1.What are IoTs and how are they currently being used? You should explore a range of applications of IoT, for example, in areas such as healthcare, manufacturing and production.
2.Discuss at least two potential IoT applications that could be developed by your organisation in the next five years. You should explore ways that those two IoT applications could be used to provide opportunities to expand your business both locally and globally. Analyse potential options that could lead to recommendations at the end of your report.
3.Assess the advantages and disadvantages of IoTs. Consider the current IoT applications and the two potential IoT applications to be developed by your organisation (see tasks 1 and 2 above). Explore the ethical, social and legal considerations, and the potential positive and negative impacts your organisation should consider. These should lead to some recommendations at the end of your report.
Internet of Things or popularly known as IoTs has emerged to be a part of daily life of human being. It is the connected network of physical devices that make human life easier and faster. Currently, there are several IoTs applications that have caught a good market grip due to its extended benefits and usage in common life (Lee, Guo & Yin, 2013). Hence, it is important to analyse the market opportunities of the IoT applications before planning to develop new applications for commercial purpose. The paper has been developed on behalf of Smartech to analyse the potential opportunities of IoTs applications in the Australian market as well as in the international market to grow its business.
Smartech is a small research and development company of Australia that is planning to expand its business by introducing two IoTs applications that will have good demand in the domestic as well as in the international market. Smartech has a good team of researchers capable of developing innovative ideas and products that will attract people from all across the globe. A span of five years has been approved by the CEO to develop two IoTs applications that can be beneficial for the company to grow its business commercially.
The primary objective of the report is to conduct a market research and analyse the current scope for the IoTs applications in the global market. Furthermore, the research aims to analyse the commercial demand for IoTs that are currently available in the market. On basis of the market research, two potential IoTs applications will be chosen by the company to get them developed in a span of given deadline (Lee, Guo & Yin, 2013). The major limitation of the study is that the research is based on secondary data that are fetched from articles and journals presented by different IoTs developing companies (Sood, Yu & Xiang, 2016). Furthermore, it becomes difficult to judge the future opportunities of the IoTs applications because the research is based on secondary evidence and assumptions. Hence, there is need of primary research on the given field of study before investing on the development of IoTs applications by Smartech Research and Development Co.
The report starts with a basic introduction to the IoTs. A literature review has been presented on IoTs t observe the current market for the IoTs applications. According to the literature review, the two potential IoTs have been chosen that can be developed by Smartech for commercial growth. Furthermore, the study will present the advantages and issues related with the chosen IoTs to understand the potential opportunities for the applications. Along with that, the paper presents the security risks, ethical, social and legal obligations that must be considered by the Smartech Research And Development Company while developing the potential applications. The study also presents few recommendations that must be considered while planning the development project.
In the contemporary technological scenario, leading business organisations have substantially utilised specific Internet of Things (IoTs) for improved productivity and manageability. Lately, IoTs have provided momentous opportunities for business corporate to use advanced technology as a part of improvisation (Juntao, Xiaolin & Gang, 2013). Convincingly, the term Internet of Things (IoTs) includes a featured system interconnected computerised mechanisms, digital resources and human participants. Moreover, the interconnected elements of IoTs have generated an exclusive automatically operated network. Evidently, the network of Internet of Things has been efficiently utilised for sharing and transferring data and information without any human–to-machine or human–to-human interface (Almeida, Doneda & Monteiro, 2015). In the existing scenario, research and development organisations all around the globe have identified the commercial benefits of developing latest IoTs for business perspective (McEwen & Cassimally, 2014). In modern business development, the sensor technology has been redefined to manufacture technologies such as Radio Frequency Identification (RFID), real-time localisation, wireless communication system for short-range, and sensor networks authorize computing systems. The application areas of the IoTs are growing at a robust speed (Elwenspoek, 2011). Primarily, the IoTs have been implemented in areas such as health and medical industry, production industry, the electronic appliances manufacturing sector, and IT industry.
