IoT and Business Intelligence: Impact, Opportunities and Challenges

This report examines the impact of Business Intelligence (BI) within the Internet of Things (IoT) ecosystem. It begins by defining the IoT and its components, emphasizing the connectivity of devices through IP addresses. The report explores how BI enhances business opportunities, asset utilization, process efficiency, security, and productivity. It discusses the growth of IoT, the increasing number of interconnected devices, and the potential for new business models. The report also delves into the applications of IoT, including home automation, industrial automation, and health monitoring, while acknowledging the drawbacks such as security concerns, job displacement, and system complexity. The study concludes that despite challenges, the benefits of BI in IoT are significant and will drive future investment and innovation. The report highlights the importance of secure IoT networks and the need for advanced security measures.

Business Intelligence in IOT
Mohammad Zeeshanuddin – 11662275
Masters in IT – Networking
[e-mail]

ABSTRACT
Internet of things is referred to as the growing network of objects that features an IP address for
connectivity with the internet. The primary objective of the report is to discuss the impact of IOT on
business. The story will explain the result and the ratio to which IOT increased the growth rate for the
company. The various aspects of business where it gained immense popularity will be discussed further.
Finally, the report will conclude with the business intelligence on the internet of things.
Author Keywords
Internet of things, Business Intelligence.
Introduction
Internet of things is referred to as the growing
network of objects that features an IP address for
connectivity with the internet. The primary
objective of the report is to discuss the impact of
IOT on business. The story will explain the result
and the ratio to which IOT increased the growth
rate for the company. The various aspects of
business where it gained immense popularity will
be discussed further. Finally, the report will
conclude with the business intelligence on the
internet of things.
1. Introduction
IOT system comprises four components:
connectivity, sensor, data processing, and a user
interface. This report will mainly discuss the use of
IOT in business. In the market for developing
technology, IOT services linked with the company
helps to earn more worth for businesses. IOT has
connected business and people in a significant way.
IOT provides all solution from Apple watches to
standard phones.
2. Discussion
This report tends to discuss the business
intelligence on the internet of things. Business is
being in connected with IOT, and this is benefiting
the market to no small extent. Uses of IOT on
business are:
2.1 Business opportunities
increases
With the implementation of IOT, new business
opportunities opened up for people. Also, helped
companies to earn benefit from new services and
models proposed by IOT. IOT-driven innovative
ideas for building strong cases for an organization
decreases the time required for marketing and
increases investment on returns. IOT has the
potential to convert the way business, and
consumers approach the IOT world beyond
connectivity.
2.2 Enhanced Asset Utilization
IOT improves tracking of assets using sensors and
connectivity, and this helps the organization from
insights in real-time. This helps the organization to
encounter the issues related to assets and to
generate measures to order to improve asset
utilization.
2.3 Efficient Processes
Business connected with other activity on the
internet leads to smart business with real-time
operational while decreasing the cost of operation.
The information gathered supply chain; logistics
network helps to reduce supply time for marketing
and downtime for maintenance.

2.4 Enhanced Security and
Safety
An IOT service provides video cameras and sensors
in the workplace to ensure the safety of equipment
and protect them from physical threats. IOT
coordinates numerous teams to determine issues
quickly.
2.5 Increase Productivity
Productivity is an essential part of every
organization. As this plays the position in the
prosperity of any company. IOT offers instruction
for staffs, develop labor effectiveness, and lessen
inequality of skills while escalating productivity of
the organization.
3. Recommendation
The companies incorporate IOT in their
organization will feel the complexity in order
operating it. As this is the complex system, there
are chances of failure. The entire data are
communicated over the internet; this sometimes
questions the privacy. To some extent, this will lead
to loss of jobs for those who are not used to
technologies. This is the problems that the
organization may face while implementing the IOT
in the business.
4. Conclusion
From the above report, it can be concluded that in
spite of having so many benefits of business
intelligence there are some significant drawbacks.
These drawbacks are stopping some of the
organization from adopting IOT in their
organization. Thus, this report has discussed all the
points of business intelligence briefly.
(Fig 1: Growth rate by BI intelligence)
1. Abstract and Introduction:
The internet gave us the opportunity to connect in
ways we could never have dreamed possible. The
IOT will take us beyond connections to become
part of living, moving global nervous system.
The IOT also known as “Internet of Things”
connect many network-connected devices, and the
device communicated with each other via wireless
protocol or without human interaction.
It mainly comprises: --
(1) Data sensors,
(2) Gateway interconnectivity,
(3) Data analysis,
(4) Cloud and
(5) User interface.
IOT has a concept in which the network device
collects data from the world around us and send
data to the gateway where it is processed and
utilized and based on which the next action will be
performed.
The applications of IoT comprises from wearable
watch to the Smart Home devices.
2. Discussion:
This report tends to discuss the business
intelligence on the internet of things. Business is
being in connected with IoT, and this is benefiting
the market to no small extent.
Every organization should update itself with the
update in technology and also cope up with the rival
companies. Business Intelligence is the process for
analyzing data and presenting the information to

