DESC:A) CROSS-REFERENCE TO RELATED APPLICATIONS
The embodiments herein claim the priority of the Indian Provisional Patent Application filed on August 6, 2021 with the number 202131035693 and entitled, "SYSTEM AND METHOD FOR REAL-TIME DESIGN AND DEVELOPMENT OF INTERNET-OF-THINGS PRODUCTS", and the contents of which are included in entirety as reference herein.

B) TECHNICAL FIELD
[0001] The present invention is generally related to a system and a method for real-time design and development of Internet of Things (IoT) products. The present invention is particularly related to a system and a method for providing a digital platform that enables users to design and develop IoT products in real-time. The present invention is also related to a system and a method for providing a digital platform that enables the complete lifecycle management of designing, developing, and delivering IoT products.

C) BACKGROUND OF THE INVENTION
[0002] The process of product development is time-consuming. Especially, when designing a product in the domain of Internet of Things (IoT), multiple factors are to be considered. Even with the availability of a lot of information on the design and development available on the Internet, users do not have a tool or digital space for designing IoT products.
[0003] Currently, product designers take inputs from the users on the requirements to be met by an IoT product before designing. However, since the technical details are often not in the scope of the end users, who are also not always aware of the different options that exist in designing an IoT product, more often the product does not meet the expectations of the end-user. Also, it leads to multiple iterations for the designing of the product, and this takes a lot of time.
[0004] Hence, there exists a need for a system and a method that enables users or product developers to create an IoT product in real-time based on their exact requirements. There also exists a need for a system and a method that utilizes Artificial Intelligence for enabling users with the appropriate parts and components for designing an IoT product in real-time. There also exists a need for a system and a method that enables a marketplace for IoT products designed and developed in real-time, including the delivery of the products to their recipients.
[0005] The abovementioned shortcomings, disadvantages and problems are addressed herein, which will be understood by reading and studying the following specification.

D) OBJECT OF THE INVENTION
[0006] The primary object of the present invention is to provide a digital platform that enables users to design and develop Internet-of-Things (IoT) products in real-time.
[0007] Another object of the present invention is to provide a system and a method for providing a digital platform that enables the complete lifecycle management of designing, developing, and delivering IoT products.
[0008] Yet another object of the present invention is to provide a system and a method that enables users or product developers to create an IoT product in real-time based on their exact requirements.
[0009] Yet another object of the present invention is to provide a system and a method that utilizes Artificial Intelligence for enabling users with the appropriate parts and components for designing an IoT product in real-time.
[0010] Yet another object of the present invention is to provide a system and a method that enables a marketplace for IoT products designed and developed in real-time, including the delivery of the products to their recipients.
[0011] Yet another object of the present invention is to provide a system and a method for building an IoT metasearch engine for integrating product buyers, product sellers and facilitators, through centralized collaboration for value-added services discovery.
[0012] Yet another object of the present invention is to provide a system and a method for enabling an e-commerce platform with real-time bidding for IoT products based on user-defined requirements derived from the IoT metasearch engine results.
[0013] Yet another object of the present invention is to provide a computer-implemented method for leveraging and managing data in an IoT network, wherein the method includes data visualization through reports and dashboards.
[0014] Yet another object of the present invention is to provide a system and a method for enabling configuration and customization of a plurality of IoT related products and components.
[0015] Yet another object of the present invention is to provide a computer-implemented method for application of blockchain and crypto-currency in a private and secured IoT marketplace platform.
[0016] These and other objects and advantages of the present invention will become readily apparent from the following detailed description taken in conjunction with the accompanying drawings.

E) SUMMARY OF THE INVENTION
[0017] The various embodiments of the present invention provide a system and a method for enabling a digital platform that enables users to design and develop Internet-of-Things (IoT) products in real-time. The embodiments also provide a digital platform that enables the complete lifecycle management of designing, developing, and delivering IoT products.
[0018] According to one embodiment of the present invention, a product development engine is provided to enable users or product developers to create an IoT product in real-time based on their exact requirements. The product development engine is configured to utilize Artificial Intelligence and Machine Learning for enabling users with the appropriate parts and components for designing an IoT product in real-time. The product development engine includes an IoT marketplace for IoT products designed and developed in real-time, as well as other products from multiple vendors including the delivery of the products to their recipients. The product development engine resides on cloud with access to relevant hardware and software to involve a smart process to provide the relevant information and order custom products, which are shipped to an address of choice by the user.
[0019] These and other aspects of the embodiments herein will be better appreciated and understood when considered in conjunction with the following description and the accompanying drawings. It should be understood, however, that the following descriptions, while indicating the preferred embodiments and numerous specific details thereof, are given by way of illustration and not of limitation. Many changes and modifications may be made within the scope of the embodiments herein without departing from the spirit thereof, and the embodiments herein include all such modifications.

