Developing Smart Product Ecosystems to Transform Your Business and Leapfrog the Competition

The Internet of Things (IoT) is transforming the way companies do business and deliver value to customers. Harnessing the power of smart interconnections between systems and assets by deploying smart product ecosystems is creating new product lines and recurring revenue streams, increasing operational efficiency, improving product life and quality, reducing equipment downtimes, and enabling faster time-to-market.

But what does it take to achieve these results?

To start, one needs to appreciate that smart connected product design requires a different mindset. You’ll need to consider a new set of requirements that don’t exist in traditional product development. Things like hardware requirements and sensor placements to connectivity options, firmware updates, remote device management, integration of machine learning, and data analytics to create a system of systems. There is also a vital need for security across the system.

So you have the connected product design, now what?

While some companies have a connected product vision, it’s unlikely they have everything it takes to quickly and securely develop scalable software to move their product from disconnected to connected. This next-generation design requires quick iterations to find the best product-market fit with feature mix and create end-user experience while reducing development and operating costs.

Leveraging more than 37 years of simulation, HPC, and AI knowledge and technology, Altair helps companies realize their Smart Product Development vision from beginning to end – from idea to production, from operation to process, and product optimization.

To help product development groups build web and mobile applications to complement their physical products and help the operations team streamline their process we developed Altair® SmartWorks™ IoT. This platform provides everything a company needs to move fast, scale-up, and stay secure.

One customer, Toggled leveraged SmartWorks IoT to develop a connected product ecosystem including building a complete front end, back end, and edge computing architecture. With this, Toggled’s customers can now manage users, onboard devices, manage to compute workloads in their gateway product, develop building automation, and optimize energy usage

Join ALTAIR at IoT World Congress to hear Dan Hollenkamp – COO, Toggled, share their journey leapfrogging from an LED lighting company to provider of an intelligent connected lighting and building management solution. Toggleddelivers their customers new opportunities to save money and improve comfort, while complying with all the necessary regulations.

For free passes to the congress and the expo, please register at our event page. We look forward to welcoming you to IoT World Congress 2022.

Pedro Mier

Pedro Mier holds a degree in Telecommunications Engineer ing from the Polytechnic University of Catalonia, MBA from ESADE and PADE from IESE. He is currently President of AMETIC (Association of Electronics, Information Technology and Telecommunications Companies of Spain), Shareholder and Chairman of the Board of Directors of TRYO Aerospace & Electronics, Board Member of the Premo Group and Committee of CTTC. member of Space Angels Network and Member of the Sc ientific Advisory