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I don't think the software industry gets enough credit in this regard. Consider that language and OS libraries are really just code reuse. If each developer had to hand code all of the functionality that lives in libraries, then we could say that IP reuse doesn't really exist.
As it is, we're typically only looking at the in-house coding and ignoring all of the externally developed code.
All true but the real point here is that if you don't have a well defined need with standard or well defined I/O that does NOT require modification you are shopping in the wrong aisle. Design reuse is different than integrating an IP block. An experianced project manager should know the difference and schedule accordingly.
The numbers I have seen in the software industry indicate that if you need to modify as little as 25% of the code, you are ahead to start from scratch; the modifications will take longer and cost more.
What are the engineering and design challenges in creating successful IoT devices? These devices are usually small, resource-constrained electronics designed to sense, collect, send, and/or interpret data. Some of the devices need to be smart enough to act upon data in real time, 24/7. Are the design challenges the same as with embedded systems, but with a little developer- and IT-skills added in? What do engineers need to know? Rick Merritt talks with two experts about the tools and best options for designing IoT devices in 2016. Specifically the guests will discuss sensors, security, and lessons from IoT deployments.