2020
DOI: 10.2478/plua-2020-0004
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Characteristics and Challenges of the Internet of Things in Entrepreneurship

Abstract: The Internet of Things (IoT) is a computing concept that describes the idea of everyday physical objects being connected to the Internet and being able to identify themselves to other devices, and day by day it becomes popular in everyday life as well as in entrepreneurship. The IoT covers broad areas, including manufacturing, the health sector, agriculture, smart cities, security and emergencies among many others. The market for the industrial IoT is estimated to surpass 107 billion euros by 2021 and reach a … Show more

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Cited by 5 publications
(3 citation statements)
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“…Research shows that IoT can provide multiple opportunities for businesses in all areas of operations, including marketing, logistics, accounting, and human resource management. However, enterprises may face some challenges related to privacy and security, data processing, analysis and management, and monitoring and perception [5]. For a unique contribution, Decker focuses on customer relationship management, product lifecycle management, and business model development and discusses the impact of IoT product enhancements in these areas.…”
Section: Related Workmentioning
confidence: 99%
“…Research shows that IoT can provide multiple opportunities for businesses in all areas of operations, including marketing, logistics, accounting, and human resource management. However, enterprises may face some challenges related to privacy and security, data processing, analysis and management, and monitoring and perception [5]. For a unique contribution, Decker focuses on customer relationship management, product lifecycle management, and business model development and discusses the impact of IoT product enhancements in these areas.…”
Section: Related Workmentioning
confidence: 99%
“…ey pay more and more attention to the actual needs of the school and the automation of business processes, which effectively solves the island phenomenon of various information platforms within the school [9]. Liu et al believe that the new generation can effectively cooperate with the school's information management and help the school better carry out intensive management [10].…”
Section: Literature Reviewmentioning
confidence: 99%
“…It also gives a businessman a supernatural ability to remotely manage and monitor the Internet-connected things, and the services that they offer to customers (Mahto et al, 2018). Among the benefits of IoT for entrepreneurs are the ability to transfer the business processes, allow to have data-driven revenue models, the ability to enjoy hyper-connectivity and much more Licite-Kurbe & Chandramohan, 2020). However, the familiarity of the IoTs and the ability to work seamlessly without any hassle is counted as essential skills of anyone living in this digital era in which entrepreneurs will not be an exception (Ferdiana & Sulistyo, 2019).…”
Section: The Internet Familiaritymentioning
confidence: 99%