F) BRIEF DESCRIPTION OF THE DRAWINGS
[0020] The other objects, features and advantages will occur to those skilled in the art from the following description of the preferred embodiment and the accompanying drawings in which:
[0021] FIG. 1 illustrates a system for enabling the complete lifecycle management of designing, developing, and delivering IoT products, according to one embodiment of the present invention.
[0022] FIG.2 illustrates the functional blocks of a system that provides a digital platform that enables users to design and develop Internet-of-Things (IoT) products in real-time, according to one embodiment of the present invention.
[0023] FIG. 3 illustrates the modular engines of a system that provides a digital platform that enables users to design and develop Internet-of-Things (IoT) products in real-time, according to one embodiment of the present invention.
[0024] FIG. 4 illustrates the platform layers of a system that provides a digital platform that enables users to design and develop Internet-of-Things (IoT) products in real-time, according to one embodiment of the present invention.
[0025] FIG. 5 illustrates the functioning of the smart-search feature of the metasearch engine of the digital platform that enables users to design and develop Internet-of-Things (IoT) products in real-time, according to one embodiment of the present invention.
[0026] Although the specific features of the present invention are shown in some drawings and not in others. This is done for convenience only as each feature may be combined with any or all of the other features in accordance with the present invention.

G) DETAILED DESCRIPTION OF THE INVENTION
[0027] In the following detailed description, a reference is made to the accompanying drawings that form a part hereof, and in which the specific embodiments that may be practiced is shown by way of illustration. These embodiments are described in sufficient detail to enable those skilled in the art to practice the embodiments and it is to be understood that other changes may be made without departing from the scope of the embodiments. The following detailed description is therefore not to be taken in a limiting sense.
[0028] The various embodiments of the present invention provide a system and a method for enabling a digital platform that enables users to design and develop Internet-of-Things (IoT) products in real-time. The embodiments also provide a digital platform that enables the complete lifecycle management of designing, developing, and delivering IoT products.
[0029] According to one embodiment of the present invention, a product development engine is provided to enable users or product developers to create an IoT product in real-time based on their exact requirements. The product development engine is configured to utilize Artificial Intelligence and Machine Learning for enabling users with the appropriate parts and components for designing an IoT product in real-time. The product development engine includes an IoT marketplace for IoT products designed and developed in real-time, including the delivery of the products to their recipients. The product development engine resides on cloud with access to relevant hardware and software to involve a smart process to provide the relevant information and order custom products, which are shipped to an address of choice by the user.
[0030] According to one embodiment of the present invention, the system is configured to verify whether a product qualifies as an IoT product through a plurality of methodologies, wherein the methodologies include receiving visual, audio or textual information about the features of the product. The system is also configured to engage in an AI-enabled conversation with a user to receive a plurality of parameters. The received inputs are matched with pre-set parameters that determine whether a product qualifies as an IoT product.
[0031] According to one embodiment of the present invention, the system is configured to receive dimensional details of an IoT product to be designed and developed. The system is configured to receive the inputs in a plurality of ways including visual inputs of similar products, exact 2D or 3D digital design files, textual input of product dimensions and an audio or textual description of the physical parameters of the product. The system is also configured to receive information on the domain or sector of application of the product, along with a functional description of the application. The system comprises an AI engine to process all the inputs received with its pre-set machine learning algorithms and identify the shape, look and the physical parameters of the IoT product.
[0032] According to one embodiment of the present invention, the AI engine is configured to automatically suggest a plurality of sensors, microcontrollers, power sources, communication protocols and housing for enclosure of the IoT product to the user depending on the use-case and type of product. The user is also provided with an option to manually choose the components and experience the final product in a dashboard of the product development engine through conventional computer input-output methods and also using Extended Reality (XR) methods and equipment.
[0033] According to one embodiment of the present invention, an ecommerce module enables the users to place orders for the manufacturing and delivery of an IoT product designed using the product development engine. The ecommerce module also comprises an IoT marketplace that is configured to provide a digital marketplace for users to list, sell, and buy IoT products designed using the product development engine. The IoT marketplace comprises an aggregated ecosystem that orchestrates and integrates a collaborative platform for buyers, sellers and facilitators in order reduce supply chain impediments. The buyers and sellers include device manufacturers, components suppliers, services integrators, systems integrators, software developers and designers. The facilitators include shipment, logistics, delivery, distribution and retail agencies. The IoT marketplace is a centralized aggregation platform, which further comprises a meta search engine for search, discovery and identification of required IoT related devices, components, ingredients, kits, hardware, software products, services and solutions. After the search and identification of the said items, the IoT marketplace platform catalogues results in a consolidated display interface and enables the user to further take actions to publish custom requirements, bid for an already identified item (such as device, solution or services). Upon submission of a bid, the IoT Marketplace platform provisions a live auction mechanism by initiating further collaboration between buyer, sellers and facilitators. In a post-bidding scenario, the buyer selects sellers and facilitators to leverage the IoT marketplace for further configurations and automation of services and solutions by using a monitoring and control interface. This interface also provides an end-to-end view of order lifecycle, including multiple reports and dashboards. The IoT marketplace platform is configured as a centralized B2B hub for global IoT supply-chain and designed to benefit a plurality of parties involved in discovering, producing and delivering IoT products, services and solutions.
