This research project investigates the impact of the Internet of Things (IoT) on business, with a specific focus on the context of Bahrain and its potential for entrepreneurship. The study begins with an introduction to IoT, its applications, and its importance in the business industry, particularly within the FinTech sector. A comprehensive literature review is conducted to analyze the relationship between IoT and FinTech, examining the benefits of IoT in areas such as smart cities, home automation, and healthcare. The report explores the background of Bahrain's economy, its move towards entrepreneurship, and the challenges it faces. The main conflict of the research focuses on the negative impacts of IoT technology and the potential for IoT-based systems in Bahrain. The report also highlights previous studies to analyze how IoT is fostering an ecosystem, affecting sectors such as banking and insurance. The hypothesis of the research is that IoT plays an important role in business in Bahrain and impacts the banking sector. The report concludes with the key significance of IoT, including its contribution to economic benefits, enhanced consumer services, reduced risk, and improved decision-making. The project highlights the growing importance of IoT in a world heading towards entrepreneurship.
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