Internet of Things in Business Transformation

Dignan think IoT is the very essential components which include digital transformation. It will transform the entire business by making changes in the way how you track your inventory and the supply chain, providing you more analytical data, and more insights. The best place where IoT will be most transformative can be seen under the smart city environment such as sensor based monitoring and controlling of traffic or supply of water or leakage. However, there is one challenge along with the collection of data generated by the sensors that deciding which data is important and should be kept for futures purpose, and which doesn’t. Since storage is cheap, companies can keep data lying around. As per the Dignan, companies are putting a lot of sensors in most of the devices, and not aware or not having plans what to do with that data. Data which is collected and left lying around for potential use later can become vulnerable to attacks. As the data moves to the cloud, it needs to be secured. Dignan said that IoT is going to make everything smart, which is a little freaky yet also kind of cool.

Authors conclude that the recent trend of business transformation requires huge transformation in technologies as world is moving towards the concept of automation, implementing smartness in smart environment where the people are living and making efforts for the development. This paper covers the importance of business transformation, digital transformation and, technologies required for business transformation. Implementing digital transformation into a business doesn’t mean that to apply technology which does the process digital, but it is more than that which includes the way that the employee works with such tools and works with teams. Hence digitalization is a method used to help in the business transformation. Digital transformation supports business transformation, but it doesn’t mean that business transformation is dependent on digital transformation and vice-versa. Both the process must be implemented with the proper policies to achieve the success in the market. Apart from the various benefits of using recent technologies, some challenges related to maintaining the quality process of business, issues related to security of customers data and increasing the customer satisfaction and number of customers etc. are also there which we must handle in different domains.

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1 *Corresponding author: shamsshamsul@gmail.com

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