managers and organizations to help them to take a
future Business decision.
Business will increase with the help of IOT. Around
to the rough estimation, it is found that around 75
billion devices will be interconnected by 2025.
3. Business opportunity
increases
Everyone, from consumers to corporates, is
embracing the changes brought by the revolution
called the Internet of Things (IoT). It has changed
the world in more ways than we could imagine until
a few years back. And the changes and
advancements will continue in future as well, in
fact, the Internet of Things (IoT) will shape our
future.
Already the numbers are staggering; billions of
sensors connected with billions of devices are
redefining almost everything under the sun. It is
estimated that around 75 Billion devices will be
interconnected by 2025.
With the implementation of IoT, new business
opportunities opened up for people. Also, helped
companies to earn benefit from new services and
models proposed by IoT. IoT-driven innovative
ideas for building strong cases for an organization
decreases the time required for marketing and
increases investment on returns. IoT has the
potential to convert the way business, and
consumers approach the IoT world beyond
connectivity.
There are a lot of new opportunities are opening up
in everyday life as well as in business those are
unrivalled, especially in their simplicity and
technology cost.
The possibility to apply this technology in the
restaurants, cafes, clubs and other institutions is
caused by the opportunity to engage the most
sophisticated customer. This technology Physical
Web | (IoT) | Apps allows you improve not only the
appearance of the restaurant or the dishes cost, but
also to enhance the customer experience, for
example, table setting while the client is waiting for
the order.
The following are the ways in which IOT serves us
better:--
Creation of Business
Opportunities:
the connected world of devices, people and data
help to create numerous business opportunities for
many sectors. Organizations leverage iot to gain
insights into customers’ requirements.
Business Revenue Growth: There is a multitude of
opportunities that enhance business growth and
economic opportunity by finding creative ways to
deploy IoT technology to drive revenue growth
through expense reduction and asset productivity.
Strategic Decision-Making
Real-time updates offer resources to improve
decision making and make fact-finding more
accurate.
Reduction in costs of
Components
Costs of IoT components have significantly gone
down, which effectively means that the cost of IoT-
linked devices is getting more affordable day by
day.
Safety and Security
With the help of cameras, smart locks and sensors,
it is easier to avoid physical threats, at workplaces
or homes.
Efficient Process
IoT devices will help to track the customer's
requirements in real time while decreasing the cost
of operation.
4. Applications of IOT:
Home Automation:
IoT can be used to remotely control and operate
your home equipment. It can be also used to
monitor and control either locally or remotely to the
home 's status with the application in your mobile
phones.

Future scope of IOT
Industrial Automation:
Many sensors and robots are used to make the work
faster and will consume less time and quality
works. We can automate manufacturing processes
remotely.
Health monitoring;--
Various types of sensors will collect data from
patient's body and guide the doctor for better
decision. The patterns of heart rate, pulse, digestive
system, and blood pressure can be collected with
the help of this sensors.
Clean Environment:-
IOT sensors will measure the humidity in the
environment and will send the data to the
government to take necessary actions. We can
monitor the emissions from factories and vehicles
to minimize air pollution
4. Architecture of IOT:-
There are 3 main stages in IOT architecture:--
Stage 1:-- It include sensors, (wired or wireless)
which will collect the data around us and turns it
into useful data.
Stage 2:-- It include Gateway. The data collected
from sensors are in analogy from. That data need to
processed and formatted properly to read
information into it.
Stage 3:-- It include Data centre or Cloud. Data is
stored in the data centre or Cloud where data are
utilized and monitored.
5. Drawbacks of IOT:--
With the advancement in the technology, IOT also
have some drawbacks.
All the data are uploaded into the server, so the
main question arises of security and protection of
the data.
Implementation of IOT in the organization leads to
the loss of jobs of many unskilled labourers who
were not update with the latest technology, and the
ratio of the jobless workers increases with the
increases in the technology adaption in the
organization.
Sometimes the architecture of IOT becomes very
complex to install. And simultaneously the cost of
the device also increases.
With the week security in the IOT infrastructure,
the hackers can stole our data and can control our
smart home, offices and various smart devices.
Our lives will become more dependent on the
technology.
6. Conclusion:
From the above report, it can be concluded that in
spite of having so many benefits of IOT, there are
some significant drawbacks. These drawbacks are
stopping some of the organization from adopting
IoT in their organization. By 2020, it is predicted
that the investment in Internet of Things (IoT)
solutions by consumers, governments and
businesses worldwide will be more than $6 trillion.
Also the IoT will emerges from the smart fringes or
home assistant to the smart watches also.
Introduction: --
The IoT (Internet of Things) may have many
advantages in which it helps human to automate
their work, but it also comes with many
disadvantages. So it depend on the us on how to use
this technology effectively.
We should not depend on completely on the
technology. But with the help of IOT, many
organizations have been increased their business

