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The Impact of IoT on Intelligent Businesses

The Impact of IoT on Intelligent Businesses
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Author(s): Hesamoddin Motevalli (Faculty of Engineering, University of Eyvanekey, Semnan, Iran)
Copyright: 2024
Pages: 16
Source title: Building Smart and Sustainable Businesses With Transformative Technologies
Source Author(s)/Editor(s): Hamed Nozari (Department of Management, Azad University of the Emirates, Dubai, UAE)
DOI: 10.4018/979-8-3693-0210-1.ch005

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Abstract

IoT is about improving trade forms and arrangements using sensors, gadgets, doors, and stages. Utilizing the IoT by collecting all data in one put, producers can make intelligent decisions in their business and design more efficient and optimal processes. Therefore, the IoT can be useful for companies by reducing costs, increasing efficiency, progressing client involvement and fulfillment, and expanding dynamism and adaptability. As a result, by utilizing the IoT in businesses, they have lower upkeep costs and superior disappointment administration. In an inventive trade, an observing framework based on the IoT predicts issues and permits ideal time planning for exercises. By utilizing the IoT, companies can robotize forms and decrease labor costs. It also moves forward benefit conveyance and gives transparency in exchanges to the client. In this respect, this chapter bargains with the essential definition of the IoT, the sorts of IoT gadgets, how to utilize them in businesses, the reason for clever companies, and when it is considered intelligent.

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