In June, I attended the Design Automation Conference in Austin, TX and LiveWorx in Boston, MA. I would like to share some key observations from both events.
- The Internet of Things is going to be big; very big!
- Success requires partnerships.
- IoT is about monetizing data.
- Engineering simulation is essential.
The Internet of Things is going to be big!
At the just concluded Design Automation Conference in Austin, speaker after speaker stressed this.
Silicon Labs CEO, Tyson Tuttle, noted that there will be 70 billion Internet connected devices by 2025 with accompanying semiconductors to power them. He repeated McKinsey’s forecast the the Internet of Things will drive between $4 -11 trillion in global economic impact by 2025. Continue reading
Digitalization, digital transformation, and digital twins have become key business initiatives at many companies. The goal of these initiatives ultimately is to accelerate revenue and profitability growth by speeding innovation, improving productivity, and increasing reliability across the enterprise. Industry leaders know that revenue and profitability both suffer when their product fails to meet design objectives, underperforms the competition or does not meet customer expectations. When your product fails, your customer is unhappy, your re-design costs will be higher than planned, your reputation may be damaged, or worse, you may go out of business.
Given the complexity of today’s products, how can companies be sure that they will deliver the most reliable and innovative products to the market? Moreover, how can they leverage their product superiority to deliver additional value to their customer and more profitability for their business? Continue reading