Every day, around the world, engineering organizations are exploring the new technological possibilities of the Internet of Things (IoT). Today’s products have moved beyond mechanical and electrical components to now include complex combinations of hardware, sensors, data storage, microprocessors, software and ubiquitous connectivity. Companies that can adapt to the fast pace of change in this IoT world—incorporating and analyzing data from a wide variety of sources—have an unprecedented opportunity to accelerate innovation, meet increasing consumer expectations and gain advantages in a new era of competition.