Internet of Things "IoT" and the Quality of Decision-making during the Covid-19 Pandemic: A Perspective of Accounting Managers within the Jordanian Industrial Sector

Abstract

The current study investigates the influence of adopting internet of things (IoT) within the field of accounting in order to enhance and support a better decision-making process during the COVID-19 pandemic. The study sheds light on this issue from the perspective of managers and leaders within the Jordanian industrial sector. Variables of IoT specifications within the accounting field were taken into consideration, including (AI and cloud computing, real-time data, streamlining accounting operations, minimizing auditing efforts and efficiency of workforce management) as independent variables, while (quality of accounting decision-making) was considered as the dependent variable. A quantitative approach was employed, through an online-uploaded questionnaire distributed to a sample of (143) accounting managers within industrial organizations in Jordan. SPSS, v. 27 was used and the results of the study proved the acceptance of the main hypothesis, stating that "IoT has the ability to present better quality of accounting decisions during the COVID-19 pandemic". The results also indicated that the variables of IoT were influential, where the variable (minimizing auditing efforts) scored a medium correlation and explained 43.3% of the variance, in comparison to the least influential variable which appeared to be AI and cloud computing with a medium correlation explaining 25.7% of the variance. The study recommended the necessity of conducting analysis of possible risks in a clear and comprehensive manner in order to highlight the prediction, evaluation and treatment of occurring problems in the future.