So, doesn't this solution present any challenges?
Operational challenges are more on the IoT company side than for you as a user. Like false alarm or failure to trigger faulty system alarm, theft and improper use of equipment, interference. Also the IoT company depends on the mobile operator for network coverage.
Indeed, i need to be assured of privacy and security of personal data and have control over it. Furthermore the Regulatory Authority has to support necessary measures to reduce privacy and security risks or failures
Furthermore, it is important that there is a Service Level Agreement between you and the IoT company. Also consumer privacy and security must be priority.
The systems will be using 3G mobile technology available in the villages to send system data to the city and customers will receive relevant info on their mobile phone
Yea, Connectivity should be reliable and secure for mobile payment transactions
That's a wide area network and dedicated spectrum
Bandwidth usage is low to medium, not much bandwith is needed for data traffic of this kind
Sensors and actuators will be powered by solar power. Connectivity cost should be low to medium, depending on bandwidth usage. Module cost depends on customer requirements.