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Before Ford introduced the moving conveyor to the assembly line, it took workers around 12 hours to assemble a Model T car. However, in 1908, when the conveyor belt was added, workers could put a Model T together in 93 minutes.<\/p>\n
A more recent game-changer for manufacturers was Product Lifecycle Management or PLM. It offered a centralized hub where manufacturers can make all their design and manufacturing decisions, which replaced an inefficient siloed system.<\/p>\n
Just as technology affects our processes, it also enhances our existing technology. This is evident when examining how IoT will affect PLM, improving the final products, and helping companies be more customer-centric.<\/p>\n
Let\u2019s look at some benefits of PLM before seeing how to combine it with IoT technology.<\/p>\n
PLM technology has brought numerous benefits to manufacturers:<\/p>\n
In its current form, PLM software does not help much once the product has been sold and used by the end-customer. Customer feedback can be collected, but the feedback could be problematic.<\/p>\n
Describing a product as being of \u201cpoor quality\u201d or performing \u201cbeneath expectations\u201d does not provide meaningful insights for product developers. Even if any insight is collected, it is usually too late to help the complaining customer. This feedback only comes after the purchase, so it is almost impossible to collect real-time feedback as the customer is using the product.<\/p>\n
Therefore, this feedback is not as actionable as product developers would like. This is where IoT can come to rescue.<\/p>\n
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Incorporating any new technology requires investing money and effort. Here are a few tips for businesses to increase their ROI.<\/p>\n
Businesses new to the IoT space are bound to make mistakes. One way to expedite the learning curve is to build the right partnership with other companies that have previous experience with IoT.<\/p>\n
Companies can partner with IoT platform vendors early on, so the vendors have sufficient time to know the company and to offer valuable business intelligence.<\/p>\n
Another beneficial partnership is with other stakeholders along the supply chain. Any benefit accrued at one point of the chain will cascade along the rest of the chain. Manufacturers can partner with their vendors, giving them access to the insights gathered from the data. This, in turn, would help the vendor increase their sales, benefiting the manufacturer.<\/p>\n
IoT gadgets are connected to the internet, and security is a serious concern for businesses. These gadgets are susceptible to hackers who might steal data, upload malware, or control the gadgets for their own means.<\/p>\n
AI technology might be the solution to help safeguard the gadgets. Also, businesses need to be selective about what partners will have access to the generated data.<\/p>\n
Some values added by other technologies are:<\/p>\n
At the beginning of this article, we saw how the assembly line was revolutionized at the beginning of the 20th century. But we failed to mention that companies that did not adopt these new technologies had a hard time competing, and most of them were soon out of business.<\/p>\n
Similarly, IoT can give companies a competitive advantage today, but soon, businesses that do not use IoT may have to close shops. Companies should try to stay ahead of the curve<\/a> and do their best to incorporate IoT into every system they have, including their PLM software.<\/p>\n \r\n Related Posts<\/div>\r\n \r\n\r\n \r\n \r\n \r\n\r\n ![\"Streamlining](\"https:\/\/www.kovair.com\/blogs\/wp-content\/uploads\/sites\/2\/2026\/04\/blog-graphics-1125-800x500.jpg\")
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