[0034] FIG. 1 illustrates a system for enabling the complete lifecycle management of designing, developing, and delivering IoT products.
[0035] FIG.2 illustrates the functional blocks of a system that provides a digital platform that enables users to design and develop Internet-of-Things (IoT) products in real-time.
[0036] FIG. 3 illustrates the modular engines of a system that provides a digital platform that enables users to design and develop Internet-of-Things (IoT) products in real-time.
[0037] FIG. 4 illustrates the platform layers of a system that provides a digital platform that enables users to design and develop Internet-of-Things (IoT) products in real-time.
[0038] FIG. 5 illustrates the functioning of the smart-search feature of the metasearch engine of the digital platform that enables users to design and develop Internet-of-Things (IoT) products in real-time.
[0039] Although the embodiments herein are described with various specific embodiments, it will be obvious for a person skilled in the art to practice the embodiments herein with modifications.

H) ADVANTAGES OF THE INVENTION
[0040] The various embodiments of the present invention provide a system and a method for enabling a digital platform that enables users to design and develop Internet-of-Things (IoT) products in real-time. The embodiments also provide a digital platform that enables the complete lifecycle management of designing, developing, and delivering IoT products. The present invention provides a system and a method for building an IoT metasearch engine for integrating product buyers, product sellers and facilitators, through centralized collaboration for value-added services discovery. The present invention also provides a system and a method for enabling an e-commerce platform with real-time bidding for IoT products based on user-defined requirements derived from the IoT metasearch engine results, and provides a computer-implemented method for application of blockchain and crypto-currency in a private and secured IoT marketplace platform. The users of the present invention are provided with an option to experience the final product in a dashboard of the product development engine through conventional computer input-output methods and also using Extended Reality (XR) methods and equipment. The computer-interface of the invention also provides an end-to-end view of order lifecycle, including multiple reports and dashboards. The IoT marketplace platform is configured as a centralized B2B hub for global IoT supply-chain and designed to benefit a plurality of parties involved in discovering, producing and delivering IoT products, services and solutions.
[0041] The foregoing description of the specific embodiments will so fully reveal the general nature of the embodiments herein that others can, by applying current knowledge, readily modify and/or adapt for various applications such as specific embodiments without departing from the generic concept, and, therefore, such adaptations and modifications should and are intended to be comprehended within the meaning and range of equivalents of the disclosed embodiments. It is to be understood that the phraseology or terminology employed herein is for the purpose of description and not of limitation. Therefore, while the embodiments herein have been described in terms of preferred embodiments, those skilled in the art will recognize that the embodiments herein can be practiced with modifications. However, all such modifications are deemed to be within the scope of the claims.
,CLAIMS:We claim:
1. A system for enabling design and development of Internet-of-Things (IoT) products in real-time, the system comprising:
an input module, wherein the input module includes a plurality of sensors and digital input devices that are configured to receive a plurality of input from a human user in audio, visual, haptic or textual means, or in form of a plurality of digital files;
a processing module, wherein the processing module comprises a plurality of preset modular engine modules that are configured to perform specific tasks, and wherein the processing module further comprises an Artificial Intelligence module;
a communication module, wherein the communication module is configured to connect the system to a plurality of remote or local computing devices through wired or wireless means;
a verification module, wherein the verification module is configured to analyze the inputs received in the input module and identify whether a set of inputs satisfactorily describe an IoT product that is to be designed, and wherein, the verification module is also configured to provide feedback and information to the human user through audio/visual and textual means;
an e-commerce module, wherein the e-commerce module is configured with an IoT marketplace module, wherein the IoT marketplace module comprises information on a plurality of devices and components that are required to create an IoT product, and wherein, the IoT marketplace module is configured to identify the availability and suitability of a plurality of IoT devices and components necessary to design an IoT product described by the inputs provided by the human user, and wherein, the IoT marketplace is also configured to enable a human user to conduct financial transactions, place order and purchase a plurality of components and devices listed in the marketplace, and wherein, the e-commerce module comprises a plurality of functional platform layers; and,
a rendering module, wherein the rendering module comprises a digital display module that is configured to render and display on a plurality of computing devices and digital display devices through wired and wireless means.

