Internet of Things (IoT) data is the new currency driving strategic decision making, including helping engineers gain insight into what to build and how to build it more effectively. Yet in order to reap the full impact, organizations need a strategy for managing the data deluge so it doesn't swamp efforts to optimize product designs. Big Data's role is to deliver insights that can steer higher quality product designs and be leveraged for predictive maintenance to more effectively service products once out in the field. The concept works by equipping products of all types with an assortment of sensors that collect and transmit critical data in real-time over the Internet to a central repository. From there, the data - recorded temperature, stress points and speed, among other variables - is massaged, potentially mingled with external data, and ultimately mined for insights that could direct any number of product development decisions.
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