SWOT is an abbreviation of Strengths, Weaknesses, Opportunities
and Threats. Here, Strengths and Weaknesses are internal and related to
projects within the company; however, Opportunities and Threats are external things
going outside. Before initiating my project, I will specify everything required
to develop the project. Below I am sharing the layout of the same:
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SWOT Analysis
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S
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W
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O
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T
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Strengths
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Weaknesses
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Opportunities
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Threats
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Protection of assets and valuables
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Expensive
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Wider area and market growth
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Constant
Change in Technology
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Deterioration
in crime rates
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Vulnerable and can be hacked
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Employment
and job opportunities
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Highly competitive market
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Remote Monitoring
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Intrusion
of privacy
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Detection of potential crime
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Systems
can be misused for theft
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Alerts
during any intrusion
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Do not prevent crime
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Flexibility
for working individuals
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Sense of security (Phychological)
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Monitor
a limited area
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Collect
Evidence and keep records
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