Hardware Podcasts

Product Design in the Era of Industry 4.0 w/ Kevin Bailey

The Manufacturing Executive · 22 Aug 2023 · 25m · Episode 167

What this episode covers

Kevin Bailey, President of Design 1st, discusses how mid-sized manufacturers can navigate the risks of modernizing product lines with Industry 4.0 technologies like AI and IoT. He explains that companies face three main types of product development challenges: refreshing existing products with new tech, software companies entering hardware, and entrepreneurs with no prior experience. Bailey emphasizes the importance of risk assessment, component sourcing, and balancing incremental versus fundamental innovation to avoid costly failures in physical product development.

Most relevant to

established companies

Topics

Mentioned

Companies
Design 1st, Gorilla 76, Armstrong, Google
Products
Nest
Also
Zigbee, Wi-Fi

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