In this piece, I will talk about a few nuances of IoT product development and how to de-risk the costs and timeline of your IoT initiative. It would help if you already have product management experience but not a necessity. If you are an entrepreneur or a product manager at an enterprise, this article will help throw in the IoT perspective to the regular product management experience.
I like building things from scratch and I like product management because it’s like nurturing a baby until it can sustain on its own. Every product is different and there are new learnings to draw but there are certain principles that hold true every time. These principles are time-tested pointers drawn from my 15 years of experience that will increase your chances of success in realizing the outcome you seek out of the product being built. Having worked in the IoT space for the last 5 years, I have learned quite a few, relatively newer aspects of product management that are crucial in your IoT product development. IoT is new and complicated. Traditional product management principles still apply but there is much more to be considered when it comes to IoT. Let us talk briefly about the basics of product management and then we will dig into the specifics around product development.
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