Enterprise Internet of Things: Applications, Risks, and Benefits

This report provides a comprehensive overview of Enterprise Internet of Things (IoT), exploring its core concepts, architecture, and diverse applications. It examines how IoT is revolutionizing business processes, enabling digital transformation, and creating new revenue models across various industries. The report delves into the benefits of IoT, such as improved efficiency, enhanced customer service, and access to real-time data, while also addressing potential risks like malware, data breaches, and compromised credentials. It highlights the importance of strategic approaches, data analysis, and collaboration systems for successful IoT implementation. The report concludes by emphasizing the transformative impact of IoT on existing business models and the need for ongoing analysis of security concerns. References to relevant research papers and publications support the analysis.

ENTERPRISE INTERNET OF

Internet of Things
 Physical device
 Embedded with internet connectivity
 “Always on” status
 Integrated with human lives
 No authentication required
 Learns user’s preferences, choices
and behavior.

IoT in Enterprises
 Producing new models of revenue
 Developing a digital enterprise
 Maximizing efficiencies
 Improving customer services
 Aiding enterprises to reach their target
customers
 Finds applications in spheres such as:
 Manufacturing Industry
 Retail
 Utilities
 Insurance
 Healthcare

IoT supporting digital
transformation
 Strengthens existing business
models
 Provide new opportunities
Comprehensive understanding of
consumers’ preferences and choices
Gives access to real time data
 Improves customer experiences
 Increases agility
 Strategy driven approaches

IoT enabled business
processes
Helps in analyzing data in
real time
Integrate services
Provides predictive analysis
Effectively manage data
Enhances collaboration
between organizations

IoT supports Collaboration
system for enterprises
 Bridges the gap between people and
data
 Computing sensors make use of
cloud communications for storing
data
 Smart buildings, smart healthcare,
smart grids are examples of IoT
collaboration
 Helps in decision making
 Allows exchange of information

Risks of IoT
Malware
Data breach
Sniffing traffic
Disrupting secure
networks
Compromised credentials

Conclusion
 IoT is an emerging technology and
implementing this to existing
business models will change their
operability.
 IoT brings new opportunities to all
sectors.
 Security concern relating to IoT
needs to be analyzed.
 Making digital transformations in the
enterprises.

References
 Zimmermann, A., Schmidt, R., Sandkuhl, K., Wißotzki, M.,
Jugel, D., & Möhring, M. (2015, September). Digital
enterprise architecture-transformation for the internet of
things. In 2015 IEEE 19th International Enterprise
Distributed Object Computing Workshop (pp. 130-138).
IEEE.
 Stackowiak, R., Licht, A., Mantha, V., & Nagode, L.
(2015). Big Data and the Internet of Things: enterprise
information architecture for a new age. Apress.
 Zhai, C., Zou, Z., Zhou, Q., Mao, J., Chen, Q., Tenhunen,
H., ... & Xu, L. (2017). A 2.4-GHz ISM RF and UWB hybrid
RFID real-time locating system for industrial enterprise
Internet of Things. Enterprise Information Systems, 11(6),
909-926.