The document summarizes a smart home IoT solution that uses sensors, cameras, and connectivity technology to provide home security, elder care, energy management, and convenience. It discusses using 3G or broadband for connectivity. Revenue models include upfront and monthly fees shared between IoT and connectivity providers. Risks include cybersecurity issues in handling private data transmitted over the internet and ensuring regulatory compliance for data privacy.
2. • Cyber security is a major issue
• Since personal and private data can be
flowed to outside the country border,
there is risk handling customers data( i.e.
Video) maintaining regulatory compliance
Project Summary
1
3
IoT solution & benefits Business models
Smart Home Solution is an IoT Solution
which will ensure Home security, Elders
care, Energy Management and bring
convenience in our daily life
Technologies
For Connectivity 3G or Broadband l be be
used.
Sensors and Cameras will be connected to a
router which can be connected to internet via
3G or Wi-Fi
• IoT service providers will get up front cost
as well as Monthly fee
• Connectivity partners will bundle the
package with their other products and
service.
• Revenue sharing models between IoT
and Mobile/ ISP provider
Risks & Policies
2 4
4
5. Smart Home Solution
Technologies
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Technologies:
Feature Requirement Comment
Network Area
Wide Data from the sensors and Cameras to be sent to Hub which
will be connected to users mobile device via cellular/broadband
connections
Spectrum Dedicated
Battery life
Low Sensors and hub are plugged in to an electrical outlet
Connectivity cost Medium Price will be moderate as 3G or broadband connections
required
Module cost Medium Price of the device depends on combination of the modules
Bandwidth Medium
Moderate bandwidth required for passing video signal s from
security camera
3G Wi-Fi Broadband
6. 7
Most likely Business Model
Business models
Revenue of the
IoT company
Device
ownership
Revenue-sharing Recurring IoT company
Cost-savings sharing Recurring IoT company
Product-sharing Usage IoT company
Product-as-a-Service Recurring IoT company
Performance-as-a-
Product
Usage User
Transactional Upfront User
The product can be offered by Mobile or broadband service operator in partnership with IoT
device and solution provider.
Mobile / ISP operator: They can bundle this offer with their data package with monthly fee to
ensure trouble free services and after sales services
IoT device and solution provider: They can go into partnership with Mobile operator/
Broadband service operator for easy access to customer base. They will provide device, install
and integrate the full system with software. They will also provide after sales
7. Description of responsibility task
Mobile/
Broadband
operator
Device/
Solution
provider
Device P
Installation P
After sales Service P
Call centre P
Installation points across the country P
Installation team P
Advertising & Promotion p
Selling p
Revenue collection P
Split of Partners Responsibility
8. Threat of Cyber security
• Since this solution provide remote access to the property, there is risk if
anyone get access to others property by hacking
• There is risk of privacy threat
• Cyber security act and data privacy regulation needs to reviewed