The sensor and connectivity technology have been unanimously applied to develop IoTs effective to monitor health activities and medical assistance. IoTs can be utilised for automatic baby monitor facilities to check the real-time information about a baby’s body temperature, breathing status and regular activity level (Yao, Wang, Farrokh-Baroughi, Wang, & Qian, 2013). Through smart phones, such monitoring system can be controlled. On the other hand, sensors applications such as accelerometer, proximity, compass, GPS and connectivity such as Wi-Fi, Bluetooth and NFC can be utilised at the same time to monitor regular movements, sleeping patterns, activity level, workout status and location of a person throughout the entire day. Such IoTs have become massively popular as a form of wrist watches and gear technology (Elwenspoek, 2011). Also, IoTs have been utilised for Smart housing applications, driving applications, health measures, and Smart farming applications for further benefits. In electronic industry, IoTs have been functioned through sensor technology automatically to detect the position of the user, room temperature and other essential information about the surroundings. Thus, auto-functional refrigerators and air-conditioners have been manufactured (Wong & Ma, 2013). Moreover, some of the clinical applications can be helpful to read a patient’s biometrics information such as heart rate, ECG and respiratory rate and sent the details to the doctors in order to deal with the emergency situation. Thus, IoTs have made medical monitoring exceptionally easier than before. Meanwhile, unknowing or knowingly, IoTs have become a part of human life for better lifestyle and health provisions (Nitti, Atzori & Cvijikj, 2015).
There are different IoTs applications in the market that can be developed by the company to seek growth in the long run (Lee et al., 2016). Out of the different IoTs applications, two potential IoTs applications that have the potential to grow its demand to a peak in the span of five years are Smart Home Applications and Smart Farming Applications (Sood, Yu & Xiang, 2016). Smart Home Applications are already in the top of the table because of its high level benefits and regular usage in the human life. On the other hand, Smart farming is at the bottom of the table because of its few applications available in the current market. The two potential IoTs applications that can be developed by Smartech are discussed in details herein below:
Smart Home Applications include automatic light, fans and temperature controller. Along with that, it includes the security systems such as home monitoring systems that can be developed by the company to start its venture in the IoTs industry (O?ba, 2012). All of these appliances are conducted through the cloud computing network that enables the user to monitor the smart devices. Hence, there is a need of internet connection that makes the user aware of the people visiting their homes and provides them with a new experience (Watts, 2015). The Smart Home application is at the top list of the current IoT application market. It keeps the house safe and properly controlled.
The smart farming applications include remote sensors that take care of the pasture land. Telemetry networks are installed in the fields that continuously provide the farmers all information about the farm land. Along with that, sensors can be developed for the livestock that will use GPS to keep track of the animals (Piyare & Lee, 2013). All these devices are connected to the users using the cloud computing platforms. Though these applications are not much famous in the current market scenario, they have the potential to grow in the upcoming years with new developments (Pavan, 2015). It makes the Smart farming applications lie at the bottom of the list, but it has the potential to grow in the upcoming future.
There are several advantages and issues related to development of IoTs in the organisation. The advantages and issues with the IoTs are presented herein below:
The advantages of the IoTs are presented herein below:
The issues related with the IoTs are presented herein below:
Global product developers have identified IoTs as one of the most instrumental technologies to be implemented for business purpose. The remarkable technological advancement has opened up new dimensions in information and communication technology (ICT) (Weber & Weber, 2010). The IoTs has simply merged the physical world with the virtual world creating complete digital infrastructures for diverse usability. For instance, the evaluation of ICT has provided a broad range of applications and subdivisions to the societal public (Bandyopadhyay & Sen, 2011). Under the current circumstances, IoTs has evolved so many latest tracking devices and sensor technology that can be utilised to monitoring human activities, statistical data and human behaviour on a regular basis (Sheng, 2015). Thus, some of the ethical issues of privacy, security and safer management of data sharing must be identified under the ethical quandaries. Unknowingly social public have attached themselves to the IoTs without knowing the privacy policies and usability of the shared data. Hence, the research and development firms of IoTs must confirm the ethical liability of their products so that the consumers can be assured (Cooper & James, 2009). Furthermore, internet advertisers must become proactive so that accurate information can be supplied to the target demographic profile about the IoTs. Also, users and developers must consider the ethical assumptions of monitoring each of the moves of the human body during their daily lives.
Moreover, some of the social and legal consideration must be taken into identification before developing research-based IoTs. The acceptability and accurate usability of IoTs must be recognised at the societal front so that humans can find better living perspective through the IoTs and latest electronic devices. Also, invasiveness prospects of the IoTs must be analysed at the broader perspective (Kobayashi, 2016). On the other hand, legal factors and regulations must be considered in developing IoTs for global market perspective. Through the identification of the potential security problems and privacy issues, the IoTs must fit in according to the legislative restrictions. Invariably, the confidentiality and security of data must be protected under the laws of different countries (Yao, Wang, Farrokh-Baroughi, Wang, & Qian, 2013). Most importantly, the IoTs must fulfil the Data Protection Act, Human Rights Act, and Data Protection Directives to protect the individual rights of the consumers. In the case of innovativeness, IoTs must be registered under the patent regulations so that any violation of developing rights can be protected (Ziegeldorf, Morchon & Wehrle, 2013). Moreover, so-called standards of data sharing and transferring must be kept secret following the Data Privacy Policies. Meanwhile, the IoTs monitoring system must be verified under the Data Protection Act and regulations for regular workable practice.
