FA-0768Embedded Systems and Hardware

Introduction to IoT and Its Business Models

Connected-device foundations, value creation and product strategy

Introduction

Why this course

Understand the Internet of Things and how connected devices can support products and services. Explore the value stack, productisation and business-model choices in accessible terms.

The course is designed for non-technical learners and technology-curious participants. It discusses device concepts and commercial considerations without hardware construction or programming.

Learning outcomes

Learning outcomes

  • Explain IoT and recognise the role of devices, connectivity and supporting services.
  • Describe an illustrative connected-device concept.
  • Discuss the value stack and business considerations of an IoT initiative.
  • Compare product, business and revenue models at an introductory level.
  • Recognise ecosystem dependencies and user-adoption considerations.
Prerequisites

Prerequisites

No technical prerequisites. An interest in connected products and business applications is sufficient.

Training outline

3 modules

·
01Module 1 — IoT foundations3 topics
  • Introduction to IoT and connected-device concepts.
  • Foundations: physical sensing or actuation, connectivity and supporting digital services.
  • Consider an illustrative device and its intended purpose.
02Module 2 — Value and productisation3 topics
  • IoT value stack and the relationship between devices, services and user value.
  • Productisation: turning a concept into an offering.
  • Behavioural-economics and user-adoption considerations at an introductory level.
03Module 3 — Business and ecosystem choices3 topics
  • Business models and revenue models.
  • Ecosystem roles, dependencies and implementation considerations.
  • Discuss trade-offs without assuming a particular commercial outcome.

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Introduction to IoT and Its Business Models
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Introduction to IoT and Its Business Models