Select a market after reviewing the list of IoT product characteristics for various markets that includes:
Manufacturing
Media
Environmental Monitoring
Infrastructure Management
Energy Management
Medical and Healthcare Systems
Boiling and Home Automation
Transportation
Large-scale Deployments
Prepare an introduction to the Internet of Things (IoT) Product Proposal.
This section should lay the foundational concepts of IoT and explain its significance in the chosen market.
Create a proposal for a new Internet of Things product. While developing this proposal, critically think and focus on the following topics:
Define the IoT proposed product.
Discuss the need for the IoT product.
Identify what else the market offers that is similar to the proposed IoT product.
Compare your proposed IoT idea to other products and how it is different or better.
Identify the qualities that make the IoT product better or different than other products.
Describe your chosen market that could benefit from an IoT product:
Explain how the IoT product solves a problem for the market.
Explain how the IoT product enhances existing processes or improves existing products.
Discuss 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.
Identify both pros and cons for the proposed IoT product (review the Pros and Cons of IoT diagram).
Explain the pros of the proposed IoT product.
Explain the cons of the proposed IoT product.