, driving the need for systems engineering and a cross-enterprise product innovation platform. Indeed, there will be enormous growth of connected products in the next 5-10 years, whether that is a car, refrigerator, or industrial machine: IDC projects there will be 30 Billion connected products by 2020, a CAGR of 12.5%. At the Consumer Electronics Show (CES) earlier this year, Samsung stated that they think by 2020 100% of their products will contain software enabling them to be connected.


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