The existing financial position of Smartech has forced the organisational management to innovate in the field of Internet of Things (IoTs) so that the commercial benefits of the IoTs can provide significant strengths to the financial structure of the Melbourne-based Research and Development Company. Under the current circumstances, Smartech can get massive future projects on the basis of Smart Home and Smart Farming Applications (Lee, 2016). The two identified IoTs have been more than a revolution to their target demographics profile. Furthermore, the opportunities are endless for both the selected IoTs in the upcoming future as there is massive global market. Primarily, the Smart Home Application has been highly demanded by the modern home-making companies willing to provide additional technological efficiency to their building.
By utilising the sensor technology, Smart Home Application can be controlled by the Smartphone of the operators to complete some operations significant for security, temperature control, cleaning purpose, lighting purpose and much more (Lee, 2016). As a result of the scenario, many investing companies will fund the research for Smartech. Conversely, the identified Smart Farming Application is another exceptional IoTs that is utilised for the commercial purpose in the farming industry (Rasmussen, 2015). By using the GPS technology, modern farmers can control shared data, latest technology and efficient agriculture standards through one touch of the Smartphone. In the United States of America, Australia and other European countries such Smart Farming Application can be a massive hit in the upcoming five years (Lee, 2016). Hence, on the basis of the global growth perspective, the opportunities are never-ending for the identified IoTs of Smartech.
Conclusion
The above discussion has identified the clear prospects for Smartech in developing the IoTs for the specialised niche market. Two of the identified IoTs such as Smart Home Applications and Smart Farming Applications can provide significant market prospect due to increasing standards of urbanisation. The contemporary business organisations and social public attached to the construction industry and farming industry have demanded latest technological advancement so that their lifestyle and productivity will be impressed. As a result of the scenario, in the next five years, the IoTs developed by Smartech can generate the impressive scale of demand in the niche market. The endless commercial benefits of the two identified IoTs can set significant standards in the competitive market area. By considering the efficient data mining procedure of the Smart Home Applications and Smart Farming Applications, Smartech can manufacture electronic gadgets and devices profitable for business perspective. Invariably, latest monitoring sensor technology must be efficiently applied to the IoTs so that users can get the highest sustainability.
Emerging Internet of Things has designed sustainable technologies for the target market linking the material and virtual world. Furthermore, through the identification of the social impacts of the IoTs, privacy, security, legal and ethical considerations must be addressed to develop emerging applications and communication paradigms supportive for social propagation. Also, the recognised IoTs can facilitate new dimensions for the users for better knowledge and infrastructural sustainability. Through the identification of latest prospects related to the specific Internet of Things (IoTs) of Smartech, the R&D team of the organisation can increase their performance standards in the niche market in the upcoming five years. Conclusively, the research data and findings of the investigation can show the sustainable efficiency of the IoTs so that it can commercially benefit the organisation.
Through the identification of the commercial propagation of the Internet of Things (IoTs), Smartech can invent the best IoTs usable in the Smart Farming and Smart Housing industry. Moreover, considering the discussion including the advantages and disadvantages of the IoTs, the research and development firm must understand the future perspective of the Internet of Things (Shi, Cao, Zhang, Li, & Xu, 2016). Similarly, the ethical, legal and societal considerations must be identified to not only focus on the profitability but also benefits of the social public. Therefore, through the critical analysis of the identified outcomes, three recommendations have been given in the underlying section to be followed by Smartech.
References
Almeida, V., Doneda, D. & Monteiro, M. (2015). Governance Challenges for the Internet of Things.IEEE Internet Computing, 19(4), pp.56-59.
Bandyopadhyay, D. & Sen, J. (2011). Internet of Things: Applications and Challenges in Technology and Standardization. Wireless Pers Commun, 58(1), pp.49-69.
Cooper, J. & James, A. (2009). Challenges for Database Management in the Internet of Things. IETE Tech Rev, 26(5), p.320.
Elwenspoek, M. (2011). Sensor technology 2001. Dordrecht: Kluwer Academic.
Juntao, L., Xiaolin, C. & Gang, L. (2013). Research of IOTs Complex Event for Supply Chain Application. TELKOMNIKA Indonesian Journal of Electrical Engineering, 11(8).
