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Index
About the authors
Foreword by Paul R Daugherty
Preface
Acknowledgements
Introduction
New technology, new perspectives
Product X.0: a product becomes a service with experience
Platforms and ecosystems: the new product habitats
Reinvention mandate: engineering in the New
How to use this book
Part One Enter the New: smart connected products for the digital age
01 The digital transformation of product making – happening faster than you think!
Digital eclipses hardware as a value source
Dual needs: digital transformation and product reinvention
Navigating the disruption: six digital imperatives
Different sectors, different degrees of disruption
Takeaways
02 Trends driving the case for product reinvention
From output to outcome
Value shifts across the chain
Industrial consumerism, simplicity and ease at any time
Accelerating the pace of innovation
The power of personalized experiences
Ecosystems as the new force
Takeaways
Part Two The digital reinvention of the product
03 A radically new kind of product: adaptive | collaborative | proactive | responsible
The Product Reinvention Grid
From traditional to reinvented products: 10 traits
The Product Reinvention Quotient
The future is here, start now
Takeaways
04 Big Shift One: From features to experience
The slow but certain waning of the feature economy
Experience: a quantum leap beyond features and services
The differences between B2B and B2C experiences
Engineering user experience
Good and bad experiences
Human + machine experiences for the industrial worker
What’s at stake?
Takeaways
05 Big Shift Two: From hardware to ‘as a service’
Software industry leads the way
Product as a service
Redefining the core product architecture
It is an enterprise-wide challenge
Takeaways
06 Big Shift Three: From product to platform
Platforms: the new dominant driver of value creation
Many types of platform, not all are alike
Nine key components of a successful platform
The imperative of platforms for product makers
The product makers finding the way
Internet platform giants: friend and foe?
Takeaways
07 Big Shift Four: From mechatronics to artificial intelligence (AI)
AI: a quantum leap for product companies
Three factors enabling the rise of AI
The unstoppable ascendancy of voice
AI in every product
The AI pathfinders
Time to get artificially smart
Takeaways
08 Big Shift Five: From linear to agile engineering in the New
The path from linearity to ‘experiment and scale’
Ideate, launch and iterate in cycles
Flattened hierarchies and fluid organizations for greater agility
‘Engineering in the New’ to achieve 10X digital factor
From ageing products to evergreen design
As-a-service business models determine hardware features
Integrating engineering and IT for agility
Twinning and threading your product
Takeaways
Part Three The journey to the reinvented product
09 Seven pivotal capabilities for managing the reinvention of the product
1 Design ‘flexagility’
2 Agile engineering in the New
3 Data augmentation, leveraging AI
4 ‘As-a-service’ competencies
5 The experiential workforce
6 Ecosystem orchestration
7 Pervasive security
Takeaways
10 The roadmap to success with living products and services
Marker 1: Definition of vision and value spaces
Marker 2: Digitization of the core business to fund expansion
Marker 3: Sketching the smart connected product roadmap
Marker 4: Creation of a digital innovation factory to accelerate the change
Marker 5: Setting up a digitally skilled organization to enable friction-free execution
Marker 6: Tracking results to constantly adjust course
Marker 7: Starting the pivot now instead of waiting for the next New
Takeaways
11 Insights from the field
Tesla
Automotive start-up in China
Samsung
Dassault Systèmes
PTC
Caterpillar
HP Inc
Mindtribe
Amazon
Google
London Business School
12 Reinvented products in action
Faurecia case study: Get behind the wheel and... relax, work and socialize!
Signify case study: LED there be smart light!
Symmons case study: Turning pipe dreams into a digital business
Haier Group case study: Putting a platform before the palate
Part Four Future product realities
13 Outlook 2030: How the reinvented product governs our lives – a crowd-sourced story of innovation in five takes
Take 1: Farming means high tech
Take 2: Private life is fully digitally curated
Take 3: Ownership. Owner… what?
Take 4: Feel at home or at work on the road
Take 5: The polite Frankenstein creatures we all love
Scary? Not at all. Inspiring!
Takeaways at a glance
Glossary of terms
Endnotes
Index
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