Ace my homework – Write a research paper on the impact of IoT technology in enterprise environments. For the research topic, provide an academic argument for funding that might support a vital new step in improving information systems, software, and management. You do not have to actually design a study to the point of specifying research measures of effective information systems management or specifying samples. However, try to evolve your thinking to the point of framing a relevant research topic, problem, and question(s) on which your proposed research would be focused.
Your question(s) should be complete enough to suggest the development of an important theory, address a gap in a current model, or demonstrate an immediate application for solving common information systems problems. Rather than attempting to include as many references as possible, try to emphasize the logical coherence of your evidence of conceptual foundations. Build an academic argument for why your research problem and question(s) are important.
Your Final Paper should adhere to Ace homework tutors – APA format (6th edition), which requires a title page, a reference list, appropriate sections, and their headings. It should also include the following elements:
– A problem statement that includes the hook, anchor, general IT problem and the specific IT problem.
– Hook: A hook (general problem) is a fact that hooks the reader’s interest (include a peer-reviewed citation that is 5 or less years old).
– Anchor: The anchor includes a number that anchors the scope of the problem (make sure the number is supported with a peer-reviewed citation that is 5 or less years old).
– General information systems problem
– Specific information systems problem to be researched
– At least one broad research question that is demonstrably linked to your problem statement.
– You do not need to address any hypotheses or design considerations.
Use the references on the attached documents to complete this task-
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The Impact of IoT Technology in Enterprise Environments
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Introduction
In today’s digital world, things are moving very fast in terms of technological development, a factor that is putting enterprises under increasing pressure to raise their standards to meet the demands of progressive customer expectations. The emergence of the internet of things is seen by most business experts as the solution to help enterprises deal with this pressure because it is capable of fostering technological developments that meet customer’s expectations, a feature that bolsters an enterprise’s competitive advantage in the marketplace. Through the internet of things, enterprises can raise more efficiency and effectiveness given the fact that this technology brings them closer to their customers, a feature that allows enterprises to understand their customer’s needs better as well as advertise their products more conveniently and effectively. The internet of things particularly in an enterprise environment is still evolving with more research being done to see how modern organizations can reap maximum benefits from this emerging technology. However, despite the internet of things having numerous advantages to today’s enterprises, some people believe that the technology has become a challenge some of which include exposing enterprises to security risks as cybercriminals may take advantage of any weaknesses in an organization’s network to conduct cyber-attacks which can sometimes be very costly. As such, this study aims to explore the impact of the internet of things in an enterprise environment by evaluating both the benefits and challenges it faces in today’s digital landscape.
Literature Review
The internet of things is an industry that is growing very fast with experts estimating that this technology is likely to experience huge growth going into the future. Various research studies predict that this growth will bring with it huge economic benefits. The internet technology was a big thing when it was introduced to the world in 1990 as it led to a revoliti0on in how people communicated or shared their information (Greengard, 2015 – Research Paper Writing Help Service). Today technology experts believe that the internet of things will develop to become a big product that will change the way people and enterprises conduct their business because of the numerous benefits that come with it. For example, a study was done by McKinsey, a global giant in technology consulting and career services estimates that by 2025, the internet of things will be in a position to generate approximately 3.9 to 11.11 trillion dollars in terms of the economic revenue generated into the global economy (Greengard, 2015 – Research Paper Writing Help Service). However, McKinsey’s study notes that while these fetes are achievable, policymakers and individual enterprises will have to put in place measures that will encourage the development of the internet of things. In other words, what McKinsey study suggests is that today enterprises should not view the internet of things as just a mere information technology implementation process (Greengard, 2015 – Research Paper Writing Help Service). Instead, enterprises should adopt the internet of things technology like a business decision that will help business improve service delivery and customer relations, a factor that would lead to improved profitability.
Today there is a general consensus that the internet of things has changed the current enterprise model and this change continues to evolve each day. Modern customer demands have increased significantly such that they now want more value for any services and the internet of things is allowing enterprises to build better relationships and understanding with their customer’s, a factor that is promoting improved business activities(Greengard, 2015 – Research Paper Writing Help Service). As a result, the method of value addition has improved tremendously such that business are now able to handle their customer’s needs more efficiently and effectively because they understand them better through the customer relationships developed.