2. The system as claimed in claim 1, wherein the e-commerce module also comprises a Logistics & Shipment Agencies module, a Distributors, Dealers and Retailers module, a Device Manufacturers module, a Network Integrators module, a Service Integrators module, a System Integrators module, a Ingredients Manufacturers module, a Component Manufacturers module, a IOT Operators & OEMS module, a Software Developers module, a Cloud Services Providers module and a VLSI Designers module.

3. The system as claimed in claim 1, wherein the e-commerce module further comprises a Search & Discover module, a Devices & Things module, a Delivery module, a Monitor & Control module, a Buy & Build module, a Publish & Bid module, a Components module, an Ingredients module, a Boards module, a Protocols module, a Gateways module, a Stakeholders module.

4. The system as claimed in claim 1, wherein the e-commerce module further comprises a plurality of functional platform layers including a Subscription layer, a Communication layer, a Data Governance layer and a Cloud Stream Layer.

5. The system as claimed in claim 1, wherein the processing module comprises a Subscription engine, a Metasearch engine, a Publishing engine, a Bid & Buy engine, a Configuration engine and a Monitoring & Control engine.

6. A method for enabling design and development of Internet-of-Things (IoT) products in real-time, the method comprising:
registering a new user on a digital portal by creating user credentials;
authenticating the user when an attempt to login is made;
receiving a request from a user through an input module;
rendering a plurality of options to the user for creating a custom design of an Internet-of-Things (IoT) product;
receiving a plurality of inputs provided by the user and designing an IoT product with additional inputs and validation from an Artificial Intelligence module;
rendering a finished product on a plurality of display devices and computing devices; and,
activating an e-commerce module to enable the user to select, order and purchase a plurality of components and devices comprised in the IoT product that is designed.

7. The method as claimed in claim 6, wherein the input module includes a plurality of sensors and digital input devices that are configured to receive a plurality of input from a human user in audio, visual, haptic or textual means, or in form of a plurality of digital files.

8. The method as claimed in claim 6, wherein the e-commerce module comprises a plurality of functional platform layers including a Subscription layer, a Communication layer, a Data Governance layer and a Cloud Stream Layer, and wherein, the e-commerce module also comprises a Logistics & Shipment Agencies module, a Distributors, Dealers and Retailers module, a Device Manufacturers module, a Network Integrators module, a Service Integrators module, a System Integrators module, a Ingredients Manufacturers module, a Component Manufacturers module, a IOT Operators & OEMS module, a Software Developers module, a Cloud Services Providers module, a VLSI Designers module, a Search & Discover module, a Devices & Things module, a Delivery module, a Monitor & Control module, a Buy & Build module, a Publish & Bid module, a Components module, an Ingredients module, a Boards module, a Protocols module, a Gateways module, a Stakeholders module.