© Padmaraj Nidagundi 2022
P. NidagundiThe IoT Product Managerhttps://doi.org/10.1007/978-1-4842-8631-9_4

4. IoT Product Development and Life Cycle

Padmaraj Nidagundi1  
(1)
Riga, Latvia
 
There are seven steps in IoT product development:
  1. 1.

    Identify the market opportunities and needs (usually in a research phase): In the first phase, the market research process and survey are used in order to identify the real needs or problems of the customer/users. In a research phase , the product might be developed by a consultant rather than an in-house team. This is time consuming and resource intensive.

    In order to reduce this time, the product can be designed using an iterative design process (typically done once every week), which involves looking at previous ...

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