Business Intelligence in IoT: Challenges and Applications

This report delves into the application of Business Intelligence (BI) within the Internet of Things (IoT) context. It begins by introducing the topic, outlining the report's structure, and presenting a problem statement that highlights key challenges such as security issues, compatibility concerns, and data connectivity problems. The report then explores the challenges faced by IoT in business intelligence, including a lack of training, hardware compatibility issues, data security, and disruption to existing business models. The literature review section offers an annotated bibliography of relevant research papers. The executive summary and methodology sections provide a detailed overview of the research approach and findings. The report concludes by emphasizing the importance of addressing these challenges to fully leverage the benefits of IoT in business intelligence, such as improved customer satisfaction and more efficient business processes. The report highlights the evolution of IoT from primitive processes to automated systems and emphasizes the importance of data security, especially in the context of the increasing number of cyber-attacks.

BUSINESS INTELLIGENCE IN IOT
Business Intelligence in IoT
Name of the Student
Name of the University
Author Note

BUSINESS INTELLIGENCE IN IOT
Table of Contents
Business Intelligence in IoT.......................................................................................................0
Milestone 1.................................................................................................................................3
Purpose of the report..................................................................................................................3
Business Intelligence in IoT.......................................................................................................3
Problem Statement.....................................................................................................................4
Milestone 2.................................................................................................................................6
Introduction................................................................................................................................6
Challenges of IOT in business intelligence................................................................................6
Infrastructure..........................................................................................................................8
Conclusion..................................................................................................................................8
Milestone 3.................................................................................................................................8
Review of Literature..................................................................................................................8
Annotated bibliography............................................................................................................11
Milestone 4...............................................................................................................................14
Executive Summary.................................................................................................................14
Introduction..............................................................................................................................15
Methodologies..........................................................................................................................17
Conclusion................................................................................................................................18
Reference..................................................................................................................................20

BUSINESS INTELLIGENCE IN IOT
Milestone 1
Executive Summary
The prime objective of this section of this unit of the report is to introduce the application of
internet of things in business intelligence. This section will be having the purpose of the
report and also the introduction of internet of things in business intelligence. The format of
the entire assignment is discussed in this unit so that it helps the reader to find each contents
of the report. This section of the paper concludes with the help of a problem statement which
gives an idea about the different issues related to the internet of things in business
intelligence.
Purpose of the report
The foremost purpose of this research is to focus on the importance of applying
Internet of Things for different types of activities in a business organization. The report will
be providing knowledge about the different kinds of modules of the Internet of Things which
are used for business purposes. The paper also will be analysing the different types of
requirements of IoT for all the real-life applications. The different types of recent and
upcoming architectural technologies used in IoT are discussed in this research paper.
Business Intelligence in IoT
Internet of Things (IoT) which is also known as Industrial Internet in used in different
types of business purposes with the help of advanced architectural technologies. The
advanced systems are developed in such a way so that the different modules of the
applications can communicate with each other to find the best possible solution of a given
situation (Columbus, 2016). They play a significant role in the growth and development of

BUSINESS INTELLIGENCE IN IOT
the business organizations and also helpful in maintaining the market competitiveness as
most the markets regarding any business faces severe fluctuations due to various reasons,
these system helps in understanding those critical situations and develop and implement
strategies in such a way so that the company can survive in most hostile conditions.
Internet of Things used in business may consist of one or more than one network of
machines having the capability of interacting between them due to these facilities the
application of IoT in tangentially increasing in the business purposes. These applications are
also helpful in dealing with the important factors of any business such as customer
satisfaction (Clark & Clark, 2018). The complex analysis performance of any business can be
conducted by the IoT which lot are more efficient and accurate than the conventional
techniques. The valuation of the present and future values in the productivity department can
be easily calculated by the help of the advanced based IoT based systems. The application of
this advanced technology has made life easier for research teams of the business
organizations for activities such as setting price list according to geographical locations or
other parameters (Suo et al., 2012). It helps in providing the best possible solution as
compared with the primitive techniques. The most important feature of IoT which helps in
various business purposes is their ability to make those business organizations choose a
perfect approach regarding any business conditions.
Format of the report
This report has four section, each section gives us an idea about the topic in details.
The first section of the report will introduce the selected topic along with the problem
statements, the second section will highlight the issues and challenges related to the selected
topic which is the application of internet of things in business application. The third section
of the report is the literature review section which includes 10 journals discussing different

