product development

New product development in the age of smart things: philosophy, sociology and psychology would play a pivotal role in new product development

New Product Development in the Age of Smart Things

If you’re respon­si­ble for new prod­uct devel­op­ment in your com­pa­ny, you will be famil­iar with the sev­er­al steps of that process. Experts most­ly sep­a­rate the new prod­uct devel­op­ment process into seven or eight steps, start­ing with idea gen­er­a­tion and fin­ish­ing with a post-launch review. The fact that more and more things become smart; i.e. they either fea­ture some intel­li­gence or they are con­nect­ed and con­trolled through the IoT, has sig­nif­i­cant impli­ca­tions

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