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How To Leverage Innovation for the New IoT Product Lifecycle

If you’re looking to differentiate in the competitive IoT market, here are a few tips that can equip engineering teams with the tools necessary to build, ship, and manage connected devices at scale.

Expanded connectivity, new hardware capabilities, and innovative edge applications contribute to the rising commercial appeal of IoT devices. Recent estimates point to growth in the industry; the number of connected endpoints increased from 12.2 billion in 2021 to 14.4 billion in 2022 and is projected to reach 27 billion connected IoT devices by 2025.

Connected device manufacturers balance a number of moving parts in this rapidly changing industry. They want to establish long-term viability with regular revenue. With increased competition, they need to accelerate time-to-market and create loyal customers. Once products are in the field, device developers want those products to function well, with continuously improving features and functions.

Device manufacturers and developers face a demanding environment. Users are less tolerant than ever of poor design or performance. A bug that once may have been tolerated may now mean a lost customer. Low-capability hardware often means an absence of security protocols and an abundance of risk.

Tips To Inject Innovation into Your New IoT Product Lifecycle

1. Consider higher-order programming languages: Developers often rely on C and C++ because of those languages’ strength in application performance. But IoT developers who have spent much time with either language know that C and C++ suffer from memory management bugs; this weakness has driven the growth of a number of other programming languages.

2. Keep an open mind about open-source chip design: The industry is seeing a huge rise in demand for open-source chip design. RISC-V is driving the open-source hardware revolution as companies such as Google, Samsung, Micron Technology, and Western Digital are adopting RISC-V as an important component of their roadmaps. RISC-V’s growing commercial market is shaping up to be a strong alternative for those looking for alternatives to Arm, Intel, and other proprietary architectures.

3. Adopt device reliability engineering tools: Just as software engineers have had access to software reliability engineering tools to address the ability of software to function well, device teams now have device reliability engineering (DRE) tools to address a device’s ability to perform well in the field. Developers looking for ways to better prepare for in-field operational issues can benefit from building with DRE tools that allow for remote monitoring, updating, and debugging.

Transforming the Product Lifecycle

At a rapid clip, IoT developers are building devices for use cases previously thought impossible. Modern development practices have transformed the product lifecycle to extend well beyond product launches.

IoT companies must consider how to best manage devices in the field without adding unnecessary cost, time, or complexity. Evaluating whether there are alternatives to your existing hardware and software tooling can give you critical visibility into how you might take advantage of market developments and how you can ultimately create – and scale – the best product possible while developing long-term relationships with loyal customers.

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