Internet of Things and Its Impact on Financial Services

2021 ◽  
pp. 214-231
Author(s):  
Deepika Dhingra ◽  
Shruti Ashok
Keyword(s):  
Internet Of Things ◽  
Financial Services ◽  
High Tech ◽  
The Internet ◽  
Financial Services Industry ◽  
Daily Lives ◽  
Digital Devices ◽  
Services Industry ◽  
The Impact ◽  
The Internet Of Things

The internet of things (IoT) is proving to be a seminal development amongst this century's most productive and pervasive high-tech revolutions. Increased reliance on the internet of things (IoT) is one of the foremost trends, and the financial services industry is a major contributor to that trend. IoT's influence on our daily lives is noteworthy, and it has become imperative for financial services organizations to evolve to adapt to these changes. Digital devices have started to interconnect with each other and possibly with other peripheral entities. Owing to the explosion of these devices and digitization in the banking and financial services industry, businesses are discovering the possibility of IoT in finance to control data and to minimize the risk. This chapter focuses on the impact of internet of things on financial services. It discusses the various applications, trends, challenges, and risks associated with adoption of IoT by financial services institutions. This chapter also discusses Indian and global cases of application of internet of things by financial services institutions.

scholarly journals Research of long radius technology for implementation of solutions of the Іnternet of things

Connectivity ◽  
2020 ◽  
Vol 148 (6) ◽  
Author(s):  
S. A. Zhezhkun ◽  
◽  
L. B. Veksler ◽  
S. M. Brezitsʹkyy ◽  
B. O. Tarasyuk
Keyword(s):  
Internet Of Things ◽  
Third Party ◽  
Security And Privacy ◽  
The Internet ◽  
Daily Lives ◽  
Advantages And Disadvantages ◽  
Iot Applications ◽  
Security Properties ◽  
Technical Features ◽  
The Internet Of Things

This article focuses on the analysis of promising technologies for long-range traffic transmission for the implementation of the Internet of Things. The result of the review of technical features of technologies, their advantages and disadvantages is given. A comparative analysis was performed. An analysis is made that in the future heterogeneous structures based on the integration of many used radio technologies will play a crucial role in the implementation of fifth generation networks and systems. The Internet of Things (IoT) is heavily affecting our daily lives in many domains, ranging from tiny wearable devices to large industrial systems. Consequently, a wide variety of IoT applications have been developed and deployed using different IoT frameworks. An IoT framework is a set of guiding rules, protocols, and standards which simplify the implementation of IoT applications. The success of these applications mainly depends on the ecosystem characteristics of the IoT framework, with the emphasis on the security mechanisms employed in it, where issues related to security and privacy are pivotal. In this paper, we survey the security of the main IoT frameworks, a total of 8 frameworks are considered. For each framework, we clarify the proposed architecture, the essentials of developing third-party smart apps, the compatible hardware, and the security features. Comparing security architectures shows that the same standards used for securing communications, whereas different methodologies followed for providing other security properties.

Interface Trends in Human Interaction, the Internet of Things, and Big Data

2018 ◽  
pp. 4210-4222
Author(s):  
William J. Gibbs
Keyword(s):  
Big Data ◽  
Internet Of Things ◽  
Television News ◽  
Information Services ◽  
Human Interaction ◽  
The Internet ◽  
Media Convergence ◽  
The Impact ◽  
The Internet Of Things

In this chapter, I examine trends in today's news-orientated interfaces and the impact of digital interfaces on news consumption. Digital interfaces will be differentiated from traditional informational sources such as newspapers and television news. Additionally, I will explore several major characteristics or trends germane to today's news interfaces and their implications for how people consume news and, more generally, for how they transform information services: a) rapid innovation, b) interactivity, c) social, d) standardization, e) scale, f) media convergence and, g) the Internet of Things and Big Data.

Internet of Things Applications

2016 ◽  
pp. 397-427 ◽  
Author(s):  
Mahmoud Elkhodr ◽  
Seyed Shahrestani ◽  
Hon Cheung
Keyword(s):  
Quality Of Life ◽  
Internet Of Things ◽  
Mobile Devices ◽  
Physical Space ◽  
The Internet ◽  
Everyday Objects ◽  
Iot Applications ◽  
The Impact ◽  
The Internet Of Things

The Internet of Things (IoT) brings connectivity to about every objects found in the physical space. It extends connectivity not only to computer and mobile devices but also to everyday objects. From connected fridges, cars and cities, the IoT creates opportunities in numerous domains. This chapter briefly surveys some IoT applications and the impact the IoT could have on societies. It shows how the various application of the IoT enhances the overall quality of life and reduces management and costs in various sectors.

The Integration and Implementation of the Internet of Things Through Digital Transformation

2021 ◽  
pp. 85-112
Author(s):  
Anthony Bolton ◽  
Leila Goosen ◽  
Elmarie Kritzinger
Keyword(s):  
Internet Of Things ◽  
Digital Transformation ◽  
General Motors ◽  
The Internet ◽  
Daily Lives ◽  
Critical Realist ◽  
Digital Ecosystem ◽  
Realist Interpretation ◽  
The Internet Of Things

The purpose of this chapter is to address challenges related to the integration and implementation of the developing internet of things (IoT) into the daily lives of people. Demands for communication between devices, sensors, and systems are reciprocally driving increased demands for people to communicate and manage the growing digital ecosystem of the IoT and an unprecedented volume of data. A larger study was established to explore how digital transformation through unified communication and collaboration (UC&C) technologies impact the productivity and innovation of people in the context of one of the world's largest automotive enterprises, General Motors (GM). An analysis and exploration of this research milieu, supported by a critical realist interpretation of solutions, suggested that recommendations can be made that the integration and implementation of digital transformation, delivered via UC&C technologies, impact productivity and opportunity for driving innovation within a global automotive enterprise.

scholarly journals The impact of the Internet of Things (IoT) on servitization: an exploration of changing supply relationships

2019 ◽  
Vol 31 (2-3) ◽  
pp. 203-219 ◽  
Author(s):  
Julius H. Boehmer ◽  
Manish Shukla ◽  
Dharm Kapletia ◽  
Manoj Kumar Tiwari
Keyword(s):  
Internet Of Things ◽  
The Internet ◽  
The Impact ◽  
The Internet Of Things

Smart Transport System Based on “The Internet of Things”

2011 ◽  
Vol 48-49 ◽  
pp. 1073-1076 ◽  
Author(s):  
Min Zhang ◽  
Tao Yu ◽  
Guo Fang Zhai
Keyword(s):  
Internet Of Things ◽  
Transport System ◽  
Driving Force ◽  
Intelligent Transportation System ◽  
Intelligent Transportation ◽  
Urban Transport ◽  
The Internet ◽  
Smart Traffic ◽  
The Impact ◽  
The Internet Of Things

The paper analyzes the characteristics of an intelligent transportation system (ITS) to explore the impact on urban transport of the ideas from “the Internet of Things (IOT)” before its official appearance, and further outlook for the driving force from smart traffic guided by IOT.

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