Explain how the iot product solves a problem for the market

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Reference no: EM133896804

Homework: Operating Systems

The Internet of Things (IoT) Product Proposal

Prior to beginning work on this homework, review Modules 6, 7, 8 in the MIS textbook and the video The Internet of Things Asks: Comfort or Privacy?-Bloomberg QuickTakes

Module 6: Data Communication: This module will assist you with the foundational knowledge of how data communication works, which is critical when understanding how IoT devices communicate.

Module 7: A Connected World: Since IoT is a significant part of the connected world, this module will cover the basics of IoT and how devices connect and communicate over networks.

Module 8: E-Commerce: Given that IoT has applications in e-commerce by enhancing the customer experience and streamlining business processes, this module will provide insights into how IoT products can support e-commerce initiatives. These modules will give you the necessary background information to understand the technology behind IoT and its implications for businesses, which is essential for writing a compelling product proposal.

IoT 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, resulting in improved efficiency, accuracy, and economic benefit.

IoT products and solutions in each of these markets have different characteristics:

Manufacturing:

By networking machinery, sensors, and control systems, IoT intelligent systems enable rapid manufacturing of new products, dynamic responses to product demands, and real-time optimization of manufacturing production and supply chain networks.

Media:

The combination of analytics for conversion tracking with behavioral targeting and programmatic media has unlocked a new level of precision that enables display advertising to be focused on the devices of people with relevant interests.

Environmental Monitoring:

The environmental monitoring applications of IoT typically use sensors to assist in environmental protection by monitoring air or water quality, atmospheric or soil conditions, and even the movements of wildlife and their habitats. Development of resource-constrained devices connected to the internet also means that emergency services can use other applications like earthquake or tsunami early-warning systems to provide more effective aid.

Infrastructure Management:

IoT infrastructure can monitor any events or changes in structural conditions that can compromise safety and increase risk. It can also help with scheduling repair and maintenance activities in an efficient manner by coordinating tasks between different service providers and users of these facilities.

Energy Management:

It is expected that all forms of energy-consuming devices (switches, power outlets, bulbs, televisions, etc.) will eventually integrate IoT and be able to communicate with utility supply companies to effectively balance power generation and energy usage.

Medical and Healthcare Systems:

IoT devices can support remote health monitoring and emergency notification systems. These health monitoring devices can range from blood pressure and heart rate monitors to advanced devices capable of monitoring specialized implants, such as pacemakers or advanced hearing aids. Specialized sensors within living spaces can monitor senior citizens' health and general well-being while also ensuring the administration of proper treatment and assistance with regaining lost mobility via therapy.

Building and Home Automation:

IoT devices can monitor and control the mechanical, electrical, and electronic systems used in various types of buildings (e.g., public and private, industrial, institutions, or residential). Home automation systems, like other building automation systems, typically control lighting, heating, ventilation, air conditioning, appliances, communication systems, entertainment, and home security devices to improve convenience, comfort, energy efficiency, and security.

Transportation:

IoT can assist with the integration of communications, control, and information processing across various transportation systems. IoT applications extend to all aspects of transportation systems (i.e. the vehicle, the infrastructure, and the driver or user). Dynamic interaction between these components of a transport system enables inter- and intra-vehicular communication, smart traffic control, smart parking, electronic toll collection systems, logistic and fleet management, vehicle control, and safety and road assistance.

Large-scale deployments:

There are several planned or ongoing large-scale deployments of IoT to enable better management of cities and systems. For example, Songdo in South Korea, a fully equipped and wired smart city, is the first of its kind and near completion. Nearly everything in this city is planned to be wired, connected, and turned into a constant stream of data that would be monitored and analyzed by an array of computers with little to no human intervention. Another example of a large-scale deployment is the one completed by New York Waterways in New York City to connect all their vessels and be able to monitor them live 24/7.

Pros and Cons of IoT

Long Description

Note: Select the link for assisted audio provided to describe the "For" or "Against" IoT image (the link will be available).

In your paper,

I. Select a market after reviewing the list of IoT product characteristics for various markets that includes:

i. Manufacturing

ii. Media

iii. Environmental Monitoring

iv. Infrastructure Management

v. Energy Management

vi. Medical and Healthcare Systems

vii. Boiling and Home Automation

viii. Transportation

ix. Large-scale Deployments

II. Prepare an introduction to the Internet of Things (IoT) Product Proposal.

i. This section should lay the foundational concepts of IoT and explain its significance in the chosen market.

III. Create a proposal for a new Internet of Things product. While developing this proposal, critically think and focus on the following topics:

i. Define the IoT proposed product.

ii. Discuss the need for the IoT product.

iii. Identify what else the market offers that is similar to the proposed IoT product.

iv. Compare your proposed IoT idea to other products and how it is different or better.

o Identify the qualities that make the IoT product better or different than other products.

IV. Describe your chosen market that could benefit from an IoT product:

i. Explain how the IoT product solves a problem for the market.

ii. Explain how the IoT product enhances existing processes or improves existing products.

iii. Discuss a new product offering.

iv. Identify how the IoT product supports electronic commerce, business-to-business electronic commerce, or business-to-consumer electronic commerce in the market.

V. Identify both pros and cons for the proposed IoT product (review the "Pros and Cons of IoT" diagram).

i. Explain the pros of the proposed IoT product.

ii. Explain the cons of the proposed IoT product.

VI. Prepare the conclusion to the Internet of Things (IoT) Product Proposal.

VII. Prepare the reference list.

Reference no: EM133896804

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