Review the list of IoT product characteristics for various markets (in attachment). 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.
· Proposal of an Internet of Things product:
o What is the IoT proposed product?
o Provide the statement of need for the IoT product.
o What else is offered similar to the proposed IoT product in the market?
o 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:
o Does the IoT product
§ solve a problem for the market,
§ enhance exiting processes,
§ improve existing products, or
§ provide a new product offering?
o 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).
o What are the pros of the proposed IoT product?
o What are the cons of the proposed IoT product?
· Reference List
Must be five to seven double-spaced pages in length (not including title and references pages) and formatted according to APA style.
Must use at least three scholarly sources in addition to the course text.
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