Vertical and horizontal markets can benefit from IoT solutions.
Topic 1: Vertical and horizontal markets can benefit from IoT solutions. When these solutions span the breadth of an industry, a holistic approach is achieved. This creates new opportunities in the IoE and provides value to people.Explore the scenarios below. Select two of them and identify whether the scenario is a solution for a horizontal market or vertical market. Share your answers with the class explaining your rationale.
An energy management system that automatically adjusts room temperature based on the environment and usage
Ingestible microchips that send signals to notify the doctor that the pill was swallowed
Electronic sensors on railroad tracks that transmit information to an operations center about track conditions and the speed of rail vehicles
Water sprinklers that adjust to the temperature, sunlight, and soil conditions
Sensors embedded in roadways to adjust the timing of stoplights according to traffic conditions
A shipping management system that tracks the movement, vibration, and light exposure time of milk
A system of sensors that track the speed and location of all the players during a sporting event
Inventory tracking system in a grocery store that provides real-time updates to shoppers, employees, and vendors
Requirements: a paragraph
Answer preview to vertical and horizontal markets can benefit from IoT solutions.
APA
225 words