Use Of Technology And Information Management

Having advanced technology nowadays can be both of assistance and a nuisance when it comes to handling Information in the workplace.

GPS, drones, spying, and nuclear war are all capabilities of the everyday items around us. These “normal” devices such as an iPhone or computer are all part of an enormous web infrastructure called the internet of things (IOT). The internet of things is a link between the online world and the physical world through connected devices which can achieve physical accomplishments such as taking a pulse. The Internet of things was said to have been discovered in 1999 during a presentation at Procter and Gamble. When Business moguls were trying to find a way to make the internet profitable, they manufactured the term internet of things. Ironically, IOT tracked its usage of term online through “Google Trends”. According to Google, since 2004 IOT was

We are at the forefront of an information revolution. Firms are increasingly relying on data to drive strategic and business decisions. Upstart companies are giving market leaders a run for their money by tapping into advanced data analytics, statistical modeling and open source software. Multi-billion dollar companies like Uber and Airbnb have shown a groundbreaking data-driven way to connect its products & services to their customers. We are living in a world where every customer touch point with a digital device is being recorded and monetized. Every business has to reinvent, transform, and adapt its products and services to meet the demand of its digital savvy customers or face the risk of becoming obsolete.

The world is getting smarter and better and so are the devices. With the improved technology, we can check our mails on our watch; control our home temperature through our smartphone and much more. The term Internet of Things is referred to any object or device which connects to the Internet to automatically send and/or receive data [1].

Internet of things has been beneficial to the industries due to automation of processes. Management should, therefore, incorporate the automated decision with their human judgment to avoid unmonitored processes and decision making of the organization (Pye,

“Internet of Things” (IoT) really excites me as it combines electronics, programming and web-design. I have completed several IoT projects, including “IntelliSentry”. I have also developed a smart environmental monitor, which sends data to the cloud to be analysed by an algorithm that I programmed. Prototyping IoT devices is challenging, but the satisfaction when all elements come together and the device works is tremendous!

First of all, the internet of things is a set of heavily invested capabilities in search of long and deep profit. The goal of the internet of things is to gather up information about us and use it to optimize processes and nudge us to earn more. This information can be collected by different kind of sensors or device, for example, camera for face recognition, mobile phones, fitness

As a business manager it is important to understand the growth of IoT’s, because utilizing an IoT in your business can provide you with information to carry what products customers are looking to purchase. This would enable a manager to stay ahead of the competition and make more sales, by only ordering what your customers are going to buy. The IoT could help a manager make more successful business decisions.

The IoT is shaping, progressively, the behaviors and the dynamics in and between companies, bringing with it a new set of challenges and plenty of inconvenience - especially when one considers

The IoT’s job is becoming more vital in rendering access to devices and machines which existed manufacturing systems are hidden in well-designed storage towers (silos). This advancement can allow the IT further to come into the digitized manufacturing systems. The entire range of applications which can run around the production shall be connected to factory via the IoT. This would range from connecting the factory to the smart grid and sharing the production facility as a service. In this context, the production system would be though as one of the many IoTs. A new ecosystem for smarter and more efficient generation could be defined.

Applications within the retails sector offer a major opportunity for business to reduce cost and increase profit. The implementation of the internet of things will enable retailers to track their inventory in real time. With products on shelves equipped with technologies such RFID TAGS and smart shelves would be equipped with sensors, retailers would be able to track the movement of products and quickly replace out of stock items. (Thomas W. Gruen, 2007)

The Internet of Things (IoT) is changing how most industries do business and promises a significant return on investment (ROI) in operational efficiency, improved customer experience, risk mitigation, and enabling entirely new business models. The sheer volume of new devices on the network driven by IoT will evolve the scale and range of deploying devices and managing data. Further, recent advances for employing Artificial Intelligence (AI) and Machine Learning (ML) within IoT are creating many new opportunities to enhance data analysis and better decision-making. Although the notion of computing based on sensor data from things was not born yesterday, the meteoric rise of IoT has recently become practical because of smaller, faster,

SAP stands for the systems, application and products in the data processing. It is one of the largest software company and design business software to incorporate all aspects of the business. At present, the company is offering a wide-ranging assortment of resolutions for the Internet of Things (IoT). The IoT platform will assist business enterprises to easily improve, organize, and accomplish their actual Internet of Things IoT as well as Machine-To-Machine (M2M) software applications. By utilizing this digital platform business enterprise can not only run the automated processes, but can also connect to any application through networking (Kamilaris & Pitsillides, 2016).

The Internet of Things is a vision of a global network that connects various physical world objects to the IT infrastructure. This vision has been inspired by the success made in emerging technologies such as Radio-Frequency IDentification (RFID), wireless sensor networks, and mobile communication. The realisation of such a global object network will allow seamless interaction and cooperation between the real and logical world.

The concept of the internet of things abbreviated as IoT was introduced as early as the late 90’s by Kevin Ashton, the Executive Director of Auto-ID Labs and a professor at Massachusetts Institute of Technology. Now, “the Internet of things is already a disruptive technology capable of determining fundamental changes that are happening in everyday life, and it is considered the fourth industrial revolution.” (Hucanu) The Internet of Things (IoT)