BUSINESS INTELLIGENCE IN IOT
aspects of the internet of things in business intelligence. The final section of the report is
developed with the help of one of the selected journals from the third section. The final
section have a methodology of one aspect of internet of things in business intelligence and a
conclusion which will be helping the reader to have an idea about the over all report.
Problem Statement
The application of different types of advanced technology of Internet of Things faces
different types of challenges in the business organizations such as the security issues,
compatibility issues, intelligent analysis reports, connectivity issues and issues related to
maintaining standard which is the main topic of concern regarding this report.
The security issues of IoT is a matter of concern for every organizations as sales and
marketing modules are directly attached to the IoT based applications (Chen, 2012). Different
types of malicious software cause major security issues in the systems, they affect the system
by finding the possible loop holes of the systems.
In the bigger business organizations where several devices are connected to each
network. The systems and the network may have compatibility issues between. A huge
amount of financial backup is needed to incorporate and maintain IoT is one of the major
issues of this technology (Heer et., 2011). Sometimes due to the need of varying needs in
technology many applications need to be replaced in an organization, this type of
organizational changes is also considered as an issue of IoT. The non-unified cloud services
are the other source of problems in this technology. Every business organizations have
different types of data such as structured and unstructured data and with the help of IoT based
applications these data are controlled and analysed using cognitive technologies, extracting

BUSINESS INTELLIGENCE IN IOT
the insights from the unstructured data is a very complex task even for this advanced
technology (Atzori, Iera & Morabito, 2010).
The organizations incorporating Internet of things in their systems are prone to severe
complexities such as the need of experienced professional whenever there is an issue related
to the software and hardware (Weber, 2010). The data transmission through the networks also
raises security questions on the efficiency of the architectural advancements of Internet of
Things (Sheng et al., 2013).
The agreement of the authenticated devices is very important regarding maintaining
the security of the systems. Management of the vulnerabilities is one of the most efficient
ways of having an IoT based system in an organization.
Milestone 2
Introduction
The foremost purpose of this report is to focus on the challenges faced by internet of
things in a business organization. The wide range of application of internet of things such as
computing complex business organization and managing valuable information from different
stakeholders can be stored and effectively managed by the latest IOT based systems. Due to
lots of exposure these systems are sometimes prone to vulnerabilities which can come from
the insiders of an organization or from outside also (Arnol, Kiel & Voigt, 2016). There are
several other challenges of business intelligence in IOT which are discussed in this paper
with greater importance.

BUSINESS INTELLIGENCE IN IOT
Structure of the report
This unit of the report will be discussing the structure of this landmark. This section
will be introducing the probable challenges related to the application of internet of things in
business intelligence. All the issues and challenges are discussed in this unit of the paper. The
section ends with a conclusion statement stating the importance of the examination of those
challenges so that these issues can be significantly minimized and the desired productivity
can be achieved.
Challenges of IOT in business intelligence
Lack of training: Improper knowledge about the new advanced system among the
employees of an organization is a very important issue (Dar et al., 2015). Proper training
sessions should be arranged for all the persons who are working with those advanced
systems. Employees should understand the facts about the impact of those systems for better
utilization of the available resources.
Hardware compatibilities: The compatibility issue is one of the other issue regarding the
use of internet of things in business intelligence. Organizations and all the people involved
with the equipment should be aware of the all the issues which might have a direct negative
or positive impact on an organization (Palattella et al., 2016). The addition of the IOT based
system to the conventional legacy systems are have significantly impacted the growth of sales
but there are different kinds of hardware issues related with those systems which is a matter
of concern from the perspective of a company.
Data connectivity issues: The problems of data connectivity have improved after the
incorporation of the internet-based systems in business organizations. The connectivity issues
arise from the use of the cloud-based services. Compatibility issues with arises with the

BUSINESS INTELLIGENCE IN IOT
application of technologies such as GPRS and Wi-Fi (Dijkman et al., 2015). Absence of right
kind of combination of protocols between the involved system is the other kind of problem in
an IOT based business intelligence system. Incorrect data capture is another type of issue
regarding the use of advanced IOT based systems.
Data Security: Most of the global organizations uses internet of technology for different
types of business activities. There are associated with different kinds of exposures such as the
vendors or any use of effective software or hardware which makes them prone to different
types of cyber-attacks such as ransomware. Latest major data breach of Facebook in April
2016 during the US elections suggests that data security is a huge challenge for different
types of industries. Ineffective handling of the un structured raw data is of internet of things
in business intelligence (Ikävalko, Turkama & Smedlund, 2018).
Disruption to existing business models: The use of internet of technology in different
business models are a major problem for the convention legacy systems (Hui, 2014).
Investment is another type of factor influencing the impact of business intelligence in
business intelligence (Turber et al., 2014).
Design: The poorly designed IOT based systems have complex configurations and there are
very much easy to implement which is another type of challenge of these systems. It causes
major problems such as authorization and authentication in business sectors which negatively
affect a company (Janiesch et al., 2017). The buggy systems cause different problems which
might put the organization in deep trouble. Flaws in system may cause inaccurate analysis
which is very important for the growth and development of any organization.

