Preview

Smart Products And ServicesA Smart Products

Satisfactory Essays
Open Document
Open Document
670 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Smart Products And ServicesA Smart Products
Smart Products and Services
A smart products is an electronic device, generally connected to other devices or networks via different protocols such as Bluetooth, NFC, WiFi, 3G, etc., that can operate to some extent interactively and autonomously. It is widely believed that these types of devices will outnumber any other forms of smart computing and communication in a very short time, in part, acting as a useful enabler for the internet things.
Uses of Smart Services
Minimize maintenance and repair cost
Cost effectiveness
User Friendly
Time effectiveness
Customer and user satisfaction
Importance of Building smart products and services
It’s not enough for companies to offer valuable services for their products but to provide “smart service”
For smart services, usage of IT to build “smart products”
Smart products can detect approaching failure and alert users
Gives the company opportunity to provide maintenance services and enjoy the resulting benefits
Benefits of smart products and services to Business
In business, “Smart” means solving problems fast and efficiently
Decreases the cost and increases the profit
Expansion of customer base in the market
The functionality, efficiency, reliability and sustenance of smart product and service will also be the other key components to affect the customer and market
Importance of building smart products and services
The more functions a product has, the higher price will be sold
If manufacturing companies can develop smart products or smart services, they can gain those benefits

Examples of Smart Products and services
Smart Systems for Cars for sale mobility and pedestrian safety
Pedestrian Recognition, Intersection Control, Lane Departure Warning, Stability Control, Detection of Surface and Pavement Conditions, Night Vision, Driver Condition Monitoring, Redundant Systems for Vehicle Control and Emergency shutdown

Driver Assistance Smart System
Autonomous Handling of Routine Driving Conditions, Driver Information on

You May Also Find These Documents Helpful

  • Good Essays

    A particularly well known product today that was once a blue ocean is the smart phone. At one time, the average consumer could be found carrying a cell phone, a personal digital assistant (PDA), and an MP3 player on them during the day. Cell phones were used for making and receiving calls; some had options for text messaging, but that was the extent of a mobile phone years ago. PDA’s were used to manage communication and schedules, most needing to connect directly to a PC for updates. MP3 players were devices setup to store music for playback at the request of the owner. Simply said, three devices to remain on the move in society. Apple was already one of the frontrunners in the MP3 player market with their iPod. They choose not to invent a PDA, claiming smart phones would eventually replace these devices in the future.…

    • 777 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Also, the provision of services which gives companies competitive advantages in flexibility, distribution costs, including for this reason they are a vital part of an excellent innovation. The support technology does not change the functionality of the process or product but allows companies to execute strategies faster turning this into a competitive advantage; “Duracell Powermat” will not change Starbucks operating process, but will help them stay ahead of its competitors. Thus, this is the main reference information technologies that can improve decision making and financial management (Gitman & McDaniel,…

    • 1104 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    Nt1330 Unit 7

    • 481 Words
    • 2 Pages

    Technology changes every day and new. Majority of the world are now using numerous of smart devices. Ex, smart phones, smart TV, Tablets, smart cars and smart watches.…

    • 481 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The Smart Chips Company is in an immediate need of product reconstruction due to other competitors cloning their micro- chips and selling them at extremely low prices that anyone couldn’t resist. In order for The Smart Chip Company to undergo these drastic changes, first they will need to determine how they will input these six requirements of Value Chain Management and utilize them in hopes of remaining competitive in the long run. The six requirements for Value Chain Management are as follows, Coordination and Collaboration, Technology Investment, Organizational Process, Leadership, Employees and Human Resources, and Organizational Culture and Attitudes. At The Smart Chips Company, I would utilize Coordination and Collaboration by getting our employees to come together and continue corresponding effectively with our consumers and ensuring that our products are being distributed to our merchants in a suitable manner while ensuring that we continuously supply our exceptional services.…

    • 461 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Today, we live in a dynamic and eclectic community. The wave of innovations and the velocity of change in globalization and technological advances result in new market forces. To survive and prosper in such an environment, intelligent innovations are imperative. The ultimate purpose of innovation is to help create a future where other generations can enjoy a safe and convenient life. New technologies should focus on being smarter rather than stronger because smarter things can respond to the environment by altering their properties and they offer more functionality than conventional things, which is imperative in today’s society of cutting edge technology.…

