PLM 4.0 – Recalibrating Product Development and Management for the Era of Internet of Everything (IoE)

Abstract

A rising complexity of products, the ongoing digitization and an accelerated shift of market demands lead to a rapidly rising number of uncertainties in business and technology environments. The Internet of Everything (IoE) offers many potential opportunities and benefits to both service providers and customers. This paper aims to integrate knowledge from diverse fields into a comprehensive, practical approach for development and implementation of products and services using IoE technologies. The research focused especially on the needs and challenges of innovation and product managers who have to find ways to cope with rising uncertainties and the problem of increasingly complex business environments and digitalization. Therefore, this paper presents first learnings that guides practitioners through implementation of industrial IoE and its impact on new product development and management. It gives them guidance on how the companies' IoE projects could be linked with its new product development initiatives.

A Systematic Mapping: Exploring Internet of Everything Technologies and Innovations

“…Business Strategies: Researchers [47][48][49][50][51] have extended IoE research into the realm of business strategies. Together these, research initiatives explore the transformative potential of the IoE in various business contexts.…”

“…Researchers explore how the IoE impacts business models and value creation [48]. Additionally, studies evaluate the implications of the IoE on marketing analytics [49], new product development, and management [50]. Approaches for determining objective and subjective weights in decision making are also introduced [51].…”

“…PS38: Golovatchev et al presented the first findings that guide practitioners through the implementation of the industrial IoE and its impact on new product development and management [50].…”