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Journal: International Journal of Management (IJM) (Vol.8, No. 2)

Publication Date:

Authors : ; ;

Page : 68-76

Keywords : Internet of Things (IoT); Connected; Mobility; Cyber Security; Accumulated; Civic Institutions; Merged;

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As objects become embedded with sensors and gain the ability to communicate, the new information networks promise to create new business models, improve business processes, and reduce costs and risks. One such Model is the internet of things. Sensors and actuators are embedded in physical objects from roadways to pacemakers are linked through wired and wireless networks, often using the same Internet Protocol (IP) that connects the Internet. Internet of Things has great potential to support society, to improve energy efficiency and to optimize various kinds of mobility and transport at the same time. However, the Internet of Things raises significant challenges that could stand in the way of reaping its potential benefits. Pitfalls concerning cyber security, theft and hacking of personal and financial data are the ones that are making people agitated. Electronic devices used at home, workplaces, in a neighbourhood or in a large urban landscape are connected and provide data which is accumulated and analyzed for the benefit of its users. The ability of a simple cell phone connecting to other devices, sensors in public, to regulate traffic and other civic institutions, shows how IoT has merged with data and analytics of data plays a key role and will continue to do so in the future.

Last modified: 2017-05-19 23:05:24