The Role of Internet of Things (IoT), Smart Devices, and Data Integration in Transforming Business Operations

Abstract

In recent years, the Internet of Things (IoT) has emerged as a significant technological advancement, offering enhanced efficiency in both operations and daily living. While the Internet serves as the basis for IoT, it is not merely an extension of internet technologies; rather, it is a comprehensive integration of pervasive services into the surrounding environment. The role of technology comprising a system of interconnected smart devices and the data linkages among them has profoundly altered the world, exerting a disruptive influence in both positive and negative aspects. The outcome of this paper introduces a conceptual framework that can be applied to standardize the terminology employed in future research within the realm of digitalization and smart technologies. The analysis has identified challenges related to privacy, security, and the regulatory framework governing individual data. The integration of IoT, smart devices, and seamless data connectivity is revolutionizing business processes. This will impact of real-time data collection, automation, and intelligent decision-making in improving efficiency, reducing costs, and enhancing customer experiences. This paper focuses on how businesses can leverage IoT ecosystems and data linkage to drive innovation, streamline operations, and gain a competitive edge in the digital economy.