Kobayashi, G. (2016). The Ethical Impact of the Internet of Things in Social Relationships. IEEE Consumer Electron. Mag., 5(3), pp.85-89.
Lee, C., Guo, Y. & Yin, L. (2013). A Location Temporal based Access Control Model for IoTs. AASRI Procedia, 5, pp.15-20.
Lee, H., Na, O., Kim, Y., & Chang, H. (2016). A Study on Designing Public Safety Service for Internet of Things Environment. Wireless Pers Commun. https://dx.doi.org/10.1007/s11277-016-3230-z
Lee, I. (2016). An Exploratory Study of the Impact of the Internet of Things (IoT) on Business Model Innovation:. International Journal of Information Systems and Social Change, 7(3), pp.1-15.
McEwen, A. & Cassimally, H. (2014). Designing the internet of things. Chichester: Wiley.
Nitti, M., Atzori, L. & Cvijikj, I. (2015). Friendship Selection in the Social Internet of Things: Challenges and Possible Strategies. IEEE Internet of Things Journal, 2(3), pp.240-247.
O?ba, R. (2012). Intelligent sensor technology. Chichester, West Sussex, England: Wiley.
Olson, J. & Olson, G. (2015). Working together apart.
Ortiz, A., Hussein, D., Park, S., Han, S., & Crespi, N. (2014). The Cluster Between Internet of Things and Social Networks: Review and Research Challenges. IEEE Internet Of Things Journal, 1(3), 206-215. https://dx.doi.org/10.1109/jiot.2014.2318835
Pavan, E. (2015). Down on the Mapping Road. Progresses and Challenges of Mapping Internet Governance within the Global Media and Communication Governance Landscape. SSRN Electronic Journal.
Piyare, R. & Lee, S. (2013). Towards Internet of Things (IOTS): Integration of Wireless Sensor Network to Cloud Services for Data Collection and Sharing. IJCNC, 5(5), pp.59-72.
Rasmussen, T. (2015). Techno-Politics, Internet Governance and Some Challenges Facing the Internet.SSRN Electronic Journal.
Sheng, L. (2015). QoS Design and Its Implementation for Intelligent Industrial Ethernet. International Journal of Materials, Mechanics and Manufacturing, 4(1), pp.40-45.
Shi, W., Cao, J., Zhang, Q., Li, Y., & Xu, L. (2016). Edge Computing: Vision and Challenges. IEEE Internet Of Things Journal, 1-1. https://dx.doi.org/10.1109/jiot.2016.2579198
Sood, K., Yu, S. & Xiang, Y. (2016). Software-Defined Wireless Networking Opportunities and Challenges for Internet-of-Things: A Review. IEEE Internet of Things Journal, 3(4), pp.453-463.
Watts, S. (2015). The Internet of things (IoT).
Weber, R. & Weber, R. (2010). Internet of things. Berlin: Springer.
Wong, W. & Ma, T. (2013). Emerging technologies for information systems, computing, and management. New York, NY: Springer.
Yao, R., Wang, W., Farrokh-Baroughi, M., Wang, H., & Qian, Y. (2013). Quality-Driven Energy-Neutralized Power and Relay Selection for Smart Grid Wireless Multimedia Sensor Based IoTs.IEEE Sensors J., 13(10), 3637-3644. https://dx.doi.org/10.1109/jsen.2013.2262270
Ziegeldorf, J., Morchon, O. & Wehrle, K. (2013). Privacy in the Internet of Things: threats and challenges. Security and Communication Networks, 7(12), pp.2728-2742.
Essay Writing Service Features
Our Experience
No matter how complex your assignment is, we can find the right professional for your specific task. Contact Essay is an essay writing company that hires only the smartest minds to help you with your projects. Our expertise allows us to provide students with high-quality academic writing, editing & proofreading services.
Free Features
Free revision policy
$10Free bibliography & reference
$8Free title page
$8Free formatting
$8How Our Essay Writing Service Works
First, you will need to complete an order form. It's not difficult but, in case there is anything you find not to be clear, you may always call us so that we can guide you through it. On the order form, you will need to include some basic information concerning your order: subject, topic, number of pages, etc. We also encourage our clients to upload any relevant information or sources that will help.
Complete the order form
Once we have all the information and instructions that we need, we select the most suitable writer for your assignment. While everything seems to be clear, the writer, who has complete knowledge of the subject, may need clarification from you. It is at that point that you would receive a call or email from us.
Writer’s assignment
As soon as the writer has finished, it will be delivered both to the website and to your email address so that you will not miss it. If your deadline is close at hand, we will place a call to you to make sure that you receive the paper on time.
Completing the order and download