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“Smart” $h*t
and the Internet of Things
communal
Makesdecisions
SensesInteracts
Adapts Remembers
What makes a thing Smart?
What makes a smart thing successful?
Viability and sustainability
MarketMatrix
First-World Gimmick Magic elixir/Comical factor
PLEASURE
NO NATURAL OCCURRENCE
Value proposition- Makes you look cool and
‘techie’- Satisfies gadget addiction- Blackmail motivation
Customer Segments- Excessive disposable income- Tech’ obsessed- Controlled by status- Limited willpower/too lazy for
alternatives
The gimmick business model
Revenue streams- One-off hardware sales- Recurring pro’ services- Future: selling “big data”
Cost/price structure- Hardware cost+markup (Usually
doesn’t cover SW dev’)
Accelerometer
Haptic feedback
Bluetooth
Microcontroller
Value proposition- “Increase energy levels”- “Improves wellness”- ‘Fitness Coach’- Discreet stylish wearable,
especially for formal workouts
Customer Segments- White collar pseudo-fitness-fanatic- Hypochondriac?- Obese/Anorexic?
The ‘Smart’ belt
Value proposition“Interact with your pets from
anywhere”Create hours of cat videos
Customer SegmentsCrazy cat ladies?
The ‘Smart’ Pet sitter
Wi-Fi
HD VideoAudio I/O
Laser + servo
Value proposition- Track liquid calories/diet- ‘Goal coach’
Customer Segments- Diabetes suffer?- Obese/Anorexic?
The ‘Smart’ cup
LED Display
Bluetooth
Microcontroller
LiquidSensor
Value proposition“Syncs with your smartphone”
Customer Segments???
Bluetooth Pregnancy test
Bluetooth
PH sensor-thingy?
Value propositionKeeps your feet at a perfect temperature
Customer SegmentsThose who don’t like socks?
HeatingElement
Bluetooth
Microcontroller
TemperatureSensor
The ‘Smart’ insole
1. A Smart “thing” is only as smart as the prescriptive value it provides to the ecosystem it belongs
What can we conclude?
2. Data is like earth, it’s the foundation of everything, and with energy and effort you might find gold, but most the time it’s just dirt
3. B2C IoT gadgets miraculously work with the gimmick model… (HOwever have a bigger sustainable strategy... OR focus on the US market...)
Thanks!