strategy. The main part or the important parts in
IOT architecture is the IOT network. IOT network
should be highly secure and with latest trends of
security approaches to prevent the eavesdropping,
illegal access of the user's data etc. Some Hackers
group or Illegal activists may try to break the IOT
security and causes harm to the data without
permission. There should be new and upgrade tools
and processes which we will use to access the real
time information. We can have the smart life with
the help of IOT in every aspect like smart cities,
smart homes, and smart voice assistant.
To make IOT secure and safe, advanced Encryption
and Decryption methods should be used. The
objectives of this research is to analyze the use of
Business Intelligence in IOT industries.
Past and Future of IOT:
In the past years, IOT was not famous like it is
nowadays. IOT has been used only by the large
companies’ folks. According to the IBSG (Cisco
Internet Business Solutions Group), the IOT was
born in between 2088 and 2009 when at some
points, all the things or objects were connected to
the outside world with the help of Internet than
people. Since then, the innovation in IOT increase
traditionally from connected device to any other
devices with the power supply and internet
connectivity.
Many manufacturers have created their own version
of Internet of Things, which is called as IIOT
(Industrial Internet of Things), which mainly used
in monitoring the power supply of factories, or
capture data for quality management and quality
control and also helps organization to take effective
measures to increases the profit. It is states that by
2027, more than $1 trillion revenue will be
generated with IOT according to the Navigant.
There were many companies which were unaware
of the benefits offered by IOT and IIOT services. If
we fail to take the most of the advantages from the
technology services, we will be the outdated in this
competitive market.
IOT has been popular in the recent years to a
massive scale. The IOT is no longer the inter-
network connected devices, but nowadays, it
expands into the TVs to thermostats to cars, to
wearable devices.
Key Factors of IOT:
The main differences between modern IOT with the
past years since 2000s. There are several key
factors: --
(1) Expansion of networking capabilities
(2) Large-scale data analysis tools
(3) Available data storage
(4) Data security methods
Cloud has played a very important role in making
modern IOT possible. Cloud offers a low-cost,
always-on place for storing the information and
crunching numbers. Cheap, high affordable and
available cloud infrastructure makes easy to remove
loads from the IOT devices to Cloud servers. In
shorts, IOT can be cheaper, clever and faster.
With the help of Clouds, smart thermostat has to
upload basic reading to the cloud and on the other
end, it displays on your mobile application or web
browser. And you can also send the instructions
through the cloud to manage the home's
temperature. Thermostat does not have to store the
data in itself.
IOT cloud[http://blueapp.io/blog/how-iot-cloud-
solutions-connect-you-to-the-world/ ]
IOT challenges:
Though IOT offers many benefits, there were
challenges while using IOT in a huge scale. One is
the lack of acceptance of universal standards in IOT
technology. There were no universal accepted

