With sensors becoming rapidly cheaper, manufacturing companies are expecting their massive sensor deployment to support vital services, such as predictive maintenance, automated supply chain management, operations & usage monitoring. However, billions of connected IoT devices, generating monumental amounts of data do not necessary result in smart systems or products. They do have a direct impact on cost. The InsightProducts project supports companies to improve their product and service offering through a cost-effective approach to relevant and qualitative product data acquisition and use in view of digital servitisation.