Speaking of the basics, product development is a process to create a product for commercial purposes with a combination of existing & new technology. Needless to say that the Fourth Industrial Revolution has manifested the product development process in a new version altogether that includes vitals like digital manufacturing, virtual modeling, embedded computing, artificial intelligence, and so on.
List of IoT product development services
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Design and engineering
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Hardware and firmware development
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Prototyping
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Manufacturing Support
Some of the components required to develop an IoT product are Physical devices, data extraction, and sensors.
Our standard process for Product Development
As per veterans in the field of product development, the end-to-end procedure for the completion should be set as a standard. Therefore, based on that we at Annanta believe to create our procedures around such veteran knowledge.
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Laying the foundation - This includes gathering information, analyzing
current practices and benchmarking with good practices, and attempting to understand hurdles in the execution.
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Focus to gain initial commitment - Selling the idea of product
development to senior management, keeping a note of management’s concern, detailing of activities per stage, creating an
implementation plan, and finally obtaining a budget to implement the process.
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Impactful change - This includes training management, ensuring to develop
tools to support the process.
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Bringing transition - Seeking continual feedback, analyzing it, and
taking appropriate action on it along with improving tools.
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Monitor & improve - This final process includes seeking improvements
in tools & product development activities and refreshing the process whenever needed.
After all evolution is a key to progress!
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