The Impact of Data Source Development on Iterations within IoT New Product Development Projects
Elisabeth Häusler, Wolfgang Kremser, Veronika Hornung-Prähauser, Franz Huber (2023): The Impact of Data Source Development on Iterations within IoT New Product Development Projects In: Proceedings of DRUID 2023
New product development in the Internet of Things (IoT NPD) happens at the intersection between data science, electrical engineering, business development, and basic research. Despite its complexity, the dynamics of IoT NPD projects are underresearched. Thus, this paper presents a multiple-case study that investigates the distribution of iteration occurrences along the data-value chain. The results show that the predominant source of iterations is data source development. We discuss how data source development is linked to the overall dynamics of IoT NPD projects, and conclude with a preliminary framework to guide future research on the topic. The findings of this study can help organizations developing smart products to identify potential risks specifically associated with IoT NPD and to take proactive measures to mitigate them.