Analysis of Waracle's Business Model: IoT and 3D Printing Integration

This report examines Waracle's entrepreneurial opportunities and business model in the context of emerging technologies, specifically the Internet of Things (IoT) and 3D printing. It discusses the strengths, weaknesses, opportunities, and threats associated with integrating these technologies into Waracle's operations. IoT offers cost reduction and environmental benefits, while 3D printing enables customized material offerings. However, challenges include security threats, infrastructure requirements, and potential environmental impacts. The report concludes by highlighting the importance of these technologies for Waracle's future development and profitability, referencing academic sources to support its analysis. Desklib offers similar solved assignments and resources for students.

INTRODUCTION
Business is an organisation or business entity where various
type of activities are performed in order to produce goods and
services for earning profit form selling them in the market.
Entrepreneurship
Internet of things- Internet of things provide various benefits to everyone
by keeping them connected with other things that are exist in day-to day
lives. In context of Waracle, internet of things technology help them to
develop its new business model and also achieve various opportunities
from it.
Strength: Iot helps to reduce cost of Waracle that is important for purpose f
increase profit of company. It also a environment friendly technology
which is based on innovation. It is east to use and also create interest of
public.
Weakness : It is creating a threat for security of business and also create
challenges for data. It also require massive investment which create
threat for investment of business.
Opportunity: It is creating opportunity for business as it can be applied in
healthcare application. It can also create threat fro infrastructure
management and also providing different profitability investment
opportunity to business of Waracl.
Threat: It create threat for business of Waracle as there is risk of
vulnerability of hackers in business. It does not allow business to meeting
expectation of people which does not allow them to get profit for
business. There is lack of demand in business of this technology.
CONCLUSION
From the above discussion it can be concluded that emerging
technologies in the business provide various benefits to the
company in order to develop their new business model and
also get opportunities for future developments. By using 3D
printings technology in business provide various benefits
such as in manufacturing process, development of new
service model, reduce complexity level, save time and cost,
and so on.3-D printings- In context of Waracle, it can also manufacture
its offerings according to demand and also save their time.
Strength: it is one of technology which does not create
burden of cost on Waracle as it consist low cost.
Weakness: It is one of expensive tool for Waracle as
operating it in company does not create much cost on
company but it consist other cost in initiate phase of
company.
Opportunity: It allow Waracle to offer customised material
to their customers which is important in order to offer
differentiation in market .
Threat: Waracle is one of organisation which is using 3D
printing which can create impact on environment that
REFERENCES
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Fernandez, S., 2021. Making space in higher education:
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Loong, E.Y.K. and Herbert, S., 2018. Primary school
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