The Architecture of IoT- Designing Products for IoT Offering High Value to the Customers in Terms of Cost and Operation

Abstract

As sensors, computational devices, and high-speed connectivity are becoming inexpensive, it is possible to combine them into a technology known as “Internet of Things (IOT)” to automatically monitor products, assets and resources, which are otherwise attended by humans. For example, IOT can be used to monitor a water meter, teddy bear, refrigerator, and a library book to name a few. IOT technology has the potential to change the way manufacturers designs products, which are no longer passive objects. Although industries realize the potential of IOT, currently they are assessing business implications of implementing IOT. This paper examines an important IOT- related topic, namely, “Designing for Internet of Things”. It identifies ground rules for designing products for IOT offering high value to the customers in terms of cost and operation. It also formulates a set of metrics to assess the attributes of “Design for Internet of Things” of products.