For example, when NCR needed to optimize product configurations across their ATM line, they implemented pattern-based analytics solutions to analyze customer-buying patterns.

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The way we promote our eco-system is to breathe awareness of our potential vendors, places where you could optimize product offerings with partners and vendors.

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"We've got the ability to optimize where the product is sourced and how it is assembled, " says Wright.

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"We've got the ability to optimize where the product is sourced and how it is assembled, " says Flextronics' Wright.

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Meanwhile, the product's gyroscope sensor gauges height, rotation and slope to optimize sound quality, whether the soundbar is placed in a horizontal or vertical position.

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The company is a pioneer in its market and prides itself on tightly engineering its entire product line, from silicon parts through systems and software, to optimize speed and efficiency.

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Syracuse University has Sandbox, where over 30 companies optimize the schools resources year round and are walked through the basics of incorporation through to product development and pricing.

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