Why Digital Twinning is the Future of IoT

Prototype with digital twins helps de-risk IoT hardware development
Prototype with digital twins helps de-risk hardware development

There are so many things that have to go right with a new IoT product before it can be sold to the public. For hardware developers, managing all of these variables and unknowns can be an overwhelming, daunting task. One of the most common and biggest barriers to product launch is the requirement to develop physical prototypes. Developers might waste precious time developing and testing each new prototype. Working with a digital twin can bring in significant time and cost savings.

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How to Develop a Hardware MVP

Hardware prototype of the Dio speaker

You have a great idea about a hardware device that can solve a problem that many people have, but you don’t have the budget or the expertise required to build the product – so where do you start?

This is a common problem that a lot of hardware startup founders have: lack of resources to test out their hypothesis. Whether it is not having enough time, money, or talent – entrepreneurs often have to be creative and learn to be scrappy with the limited resources they have to build their product.

The key to achieve product market fit as a startup is to run many lean experiments, apply the learnings, and rapidly iterate the product development cycle. However, it is harder to be lean when you are building a physical hardware product. Building hardware is a more complex process than software development, and you can’t just release a new software update to fix a hardware problem. Therefore, knowing how to build a good hardware MVP (minimum viable product) is essential to a hardware startup’s success.

We spoke with Akarsh Vinod, founder of Dio, to learn about how he developed his hardware MVP. Dio makes simple and affordable multi-room speakers that aim to make listening to audio easy and convenient.

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Finding Product Market Fit In The Virtutyping (Virtual Prototyping) Space

If you’re looking to start your own company, it’s important to spend your time wisely – because time is money when it comes to running a business.

If Time Is Money, Are You Spending Yours Wisely? | Inc.com
Time is money when running a startup

For starters, if you’re focused on building or leading the direction of your product, you can conduct a copious amount of market research to understand the lay of the land. However, without speaking to users, you will likely fall into the trap that many startups face: developing a product that doesn’t fulfill an actual need.

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