standards for using IOT services. The only
available standards in IOT is the “AllJoyn
framework”.
With the increased in the inter connected devices,
more the traffic need to handle in the clouds, slower
the process. It can also move into the new IT
infrastructure, but it is slow and costlier process.
Lack of Infinite Bandwidth also plays an role in
slower down the IOT process.
Power is a problem, too. Since the IOT manages the
large number of devices spread over a wide
infrastructure, permanent power sources is required
for realizing IOT's full potential to make this
system work over a long period of time. But this
technologies in the power will takes time before
batteries in IOT device last for many years.
(Problem in IOT architecture)
[https://www.pubnub.com/blog/10-challenges-
securing-iot-communications-iot-security/]
Requirements for IOT projects:--
(1) Sensors
(2) Cloud infrastructure
(3) User interface Design
(4) High Bandwidth connectivity
(5) Data analysis tools
The above are the main parts with which the IOT
project will accomplish. With the IOT, it is
estimated that within 5 years, more than 50 billion
devices will be connected with each other. The
prerequisite of IOT are many but main three
categories; --
(1) Intelligence
(2) Sensing and
(3) Communication
Intelligence and Sensing: --
Wireless network plays a vital role in IOT
infrastructure. Sensors will collect data from world
around us and transmit the data to the cloud where
it is analyzed and utilized and from there, data is
properly visualized in the web or mobile
applications. And user can control the sensors’
operation from any location with the internet
connectivity. Sensors also must have power use
efficiency. The smart connected device will be idle
for many times. In shorts, 90% of times the device
will not need power for relaying data.
Sensors requires the intelligence hardware which
can use low power technology or ultra-low power
sleep mode capability. Many companies are already
manufacturing the smart device with these facilities
to save the power outage in the smart devices.
Smart Communication:
IOT should have smart communication mechanism
to transfer data from one device to another. Smart
device like ZIGBEE is used to exchange data
between devices less power consuming.
High Bandwidth internet connectivity is also
required when large number of devices are
connected with each other in the IOT infrastructure.
With the network drops, the data can be corrupted
which will result in corrupt analysis.
WIFI: -
The important use of Wi-Fi is in the applications
where it requires to transfer high data transmission.
For instance, in applications sharing audio, video or
remote device controlling.
Current technique in IOT:
(1) Wireless Technology
There are many wireless technologies use in IOT
out of which the 5 main technologies are: --
ZIGBEE, Wi-Fi, Bluetooth and BLE and WIMAX.
Wi-Fi use Radio waves to communicate between
2 devices with one another. It is mainly used to
connect Internet router to device like computer’s

and mobile phones. Moreover, it can also be used to
connect 2 hardware components. Wi-Fi is a local
wireless network that runs of the 802.11 standards
set forth by the Institute of Electrical and
Electronics Engineers (IEEE).
Bluetooth and BLE (Bluetooth Low Energy) is used
to communicate between the devices at a short
distance. This technology has been accepted by
many speaker’s system. Bluetooth Low Energy is
used in many devices like fitness trackers, speakers
and smart watches which is used to transfer data
wirelessly.
(2) IoT Operating Systems
Operating systems like Windows and IOS were not
designed to sue for IOT technologies. This OS
consumes too power and need processers which are
fast in speed and lack in some features like real
time information’s. So, for IoTs system, a wide
range of IoT of has been developed to get the basic
IoT features and benefits.
Executive Summary
The purpose of this section of the paper is to focus
on the application of IOT in business intelligence.
This unit of the paper will be helping the readers to
know more about the different aspects and the issue
related to the internet of things. This unit of the
report will be having the solution of the issue and
challenges of internet of things in business
intelligence.
InTroduction
The internet gave us the opportunity to connect in
ways we could never have dreamed possible. The
IOT will take us beyond connections to become
part of living, moving global nervous system. The
IOT also known as “Internet of Things” connect
many network-connected devices, and the device
communicated with each other via wireless protocol
or without human interaction. It mainly comprises
of Data sensors, Gateway interconnectivity, Data
analysis, Cloud and User interface (He, Yan & Da
Xu, 2014). IOT has a concept in which the network
device collects data from the world around us and
send data to the gateway where it is processed and
utilized and based on which the next action will be
performed. The applications of IOT comprises from
wearable’s watch to the Smart Home devices.
Literature review
The application of IOT in BI includes different
types of rules and regulations. All those rules and
regulations have to be studied well by every
concerned members of a business organization
before incorporating it so that the desired results are
obtained with the help of the technology. The
implementation of a new IOT enabled device in a
working environment should be done with the help
of structured designing and requirement
documentation methods so that all the probable
risks associated with the technology such as the
skills required and the resistance to change can be
minimized. All the risks and vulnerabilities
associated with the incorporation of the IOT in BI
have to be examined in order to maintain the
efficiency of both the new device as well as the
organization.
Methodologies
The past techniques which were followed to
mitigate the risks associated with these issue is the
trainings which were given by IT professionals
before the incorporation of the new technology but
they were not enough to deal with the issue as new
business conditions leads to fresh issues which were
not purposefully solved by this technique, so before

