Sensors: Exploring the opportunities and challenges for business.

Sensors: Exploring the opportunities and challenges for business.

A sensor is a device that detects and responds to some type of input from the physical environment. The specific input could be light, heat, motion, moisture, pressure, or any one of a great number of other environmental phenomena. Sensors are not just a new phenomenon as variations of these technologies have been around for years but with the expansion of wifi, the availability of cheaper devices and societies acceptance to such technologies we are now facing the ‘perfect storm’ for growth. This assessment aims to encourage understanding of what the many opportunities and challenges are going to be as more and more sensor start to be embedded into business environments. You are asked to write a literature review to provide a theoretical understanding of sensor technologies (you can choose one sector, or one product, or take a general overview of the connected world), then create an academic poster to demonstrate a practical understanding of sensor (the same topic areas as the literature review):

Quick Response

Despite increased devices that are cheap, sensor technology is rapidly changing with increased innovation. Research and development have played a significant role in influencing changes and opportunities for the sensors business. The trends include developed tailored products that meet the desired results. That has led to the development of complex sensor systems such as a microelectronic chip(Grattan & Meggitt, 2013). Another strategy includes the development of dual-use as well as commercialization efforts. This approach is meant to enable a wider spectrum of applications in comparison to the earlier instances. Such can be thought of as an opportunity to promote increased sales and market penetration. Another opportunity includes exploration and exploitation of materials that are developed with the intention of sensing as a way of influencing technology advancements while preventing financial risks…

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