    • 818 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Samsung, The South Korean based electronics company, is introducing a new line of High Definition televisions, the Smart TV line of LED, Plasma and 3D with Smart TV technology. Prior marketing plans for the Smart TV have identified the market needs and potential market growth, the target markets and segmentation, the benefits of the Smart TV over competitors’ products, and how Samsung can position itself at the head of the new interactive television landscape. The following recommendations were made to assist Samsung in becoming the Smart TV leader. These recommendations are:…

    • 3708 Words
    • 11 Pages
    Powerful Essays
  • Better Essays

    A smart business will want to think about adapting or slightly changing their services and products so that the customers will not be disappointed .…

    • 1583 Words
    • 7 Pages
    Better Essays
  • Better Essays

    Levitt (1972) argued that the idea that service industries are fundamentally different from others is incorrect and impedes progress in firms. Thus, he prescribes that firms reengineer their service functions with the same approach that had been so successfully used for manufacturing functions. That is, instead of focusing on the human-aspect of service and improving the human that delivers the service, he believes that we should be oriented toward the efficient production of results, trying to find entirely new ways of performing present tasks or even changing the tasks themselves. This essay explores the validity of his theory, presenting arguments from both sides.…

    • 2158 Words
    • 9 Pages
    Better Essays
  • Good Essays

    WInning or longitivity

    • 904 Words
    • 3 Pages

    The old adage “if it’s not broke, don’t fix it” is not applicable for the current competitive world. Even though the company is producing a satisfactory and the best product in the market it is high-risk for the company to go on with the same product. It is very important for the company to continuously innovate the current product to exceed the customer expectations and maintain gap between themselves and the rest of the competitors. Here we can take an…

    • 904 Words
    • 3 Pages
    Good Essays
  • Good Essays

    companies need to focus on the service require ment and pr ofit potential of the…

    • 628 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Home Appliance Case Study

    • 1275 Words
    • 6 Pages

    | Many consumers were demanding appliances that are attractive, convenient and easy to clean for that consumers are willing to pay top prices for top of the fine appliances that enhances their décor's and save precious time. The manufactures have responded to the consumer demands, by manufacture smart appliances with sophisticated electronic controls and self diagnostic features.…

    • 1275 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    This case is about the benefits rendered upon the manufacturing industry with the evolution of the smart products. The case highlights the shift in consumer preferences of the products and services offered by various manufacturers and the evolution of Information Technology as a method to deliver these “Smart Products”. As highlighted in the case of these three companies, the choice of customers is no longer restricted to a bundled offer of product and maintenance services. It has transitioned to a higher level of customer satisfaction which cannot be achieved without the effective and an efficient use of Information Technology Systems. Companies are fast deploying the various facets of Information Systems in their manufacturing processes to deliver these benefits and maintain or increase their competitive advantage. Effective Implementation of Smart Products can help the companies achieve the following broad benefits  Support of business processes and operations  Support of decision making by employees and managers  Support of strategies for competitive advantage The case revolves around the innovative solutions (referenced below) provided by the three companies and how they used the Information Technology in their product development process to deliver the smart service. Heidelberg which developed a remote monitoring system which covered its entire footprint of printing presses deployed at client locations Honeywell which developed a control and automation system deployed in the refineries of its clients dealing with the Oil Industry Eaton which revolutionized the home security industry with its trade mark product, “Heart Beat “…

    • 1878 Words
    • 8 Pages
    Powerful Essays
  • Better Essays

    Abstract-Usually, an automobilist interacts with the other passengers to stay alert during a journey. This methodology may not actually help him to the mark. But, an application of the artificial intelligence can fix the issue. It is called as “Artificial Passenger”.…

    • 3490 Words
    • 100 Pages
    Better Essays
  • Satisfactory Essays

    Smart technology

    • 13442 Words
    • 65 Pages

    PROJECT CHARTER PROJECT SAP Implementation at Smart technology -----------------------------------------------------Table of Contents 1 Implementation Strategy.........................................................................................................6 1.1 Methodology................................................................... .................................................... 6 1.2 Project Plan......................................................................................................................... 7 2 Project Organization................................................................................................................8 2.1 Project Organization Structure:...........................................................................................9 2.2 Project Sponsor (PS)...........................................................................................................9 2.3 Steering Committee Member (SCM)..................................................................................10 Description............................................................................................................................…

    • 13442 Words
    • 65 Pages
    Satisfactory Essays
  • Satisfactory Essays

    New Gadget

    • 407 Words
    • 2 Pages

    Since nowadays almost everyone at least have one apple product, such as iPhone and iPad, I decided to choose this new gadget called Kii, which relates with apple product as my topic for the final project.…

    • 407 Words
    • 2 Pages
    Satisfactory Essays