logo

IoT or Internet of Thing in the Retail Sector: A Survey

   

Added on  2020-05-28

16 Pages4687 Words139 Views
Running head: INFORMATION TECHNOLOGYInformation Technology[Name of the Student][Name of the University][Author note]

INFORMATION TECHNOLOGY1Executive summary:This report mainly discusses about the use of IoT or Internet of Thing in the retail industry.The report discusses about the current state of the retail sector. The report also briefs aboutthe various problems that are being faced by the retail sector by the use of IoT. Thisidentification of the problems is later followed by the providing of solutions so as toovercome these problems. The later portion of this report consists of the evaluation of thissolutions. The evaluation also states the future of IoT in the retail sector along with thetechnologies that are used by IoT so as to facilitate the various processes in the retail sector.

INFORMATION TECHNOLOGY2Table of ContentsIntroduction:...............................................................................................................................3Literature review:.......................................................................................................................3Analysis of the retail sector using IoT:..................................................................................4Analysis of the Security and the Privacy Challenges:...........................................................5Security challenges:...........................................................................................................6Privacy challenges:.............................................................................................................6Network Challenges:..........................................................................................................7Suggested methods for the purpose of solving the problem:.....................................................7Evaluation of the solution:.........................................................................................................9Analysis of the Technologies Used for IoT:......................................................................9Analysis of The Future of Retail Business by Making Use of IoT Technology:.............10Analysis of the Business Processes that will be Enabled by the use of IoT:...................11Conclusion:..............................................................................................................................11References:...............................................................................................................................13

INFORMATION TECHNOLOGY3Introduction:The way in which the retail business conduct their process of business has beengreatly affected by the growing use of the internet. IoT or Internet of Things is considered tobe the enabling factor that lies behind the digital future. IoT is the collective network ofphysical devices, vehicles, and other electronic appliances embedded with various softwaresensors and many more for the purpose of enabling this objects to connect and exchange thedata (Dlamini and Johnston 2016). Internet of Things or IoT allows various objects to besensed or controlled remotely across the network infrastructure that is existing at the presentstate. This will be creating new opportunities for direct integration of the real world with thesystems that are computer based (Weber 2015). The term “Things” in IoT mainly refers to thedevices that are connected to the internet and this mainly involves devices like the bio-transponders present at animals in a farm or jungle, heat monitoring devices and many more.What these devices do is they generally collect the useful data by making use of the differentexisting technologies. Initially this collection of data is followed by autonomous flow of datato the other devices (Kahlert 2016). The report also analyses the various uses of IoT in theretail business along with the technologies that are used and how the business processes areenabled in the Retail sector by the use of IoT. Later part of the report discusses about thebenefits of using the IoT in retail business and the challenges that are faced during theimplementation of IoT in retail. Lastly the report discusses about how the challenges in theretail business can be overcomed.Literature review:The main purpose of this literature review is to identify the various benefits of IoT inthe retail business along with the various challenges associated with this use. This literaturereview will help in understanding the key terms, definition and the terminology which is

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Security and Privacy Issues in all domains of IoT
|8
|6752
|306

Security and Privacy Challenges in IoT Domain
|3
|790
|398

Utilizing Blockchain in Internet of Things
|25
|6891
|265

IoT Security and Privacy Challenges in All Domains
|2
|714
|196

Security and Privacy Issues in IoT/Smart Architectures
|5
|3113
|303

MN502 : Overview of Network Security | Melbourne Institute
|5
|1366
|259