According to Keer, a cloudbased solution is critical to keep track of the entire product design including sensors, software, and electronic components. A better understanding of which parts are going obsolete can provide a competitive edge for IoT companies. A strong product development system enables companies to better identify, source, and procure components.
“As engineers identify and document approved components, operations can add those components into Arena. They can figure out lead time for each component, determine if it’s compliant to environment regulations, and speed the time to market,” says Keer.
Companies struggling to keep up with the rapid pace of technological advances like IoT need systems that bring teams and information together quickly, so decisions can be made to improve or resolve design issues. Manual or document-based approaches using spreadsheets, point solutions, and email won’t scale because they don’t provide a single source for all product and quality collaboration—especially with teams that are dispersed.