scholarly journals Characteristics and Challenges of the Internet of Things in Entrepreneurship

2020 ◽  
Vol 43 (338) ◽  
pp. 27-34
Author(s):  
Lasma Licite-Kurbe ◽  
Athul Chandramohan

AbstractThe Internet of Things (IoT) is a computing concept that describes the idea of everyday physical objects being connected to the Internet and being able to identify themselves to other devices, and day by day it becomes popular in everyday life as well as in entrepreneurship. The IoT covers broad areas, including manufacturing, the health sector, agriculture, smart cities, security and emergencies among many others. The market for the industrial IoT is estimated to surpass 107 billion euros by 2021 and reach a compound annual growth rate of 7.3% as of 2020. The IoT makes an impact on all industries and provides benefits for various areas of business; however, business may be faced with some risks as well. The research aim is to analyse the benefits and risks of the IoT in entrepreneurship. The descriptive method, analysis and synthesis, the induction and deduction methods were used to achieve the aim. The research has revealed that the IoT can provide several opportunities for business in all fields of operations – marketing, logistics, accounting and human resource management. However, businesses may be faced with some challenges related to privacy and security, processing, analysis and management of data, as well as monitoring and sensing.

2020 ◽  
Vol 8 (6) ◽  
pp. 3892-3895

Internet of Things network today naturally is one of the huge quantities of devices from sensors linked through the communication framework to give value added service to the society and mankind. That allows equipment to be connected at anytime with anything rather using network and service. By 2020 there will be 50 to 100 billion devices connected to Internet and will generate heavy data that is to be analyzed for knowledge mining is a forecast. The data collected from individual devices of IoT is not going to give sufficient information to perform any type of analysis like disaster management, sentiment analysis, and smart cities and on surveillance. Privacy and Security related research increasing from last few years. IoT generated data is very huge, and the existing mechanisms like k- anonymity, l-diversity and differential privacy were not able to address these personal privacy issues because the Internet of Things Era is more vulnerable than the Internet Era [10][20]. To solve the personal privacy related problems researchers and IT professionals have to pay more attention to derive policies and to address the key issues of personal privacy preservation, so the utility and trade off will be increased to the Internet of Things applications. Personal Privacy Preserving Data Publication (PPPDP) is the area where the problems are identified and fixed in this IoT Era to ensure better personal privacy.


Author(s):  
Muralidhar Kurni ◽  
Somasena Reddy K.

Connected devices have access to every part of our lives with the increasing implementation of the internet of things (IoT), from home automation, health and fitness, automobile, logistics, to smart cities, and industrial IoT. Therefore, it is only natural that IoT, connected devices, and automation find their application in agriculture, and as such, greatly enhance almost every facet of it. In recent decades, farming has undergone a variety of technological changes, becoming more industrialized and powered by technology. Farmers have gained effective control and efficiency over the process of raising livestock and growing crops through the use of various smart farming devices. Within this chapter, the authors discuss and analyze the advantages of using IoT within agriculture. They present the IoT system architecture to allow smart farming. This chapter also covers the advantages of integrating the blockchain into the agricultural field. Case studies are included in the end for your reference.


Author(s):  
Wendy W. Fok ◽  

Minerva Tantoco was named New York City’s first chief technology officer last year, charged with developing a coordinated citywide strategy on technology and innovation. We’re likely to see more of that as cities around the country, and around the world, consider how best to use innovation and technology to operate as “smart cities.”The work has major implications for energy use and sustainability, as cities take advantage of available, real-time data – from ‘smart’ phones, computers, traffic monitoring, and even weather patterns — to shift the way in which heating and cooling systems, landscaping, flow of people through cities, and other pieces of urban life are controlled. But harnessing Open Innovation and the Internet of Things can promote sustainability on a much broader and deeper scale. The question is, how do you use all the available data to create a more environmentally sound future? The term “Internet of Things” was coined in 1999 by Kevin Ashton, who at the time was a brand manager trying to find a better way to track inventory. His idea? Put a microchip on the packaging to let stores know what was on the shelves.


2021 ◽  
Vol 34 (02) ◽  
pp. 1032-1038
Author(s):  
Arya Majidi

Population growth and urbanization have led to an increase in the rate of waste production, the lack of timely and proper management of which will have adverse effects on human life and the environment. Since most of the waste management costs are spent on waste collection and transportation, it is necessary to find solutions to control the huge costs of this sector. On the other hand, today, intelligent technologies are used globally as solutions to meet challenges in various fields such as agriculture to improve agro-industrial production, transportation, and waste management, which creates a concept called smart cities. One of the categories that has changed the concept of cities and made them have easier and smarter answers to various events and needs is the "Internet of Things", in which many cases and infrastructures with new hardware technologies and Software are integrated. Waste collection is no exception to this rule and efforts have been made to make it smarter. In this research, some of the latest innovations presented globally in order to make trash smarter have been examined.


Author(s):  
Makeri Yakubu Ajiji ◽  
Xi’an Jiaotong Victor Chang ◽  
Targio Hashem Ibrahim Abaker ◽  
Uzorka Afam ◽  
T Cirella Giuseppe

Today the world is becoming connected. The number of devices that are connected are increasing day by day. Many studies reveal that about 50 billion devices would be connected by 2020 indicating that Internet of things have a very big role to play in the future to come Considering the perplexing engineering of Smart City conditions, it ought not to be failed to remember that their establishment lies in correspondence advancements that permit availability and information move between the components in Smart City conditions. Remote interchanges with their capacities speak to Smart City empowering advancements that give the open door for their fast and effective execution and extension as well. The gigantic weight towards the proficient city the board has triggered various Smart City activities by both government and private area businesses to put resources into Information and Communication Technologies to discover feasible answers for the assorted chances and difficulties (e.g., waste the executives). A few specialists have endeavored to characterize a lot of shrewd urban areas and afterward recognize openings and difficulties in building brilliant urban communities. This short article likewise expresses the progressing movement of the Internet of Things and its relationship to keen urban communities. Advancement in ICT and data sharing innovation are the drivers of keen city degree and scale. This quick development is changing brilliant city development with the beginning of the Internet of Things (IoT). This transformation additionally speaks to difficulties in building (Kehua, Li, and Fu ,Su et al.1). By knowing the attributes of specific advances, the experts will have the occasion to create proficient, practical, and adaptable Smart City frameworks by actualizing the most reasonable one.


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