DOIONLINE

DOIONLINE NO - IJACSCC-IRAJ-DOIONLINE-20827

Publish In
International Journal of Advances in Computer Science and Cloud Computing (IJACSCC)-IJACSCC
Journal Home
Volume Issue
Issue
Volume-12,Issue-1  ( May, 2024 )
Paper Title
The Internet of Things (Iot): Applications, Investments, and Challenges for Enterprises
Author Name
Md Nadil Khan, Md Risalat Hossain Ontor, Tanvirahmedshuvo, Nahid Khan, Ashequr Rahman
Affilition
Pages
38-44
Abstract
The rise of the Internet of Things (IoT) has triggered changes, in industries offering improved efficiency data informed decision making and fresh business models. This document explores the world of IoT looking into its uses investment prospects and obstacles faced by businesses. By conducting a review of existing literature, we shed light on the state of IoT technologies by analyzing recent studies and publications. Our approach involves an examination of trends in adoption strategies for evaluating investments and the main challenges encountered during IoT implementation. We delve into the range of applications for IoT in sectors like retail, manufacturing and healthcare spotlighting technologies and successful case studies. Additionally, we evaluate investment opportunities in technologies by comparing methods such as Net Present Value (NPV) and Real Option Approach to assess investments. The document also addresses hurdles related to data management issues, privacy risks, security vulnerabilities and the complexities of interconnected networks. We wrap up with a summary of insights from our research findings along with recommendations, for enterprises looking to navigate the evolving landscape of IoT. Keywords - Internet of Things (IoT), IoT applications, Investment evaluation, Real option approach, Data management, Privacy concerns, Security vulnerabilities, Enterprise challenges, IoT adoption trends, Technological innovation
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