Technology is primarily used in manufacturing now. But the situation is quickly changing, as more businesses are implementing the Internet of Things into their operational processes. For example, in order to improve the transportation and travel systems in New York, the government built a digital replica of the city on a digital platform. By doing so, engineers can now develop digital road systems underground and predict the incorporation of this system with regular roads of the city. By having data on the average deterioration rate, safe predictions can be made on how often the new underground roads will need to be replaced in order to guarantee the security of the new road arrangement.
To sum up, as organizations continue to use fewer physical prototypes, more products will be created in a shorter amount of time, reaching the go-to-market faster. This not only makes the full life cycle of a product more efficient and cost-effective for big corporations, but it also reduces the barriers to entry for smaller companies, creating new jobs and business opportunities.