the incorporation of a new IOT based technology a
detailed documentation is done along with that
regular training sessions were conducted in order to
minimize the issues.
The method by which the challenges and issues
related to the incorporation of a new IOT enabled
device in BI are solved is the prime determination
of this unit of the assignment. Awareness of the
new technology is one of the most important
technique by which the working mechanism of the
new device can be understood and acknowledged
(Gubbi et al., 2013). The incorporation of a new
IOT enabled device should be having several steps
such as the information collection stage, designing
phase, developmental phase and maintenance
phase. Advanced training sessions are conducted on
a regular basis so that employees are aware of the
latest business conditions which possess a great
problem for any kind of new technology.
Annotated bibliography
Li, S., Tryfonas, T., & Li, H. (2016). The
Internet of Things: a security point of view.
Internet Research, 26(2), 337-359.
This text explores the use of internet of things in a
business enterprise which 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.
Rose, K., Eldridge, S., & Chapin, L. (2015). The
internet of things: An overview. The Internet
Society (ISOC), 1-50.
The application of internet of things in business
purposes are the main point of discussion this
paper, it helps in 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.
Botta, A., De Donato, W., Persico, V., & Pescapé,
A. (2016). Integration of cloud computing and
internet of things: a survey. Future Generation
Computer Systems, 56, 684-700.
This useful resource gives the idea about the use of
internet 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.
Riggins, F. J., & Wamba, S. F. (2015, January).
Research directions on the adoption, usage, and
impact of the internet of things through the use
of big data analytics. In System Sciences
(HICSS), 2015 48th Hawaii International
Conference on (pp. 1531-1540). IEEE.
Riggins and Wamba explained the use of
Internet of things used for faster production of
different industries, consumers can get better
products and services from different business
organizations which use the modern technologies in
their writing. 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.
Wortmann, F., & Flüchter, K. (2015). Internet of
things. Business & Information Systems
Engineering, 57(3), 221-224.
This text explores the usability of the stakeholders
of a business organization while they communicate
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
Table
Issue Documentation Training
Challenge faced
by business
organization
while
incorporating
any new IOT
enabled device.
The
documentation of
the new
technology is one
of the most
important solution
for the problems
involving the
incorporation of
the new
This is the other
essential
solution
regarding the
incorporation of
the new
technology in a
business
organization.

technology
Table1: Solutions of an issue related to application
of IOT in BI
Created by the author
Graph
Fig1: IOT in BI over the years
Source: Created by the author
(Fig1: IOT in BI over the years
Source: Created by the author)
Conclusion
From the above report, the possible issue related to
the challenges faced by business organization while
incorporating any new change are discussed. This
report also gives an idea about the past and current
techniques of solving the same problem. All the
proposed solutions should be encouraged in every
business organization facing similar problems so
that the over-all efficiency and productivity of the
organization can be achieved.
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0 1 2 3 4 5 6
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Nuclear Laboratories
IT industries
Wholesale industries
Health care industry
IOT in BI
2018 2017 2016 2015 2014

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HbzhCq0Qjxx6BAgBEAI&url=https%3A
%2F%2Fwww.businessinsider.com%2Fbi-
intelligence-34-billion-connected-devices-
2020-2015-
11&psig=AOvVaw2n847ww7lXjxmebLa-
3y2r&ust=1536860953762591
Botta, A., De Donato, W., Persico, V., & Pescapé,
A. (2016). Integration of cloud computing
and internet of things: a survey. Future
Generation Computer Systems, 56, 684-700.
Gubbi, J., Buyya, R., Marusic, S., & Palaniswami,
M. (2013). Internet of Things (IoT): A
vision, architectural elements, and future
directions. Future generation computer
systems, 29(7), 1645-1660.
He, W., Yan, G., & Da Xu, L. (2014). Developing
vehicular data cloud services in the IoT
environment. IEEE Transactions on
Industrial Informatics, 10(2), 1587-1595.
Li, S., Tryfonas, T., & Li, H. (2016). The Internet
of Things: a security point of view. Internet
Research, 26(2), 337-359.
Riggins, F. J., & Wamba, S. F. (2015, January).
Research directions on the adoption, usage,
and impact of the internet of things through
the use of big data analytics. In System
Sciences (HICSS), 2015 48th Hawaii
International Conference on (pp. 1531-
1540). IEEE.
Rose, K., Eldridge, S., & Chapin, L. (2015). The
internet of things: An overview. The
Internet Society (ISOC), 1-50.
Wortmann, F., & Flüchter, K. (2015). Internet of
things. Business & Information Systems
Engineering, 57(3), 221-224.