A static product is a dead product. Dynamic internet-connected products are becoming the new normal. Although it’s not too late to act, time is of the essence, and the way in which appliance designers build connected user experiences will define their success over the coming decade.
In a recent longitudinal study by Smart Industry, the anticipated impact of IoT is on the rise. Amongst the manufacturers surveyed, the percent of those believing that the Internet of Things will have low or neutral impact declined from 2015 to 2017, and the percent of those anticipating the Internet of Things will have a high or critical impact on their business now stands at nearly 70%. A summary of the anticipated impact of IoT on manufacturers of durable goods appears in the following figure.