In today's episode of Category Visionaries, we speak with Michael Corr, CEO of Duro Labs, a product life cycle management company that’s raised over $4 Million in funding, about why a stagnant hardware development sector has been left behind by the .com boom, and how Duro Labs is doing their bit to reduce the risk of innovation for everyone. By improving the way engineers working in different divisions create, enter and transfer their critical data, Duro facilitates automation in critical development cycles, giving people the time, space and resources to really do things differently.
We also speak about the reason why hardware has been neglected for so long, and the fundamental economics which have kept focus on innovation in the software space, how data entry is at the heart of the development process, and why by combining the strengths of software and human engineering means that Michael sees a bright future over the horizon for hardware.
Topics Discussed:
- Michael’s engineering career, and how he let his love for building things bring him to the startup space
- Stagnation in the hardware space and the economics of risk which have kept innovation largely confined to software
- How data drove the .com boom and started a software renaissance, and what it can do for the hardware development economy
- Why more and more companies are breaking down the walls between software and hardware solutions
- How automation is helping build innovative feedback loops into the hardware product life cycle, and how Duro Labs is at the forefront of the process
- Michael’s prediction of a bright future for hardware, and why many more young engineers are finding their way into the space