Singapore University of Social Sciences

Data Strategy and IoT Business Models

Data Strategy and IoT Business Models (AIT505)

Applications Open: 01 May 2024

Applications Close: 15 June 2024

Next Available Intake: July 2024

Course Types: Modular Graduate Course

Language: English

Duration: 6 months

Fees: $2200 View More Details on Fees

Area of Interest: Science and Technology

Schemes: To be confirmed

Funding: To be confirmed

School/Department: School of Science and Technology


Synopsis

Almost every organization has the buy-in from its senior management for carrying out AI and IoT projects for enhancing the business. However. AI and IoT is not mere collection of data and storing them in archives. The IoT projects must not be like adding sensors, retrieving the data and displaying them to the stakeholders as value-add. The IoT projects must be properly and carefully designed to capture and deliver long-term innovative and differentiated value. Thus a proper data strategy and use of appropriate IoT business model is crucial. This course introduces data strategy, challenges in data integration and the IoT business models.

Level: 5
Credit Units: 5
Presentation Pattern: Every July

Topics

  • IoT data capture and management
  • Data volume, complexity, security and privacy
  • IoT Business Model
  • IoT product development and monetization
  • Subscription-based model
  • Outcome-based model
  • Asset sharing model
  • Asset tracking model
  • Compliance model
  • Data-driven model
  • Razorblade model
  • Pay-per-usage model

Learning Outcome

  • Discuss the methods available for capturing data.
  • Examine the complexity and volume of data that can be generated by an IoT system.
  • Compare the different business models available to monetize the proposed IoT solution.
  • Recommend appropriate business models for the proposed IoT system.
  • Plan a strategy for data capture and management.
  • Appraise the resources required for the IoT solution.
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