Understanding the Business Value of Intelligent Products for Product Development in Manufacturing Industries
Type
conference paper
Date Issued
2016-11
Author(s)
Abstract
Intelligent products are transforming manufacturing industries and offer new opportunities for business innovation. As little is known about the business value of intelligent products for product development, this exploratory paper aims to provide guidance. Empirical data from case studies and focus groups and a structured literature review suggest that a positive impact on every product development stage exists. More specifically, findings propose that intelligent products enable (1) transparency generation on market opportunities, (2) specification of requirements, (3) customer- and user-centric product portfolio planning, (4) design and process planning for usage, (5) shortening and replacing of physical prototyping and field testing, and (6) superordinate benefits. With the inherent limitations of a case study approach, we supply scholars and practitioners with first exploratory insights into this emerging research field.
Funding(s)
Language
English
HSG Classification
contribution to scientific community
HSG Profile Area
SoM - Business Innovation
Book title
Proceedings of the 8th ACM International Conference on Information Management and Engineering (ICIME)
Publisher
Association for Computing Machinery
Publisher place
ACM Digital Library
Event Title
8th ACM International Conference on Information Management and Engineering (ICIME)
Event Location
Istanbul, Turkey
Subject(s)
Division(s)
Eprints ID
249293