Strategies for Effective Product Roadmap Development and Execution in Data Analytics Platforms

Authors

  • Ranjit Kumar Gupta Independent Researcher, USA.
  • Sagar Shukla Independent Researcher, USA.
  • Anaswara Thekkan Rajan Independent Researcher, USA.
  • Sneha Aravind Independent Researcher, USA.

Keywords:

Internet-of-Things (IoT), Business Process, Manufacturing Industry, Industry 4.0, Roadmaps, Big Data Analytics, IT Industry, Transformational Potential

Abstract

Manufacturing is only one of several industries going through a digital transformation in this era of digital disruption. Manufacturing businesses are racing to adopt IoT-based solutions in order to innovate, increase productivity, lower costs, and gain greater market share because of the enormous transformational potential offered by Internet-of-Things (IoT) & Big Data. It is being used by industrial companies all over the world to increase flexibility while achieving cost savings, reduced inefficiencies, and better performance. It is no longer a trend for the future. But putting Industry 4.0 technology support into practice is a tough endeavour that gets increasingly harder in the absence of a common method. These are produced during the course of business operations and are kept in databases, email communication, transaction logs, free form texts on (business) social media, and other places. Businesses want to integrate data analytics methods into their decision-making processes by utilisation of these data. The field of Big Data analyses has seen tremendous progress in the IT sector in recent years. It appears that in order to deal with the extremely dynamic situations of today, new methods for product route mapping are required. This article provides an overview of the literature in science on product road mapping in order to shed light on the current state of the art & pinpoint research gaps.  In order to demonstrate the influence of Industry 4.0 technological innovations on the manufacturing sector, this study provides an organised and content-focused evaluation of the literature. This paper offers recommendations for converting a legacy manufacturing facility into an Industry 4.0-compliant smart plant. Research gaps encompass topics including how to include objectives or results in product roadmaps, how to match a roadmap with the item's vision, and how to include activities related to product discovery in product roadmaps.

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Published

18-03-2022

How to Cite

Ranjit Kumar Gupta, Sagar Shukla, Anaswara Thekkan Rajan, & Sneha Aravind. (2022). Strategies for Effective Product Roadmap Development and Execution in Data Analytics Platforms. International Journal for Research Publication and Seminar, 13(1), 328–342. Retrieved from https://jrps.shodhsagar.com/index.php/j/article/view/1515

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Vol. 13 No. 1 (2022): Volume 13 | Issue 1 | 2022

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