The Internet of Things allows objects to be sensed and controlled remotely across existing network infrastructure, creating opportunities for more direct integration between the physical world and computer-based systems, and resulting in improved efficiency, accuracy, and economic benefit.
Review the list of IoT product characteristics for various markets. Select a market from this list: Manufacturing, Media, Environmental Monitoring, Infrastructure Management, Energy Management, Medical and Healthcare Systems, Boiling and Home Automation, Transportation, or Large-scale Deployments.
Provide a five- to seven-page paper that includes the following elements:
Proposal of an Internet of Things product:
What is the IoT proposed product?
Provide the statement of need for the IoT product.
What else is offered similar to the proposed IoT product in the market?
How is your proposed IoT idea better or different? Identify the qualities that make the IoT product better or different than other products.
Description of your chosen market that could benefit from an IoT product:
Does the IoT product
solve a problem for the market,
enhance exiting processes,
improve existing products, or
provide a new product offering?
Identify how the IoT product supports electronic commerce, business-to-business electronic commerce, or business-to-consumer electronic commerce in the market?
Identification of both pros and cons for the proposed IoT product (see the “Pros and Cons of IoT” diagram above).
What are the pros of the proposed IoT product?
What are the cons of the proposed IoT product?