Business Information Systems: Opportunities and Challenges of Internet of Things Technology

BUSINESS INFORMATION
SYSTEMS

TABLE OF CONTENT
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
TASK 1............................................................................................................................................3
Evaluation of the characteristics of internet of things technology(IOT).....................................3
TASK 2............................................................................................................................................5
Analysation of the opportunities and challenges by using Internet of things:.............................5
TASK 3............................................................................................................................................8
Value chain model to analyse the value delivered by the IOT technology in businesses...........8
CONCLUSION..............................................................................................................................11
REFERENCES..............................................................................................................................12

INTRODUCTION
Business information system offers the relevant information to the organization which is
essential to manage the business function efficiently. This process involves the technology factor
as hardware, software component to carry out the work effectively (Hwang and Kim, 2017).
Internet of thing is the technology define as the system interrelated technology which involves
the connectivity of the object through sensors. In businesses, it is used to find the effective
solution with the use of devices, sensors. JWS sports and Leisure limited company of UK is
offering football, soccer, sportswear equipment. The report illustrates that the key issues
associated with using of internet of thing technology for the business. It involves the
identification and characteristics of internet of thing technology, it describes the organizational
opportunity and the challenges faced by the sport sector regarding IOT. It further describes the
value chain model which define how the value is delivered by the using of the IOT technology.
MAIN BODY
TASK 1
Evaluation of the characteristics of internet of things technology(IOT)
Internet of things describe as a technology which embedded the physical objects with the
sensors and devices. It is the system which is correlated with the computing components, digital
equipments. It provides the transference of the data over a network without the intervention of
human. It is the anticipating technology which is being used by the businesses to carry out their
task effectively. It develops the customer engagement with the company, also able to enhance the
customer experience with the company's products and services (Haseeb and et.al 2019). Simply
this technology enables the wearable object to connect with the system. For example smart watch
is connected to the smart phone so that it's all functionalities can be operated by the one click on
smart phone. With the use of this technology organization can be able to design such products
and services which are considered as complex or impossible to design. As for the sport sector
company can begin to introduce this technology to design the products as to produce the
wearable object which can track or monitor the sports person's performance.

Characteristics of the IOT
Connectivity: Connectivity simply understood as the methods to connect the things together. As
in the IOT devices they are the sensors which are connected to the physical objects. For the IOT
devices connectivity through the system is must have needed for working. Better connectivity of
the devices enables the network accessibility through which the market opportunity are
increasing related to this technology. Therefore, businesses can proceed to develop the smart
products which are able to catch the attention of the customers (Ali and et.al 2017).
Unique identity:
As the devices or objects which are connected to the internet possess the different IP address, it
includes the intelligent interfaces which aims to communicate with the person. The main point of
using these devices as it provide the control to the user so that they can control the device
remotely.
Scalability:
IOT technology provides the scalability as it is able to tackle all the connected devices regardless
of any interruption. Therefore, its setup is capable of maintaining all the massive expansion. It
enables the businesses to continue their services throughout the day with no interruption.
Heterogeneity:
It is one of the main characteristics of the IOT as the IOT devices are designed on various
hardware platforms or networks so that they can easily connect to other platforms with different
networks. Therefore, for the IOT devices it is important to directly connect with the
heterogeneous network (Preety and Kpereobong, 2021). This technology enables the devices to
work effectively while connecting with each other.
Significance of the IOT related to business
Increase the customer experience:
IOT enables the organization to create their customer personalization, it also allows them to
improve the services for the customers so that they remain loyal to the company to make
investment in their product and services. It speed-ups the business process IOT devices also able
to predict the result.
Provide better opportunity for business:
With the implementation of this technology it allows the organization to produce wider range of
the product and services, it increases the efficiency of the product so that customer can