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Internet of Things (IoT) is a current technology in the communication and computing field. With the help of this technology many application can be developed almost in every fields like health care, agriculture, education manufacturing, factories, automobile etc. In this fields the applications can be like smart home, smart office, smart farms, smart utilities, smart boards, smart vehicles, smart machines etc. To develop this kind of applications already many IOT startup companies are evolved. The current paper proposed a novel IOT product development cycle which will make easy for the developers in the IOT startup companies/individuals and in this paper few developed products based on the proposed development cycle were discussed.
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