Buzzwords such as IoT and Digital Twin are not new to the digital world. They have been gaining momentum in development and production discussions as the digital transformation of production becomes more relevant. But how is it possible to truly integrate the internet of things in development and production and what are the benefits of connected products? While there is still debate over whether consumers are interested in having a “smart refrigerator” collecting data to order milk, matters are quite different for a manager in an industrial facility. Data collected in this sector can lead to more efficient processes and offer forecasts on maintenance intervals, the remaining lifespan of a product, or its functional safety.