The Applications of Internet of Things to Business

Running head: THE APPLICATIONS OF INTERNET OF THINGS TO BUSINESS
The applications of Internet of things to business
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2THE APPLICATIONS OF INTERNET OF THINGS TO BUSINESS
Table of Contents
Introduction..........................................................................................................................3
Definition and explanation of the use of internet of things to business...............................3
Procedure of using internet of things in business................................................................5
Advantages of using internet of things in business.............................................................9
Disadvantages of using internet of things in business.......................................................13
Impact of using internet of things in business on the society............................................14
Challenges faced by IS professionals to use IoT in business............................................15
Conclusion.........................................................................................................................19
References..........................................................................................................................21

3THE APPLICATIONS OF INTERNET OF THINGS TO BUSINESS
Introduction
Use of IT helps to predict as the single most vital factor that has impact on the
fundamental business logic. IoT applications can be shared between people and things, things
and things along with machine to machine. In a report, it has been estimated that there are nearly
4.6 billion connected devices including phones, tablets as well as laptops. IoT applications are
enhancing business through minimizing operations costs, increasing productivity and giving
opportunity exploring new platforms as well as developments. IoT can be used in small and large
business as the applications are flexible in nature in order to provide tailored operational success
for multitude platforms. It is simple as using smart locks for increasing physical security on site
to greater internal management as well as tracking. Business can use smart fleets as well as
internal management and tracking system. The use of IoT projects allow business becoming
more actionable, strategic and more profitable. Hence, it is required to use IoT effectively in
business. The present study deals with the definition and explanation of the use of internet of
things to business. The process of using IoT in business and its advantages are described in the
study. Moreover, the disadvantages are explained along with the impact of using internet of
things in business on society, The challenges faced while using IoT in business is also described
in the study.
Definition and explanation of the use of internet of things to business
The internet of things incorporates the connection as well as makes an interaction of
number of devices. In IoT, a large number of devices are associated with in a framework. Each
one of the devices is related with each other (Kilari 2017). The internet of things thought is a
concept of interconnection number of contraptions to a particular framework that will help in the

4THE APPLICATIONS OF INTERNET OF THINGS TO BUSINESS
participation with substitute devices that are accessible in the framework. The devices may
incorporate with the diverse sensors, actuators and other devices. The connection with a
comparable framework helps in communication with the broad number of devices meanwhile. If
any message is to be displayed on a broad number of structures meanwhile then the use of the
internet of things can be passed on to practice.
However, it will provide some internet of things as well as applications for clearing
things up. It assists to think about IoT as doing for increasing efficiency, enhancing health or
safety and creating better experience (Dar et al. 2015). Smart organizations are using IoT in
order to enhance short as well as long-term success in operation. The cloud applies applications
of IoT projects in order to monitor as well as collect actionable data. The organization can
uncover the right thing that is ahead of the issues and persue the ways for improvement. It is also
important to be considered that IoT projects can reveal shortcomings as well as offer data for
making corrections. In addition, it minimized workloads so that the business effort could be more
productive.
The use case of using IoT is used for enhancing the operations within the organization
and a business need to utilize system in order to improve security. With remote control system in
business, the projects of IoT are applied in order to enhance safety of the business. The
developments can be notified in a business through system breaches as well as possible threats of
cyber security. It is also important to provide real time insight that can ensure attacks, which are
dealt with timely fashion. Analysis of system as well as diagnostics is run remotely as well as in
regular way. In this situation, it is really important to keep the business secured as well as
minimizing risks of cyber threats.

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Procedure of using internet of things in business
In the current era of digital market numerous of smart devices has been getting connected
with each other. Various numbers of connected smart devices has been exploding with 50 billion
devices that has been estimated to turn into reality by 2020. In the same way, M2M or machine
connections have been the primary element of IoT framework which is also seen to be rising. IoT
is also useful in confluence low-cost sensors, data, connectivity and technologies. Reduction in
sensor costs, dramatic decline in processing and computing power and widespread low-cost, low-
cost data storage along high-bandwidth has been taking IoT to a tipping point. The steep
technological challenges and steep business on the way to IoT is surmounted through a holistic
and integrative view of scopes. It has helped IoT in offering to create potential cases of business.
To begin with, businesses has been considering the choice to integrate conventional
infrastructures with new intelligent resources and creating new infrastructure in supporting them.
Further, companies has been focusing on how the scopes to monitor, control and manage remote
resources have been leading in measurable and material developments as per as revenues and
profitability.
The area where IoT has been useful has been including supply chain, marketing, sales,
finance. Since companies has been bracing for digital disruptions at these sectors, IoT has been
helpful for identifying and prioritizing leading risks and opportunities. In the same way, the
business has been able to concentrate on solutions that are technology-agonistic that mitigates
threats and then capitalizes opportunities. Moreover, business leaders must be recognizing
primary elements needed to create smart solutions in dealing with potential scenarios. Here,
CIOs are engaged to achieve deep understanding of technology of IoT taking benefits from its
uses.

6THE APPLICATIONS OF INTERNET OF THINGS TO BUSINESS
IoT is helpful in developing robust capabilities in terms of data management, Here, CIOs
has been playing a vital role to identify data types that deemed with most valuable regarding
improvement of operational efficiencies. It has been starting with particularizing machines and
equipments providing that data and determining how data is needed to be analyzed, stored and
captured for gaining insights leading to operational developments. Here, the holding the key
value by data in the smart ecosystem of IoT, business harnesses different intelligences. These are
generated through connected products transforming the business. It has involved the leveraging
of combination of analytics, mobile and social and cloud technologies producing insights and
deriving extra value from IoT.
Rapid innovations and development in hardware, software and communication
technologies have allowed the improvement of internet connected sensory devices. It gives
observation and data measurement from physical world. It is assessed that total number of
internet related devices would be used between 20 to 25 billion by 2020. As the numbers
increase and technology build up, the volume of date disseminated will similarly increase
(Whitmore et al. 2015). The internet related devices development are insinuated as IOT that
continues widening current internet through giving system and coordinated effort among
physical and advanced volumes (Palattella et al. 2016). In addition, extended volume of IoT
makes Big Data depicted by speed similarly as location and time dependence.
Smart Factory and Smart Manufacturing
Wearable devices of internet of things are utilized in order to enhance safety of the
equipments. With the help of monitoring as well as increased communication, it can be helpful to
increase security and need to ensure that employees are in safe during working in as well as out