IoT in Business

IoT in Business

RESEARCH PROJECT 1
Table of Contents
Introduction................................................................................................................ 2
Literature review........................................................................................................ 2
Background................................................................................................................ 5
The main conflict........................................................................................................ 6
Previous studies......................................................................................................... 8
Conclusion.................................................................................................................. 9
References............................................................................................................... 10

RESEARCH PROJECT 2
Introduction
Internet of things is a network of systems, devices and things which
are embedded with sensors and electronic networks and provide a platform
to exchange data from one location to another. It is one of the best
technologies from the perspective of business because it is able to improve
performance of devices and systems used in the workplace and reduce
human errors (Ahmad, Masri, & Lee, 2019). It is now implemented in many
companies because of their capability to control and handle the more
complex situation in an effective manner. The goal of this study is to explore
the key idea behind the internet of things and their importance in the
business industry and entrepreneurship. Bahrain is the best example where
the use of IoT enabled devices are growing very fast and many companies
are using the concept of IoT in their businesses. In this research, a
literature review will be conducted in order to understand the relationship
between IoT and Fin Tech and analyze the results and findings of previous
research papers.
Literature review
IoT is defined as an internet of things that connect computer
networks, sensors and devices with things by using internet connections.
IoT is able to increase the performance of the business and in Bahrain, most
of the companies are using this technology for reducing human errors and
improving the effectiveness of their services. The major focus of this
literature review is to examine the importance of the internet of things in
Bahrain and entrepreneurship.
According to Cedeño, Papinniemi, Hannola, & Donoghue, (2018) IoT
has the capability for controlling and managing issues and problems faced
by consumers in the society and home automation is the best application of
this technique where users may control devices and systems with the help

RESEARCH PROJECT 3
of sensors. From this paper it is observed that along with the data analysis
characteristics, IoT allows consumers for reducing air pollution and manage
their life in an effective way. It is identified that in Bahrain many companies
and users are using the concept of internet of things where they access
their computer networks from any location and also handle more complex
situations effectively.
A recent study developed by Dijkman, Sprenkels, Peeters, & Janssen,
(2015) suggested that in Bahrain there are numbers of application of
internet of things, for example, smart cities, home automation, cleaner air
and water, smart agriculture, cutting food waste and so on. In these
applications IoT enabled devices to manage the responsibilities of
consumers in an appropriate manner and reduce issues and problems faced
by consumers. In Bahrain, more than 56% of waste management companies
are using the concept of IoT where developers connected networks of the
industry with information technology. Traffic monitoring is a major part of
the smart city where IoT enabled devices automatically manage traffic and
also handle injuries and accidents occurred in Bahrain (Westerlund,
Leminen, & Rajahonka, (2014).
Fleisch, Weinberger, & Wortmann, (2015) highlighted that internet of
things play a crucial character in entrepreneurship where it provides a way
for connecting two or more devices and things with each other without
using any connecting cables by which entrepreneur can easily communicate
with employees. IoT is a revolution which is allowing entrepreneurs to work
effectively and reduce issues and problems occurred in the workplace.
Mainly, enterprises require an effective technology that helps them for
reducing communication gaps and enhancing the productivity of the
business in the workplace.
IoT security solutions help companies for effectively communicating
with their stakeholders and consumers and also manage the data analysis