BUSINESS INTELLIGENCE IN IOT
Infrastructure: The cost incorporating the internet-based systems are much higher than the
primitive systems, this is a huge challenge for all the medium sized companies as they do not
have huge financial infrastructure every time (Chan, 2015).
Conclusion
From the above writing it can concluded that in spite of having many types of
advantages in any business enterprises, internet of things has different types of issues as well
which are related with the incorporation of internet of things in business intelligence. This
paper gives detailed idea about those challenges.
Milestone 3
Review of Literature
As discussed by Whitmore, Agarwal & Da Xu, (2015), the use of internet of things in
business is very trendy these days. Different modules of business such as the customer
engagement, sales and marketing, complex business computations, business process
monitoring, managing the unstructured data of an organization and automated services which
enhanced the efficiency and productivity of any organization to a significant extent. They
stated that a global IT solution uses IOT in different types of automated purposes. Efficiency
of the workers can also be detected using the internet of things.
According to Li, Tryfonas & Li, (2016), the use of internet of things in a business
enterprise is not only about the advanced systems but it also focuses on the protection of all
the assets associated with the business organizations. The author stated that after the
application of IOT in business, several primitive processes are transformed into automated
system.

BUSINESS INTELLIGENCE IN IOT
According to the authors Leminen et al., (2015), modification of the legacy systems
with updated systems will be helping all business organization, as new systems help to
increase the efficiency of different types of modules with the help of the innovative systems.
Strong business cases are solved using this technology; the different assets of a business
company are also maintained using internet of things (Gil et al., 2016). The safety and
security of the employees are maintained with the help of advanced technologies of internet if
things such as biometric systems and GPRS.
According to Rose, Eldridge & Chapin, (2015), the application of internet of things in
business purposes helps enhancing the business reach of any organization as it helps in
creating new consumers or clients which have a direct positive impact on the future of any
business organization.
As discussed by Botta et al., (2016), the use of internet of this is an added advantage
for the companies which work with latest tracing inventories and assets. Several types of
industry such as airlines industry and shipping industry such advanced technologies which
are based on internet of things such as tracking of their vehicles on the ports as well as
according to their location.
As discussed by Riggins & Wamba, (2015), internet of things are also used for faster
production of different industries, consumers can get better products and services from
different business organizations which use the modern technologies. They stated that
expenditure required because different modules can be saved using IOT based systems. The
decision making of the IOT based systems is much more efficient and accurate as compared
with the conventional technologies.

BUSINESS INTELLIGENCE IN IOT
As discussed by Wortmann & Flüchter, (2015), with the help of the internet-based
system all the stakeholders of a business organization have the capability of communicating
among themselves for different types of business purposes. Instant decision making between
the team members of an organization are more useful after these modern technologies are
incorporated into their systems
According to Chen, (2017), many organizations hesitate to work on the latest
technologies due to their higher cost and lack of knowledge about the system. The extensive
development in the field of science and technology has significantly impacted every global
organization but there are lots of issues for the application of those technologies, such as for
training purposes experienced trainers are required every time, their task is to increase the
compatibility of those systems with the workers and let them be comfortable with those
technologies. A single flaw or loophole in a particular section of an IOT based system can put
the entire system down for several days.
As suggested by Westerlund, Leminen & Rajahonka, (2014), the complexity of the
internet-based systems is one of the limitations of this technology. Documentation of those
advanced system is very much required for assessing those systems. They stated that special
sessions should be given to the employees by the management if every organization so that
employee can have proper knowledge about the application of those technologies. According
to them the other major issues regarding the use of internet of things in business enterprises
are users are becoming more dependent on those systems. The application of IOT based
systems are on the rise in every aspect of the society, it has the ability to perform complex
task in a matter of seconds but the method by which these systems are developed has to
update regularly as it might have backend issues which are difficult to understand by its

BUSINESS INTELLIGENCE IN IOT
commuters. Job opportunities are decreasing everyday as the application of the automated
devices.
According to Ziegeldorf, Morchon & Wehrle (2014), security is biggest issue of IOT
in business organization as it deals with crucial data of organizations and any alteration of
data cause huge loss for the company. Ignorance of the security issues may lead to major
cyber-attacks such as the attack of Wanna Cry Ransomware and data breach of Facebook
during the US elections in 2016. The online functionalities of every organization are always
prone to cyber-attacks so efficient tracking systems are used by the organization; those
technologies are developed based on the principals of the internet of technology.
Annotated bibliography
Phongtraychack, A., & Minkov, S. L. (2017). Internet of things: changing business.
This journal focusses on the different phases of the internet of things in business
enterprises. Different sections of a business organization such as production of smarter
products can be significantly increased after the application of internet of things. Smarter
business decision is taken by different business organization with the help of this internet-
based system are discussed in the systems. Different business models and approaches are
modified using the internet of things (He, Yan & Da Xu, 2014). This journal stated different
business area where these technologies are adopted such as the real time weather forecasting
system, wireless technology devices such as the Cobra tag, green house building are designed
and maintained using the internet of things, real time web application is used in the highway
for the purpose of maintaining security and safety of the civilians. The paper focused on the
importance of IOT in business enterprises such as the healthcare industry and defense
industry (Ferretti & Schiavone, 2016). This article only focused on the advantages of IOT