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Week 3 Assignment

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Paper, Order, or Assignment Requirements

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?

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