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IoT Enabled Smart Products
Enabling our client by strengthening product development process & extended R&D team

IoT Enabled Smart Products

New Product Development in manufacturing is becoming competitive, with new players bringing innovative ideas to reality. This is being expedited by investment firms who are betting big on innovative solutions.

Customer’s demand for differentiated products is ever increasing. Product lifecycles are getting shortened. Fourth Industrial revolution has not remained limited to factories but it has transformed the way products were being seen earlier. Today products have started seeing, speaking and communicating with each other and with their users.

Customers have started thinking on total cost of ownership of the products and hence “shared” products are becoming another norm in the industry. This rapidly changing scenario has led R&D heads to redefine the product development processes & strategies, they need to increase their investment and at the same time cut down Time to Market and Cost of product and product development. R&D IT budget is no longer controlled by CIOs, it’s being merged with the Product development budget with CTOs & R&D heads.

Latest technologies are not only changing the products but are also transforming the way products are being developed.

Tech Mahindra can partner with our clients and help them Rise in their business by:

Work as an extended R&D team in Product Development

When we interact with R&D heads, we understand that they prefer to concentrate on the CORE R&D projects. But typically 20 -30% of their manpower is engaged in NON-CORE projects.

For one of the leading European Auto major we are even undertaking complete responsibility of design and development of vehicle top-hat for 6 vehicles in a vehicle platform.

Strengthen Product development process & re-define R&D IT backbone

Today most of the organizations are facing challenges in deriving R&D IT roadmap. Mergers & Acquisitions and alliances bring many organizations together to co-develop a product but each organization come with their legacy IT systems which makes sharing of designs, models, documents very difficult. It also makes the project management’s job very challenging, as he has to go through multiple software to know the status of product design and development.

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