INTELLIGENT PRODUCTS REPORT
INTRODUCTION
Intelligent Products
Intelligent Products take many forms and are redefining the relationship between manufacturers and end users
Intelligent Products take many forms and are tough to define . A custom t-shirt in colours chosen by a consumer and shipped to their door is an Intelligent Product . So is an industrial machining unit using sensors and IoT to collect data and inform operators of maintenance issues or how processes could be more efficient . A mobile device is both of these things : aesthetically distinct and operationally customised by the user . The only truly consistent characteristic is that demand is growing , and manufacturers unable to adapt and deliver will fall behind the curve .
Intelligent Products is one of the four pillars of SAP ’ s Industry 4.0 initiative , alongside Intelligent Factories , Intelligent Assets and Empowered People . Keith Zobott , Global Vice President of Digital Products and Projects , describes Intelligent Products as “ very complex devices , whether they ' re aircraft or machinery , but with some common threads in all of them ”.
Here he explores how both consumers and enterprises stand to benefit from the wider adoption of these connected and customised smart products , from greater customer satisfaction , to cost savings and fundamental improvements in the way businesses design , manufacture and deliver .
The IoT in manufacturing market size is projected to grow to
$ 45bn + by 2022
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