Information technology experts predict that the future of the internet of things technology is expected to grow significantly such that more electronic devices are expected to connect through the internet or other forms of networks. In the process of this growth in the internet of things technology, it is estimated that enterprises will stand to benefit tremendously with their overall output set to grow by more than 50% (Kocovic, Behringer, Ramachandran & Mihajlovic, 2017). Though these figures might sound astronomical, Kocovic and his colleagues suggest that this growth will also be driven by other factors such as an advancing technology landscape that will allow the cost energy to reduce by 25% by 2025 due to the adoption of other power generation technologies such as wind and solar energy. Based on these findings, it justified suggesting that the future of the internet of things particularly in an enterprise environment looks very promising in the future.
Even with the growth in the internet of things particularly in the enterprise’s environment expected to skyrocket within the next decade, experts warn of the need to have a well established standard and regulatory measure that will drive this growth forward. For example, (Da Xu 2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay) suggests that without a well-established regulation and agreement framework in place, most of the enterprise initiatives utilizing the internet of things technology are likely to fail. (Da Xu 2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay) sturdy gives the main reason for this outcome as the fact that a lack of progressive legislation to check on the use of the I0T in enterprises will result in unfair business practices conducted over the internet, a factor that is likely to result in unhealthy competition that can derail the expected growth from happening.
The Impact of IoT in an Enterprise Environment
According to (Da Xu 2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay), IoT Technology can reshape various business procedures and operations. The technology will have various significant advances in different ICT fields. Awareness of this technology will start from various existing programs and technology where it is likely to have an incremental pattern. Markedly, Da Xu clarifies that IoT Technology is very likely to build on unique approaches that currently exist in the enterprise environment. There is an assortment of environments which the technology will impact on such as the SOAs as well as the wireless sensor networks which are important in the collection of contextual data. The technology will have various applications in various industrial sectors such as healthcare, environmental monitoring, workplace, and home service, and manufacturing management. Based on this understanding, it is quite evident of the huge benefits that modern enterprise environments will sow from the advancement of the internet of things.
In another study, Vermesan and Friess describe how the impacts of the internet of things technology are infinite, and its application has changed how people live and work since it assists in saving resources and money. Through the internet of Things technologies, people get exposure to new opportunities that boost their personal growth. According to Vermesan and Friess study, the technology enables public and private-sector organizations to optimize performance, manage assets, and create new business models. The IoT technology, consequently, impacts otherwise into the society by supporting the aging society, optimize all types of transport and mobility and improve energy efficiency. The development of IoT technology in different enterprise environments entirely depends upon how the degree of support in the environment and the level of trust.
Advertisers utilize IoT Technology to enhance the experience of their consumers and improve efficiency in their operations (Lee, 2017). Lee further suggests that the IoT technology has helped change the experience of consumers in retail shopping via smart shopping carts, RFID tags, smart screens and augmented reality. Lee explains the approval of the technology boosts the standing of a business atmosphere. In an enterprise environment and his study notes that the Internet of Things Technology opens people to fresh business opportunities.
IoT technology also has a huge impact on warehouse administration. According to (Wan, Humar & Zhang, 2016: 2024 – Do my homework – Help write my assignment online), the internet of things technology optimizes the operations of a warehouse thus improving the warehousing services. Wan has his colleagues also clarify that the technology improves the intellectualization amounts in warehousing. In particular, at the e-commerce field, the fostering of site operations, the launch of goods, and shopping settlement have become remarkably direct and efficient thanks to advancing IoT technology. Moreover, Wan’s study has also considered the significance of the IoT in information sharing and synchronization between enterprises within a supply chain. The argument advanced is that the fact that IoT technology offers quick and efficient services within an enterprises environment allows businesses to share and synchronize information easily. Based on this understanding, the impact of IoT in an enterprise environment is quite significant.
One of the biggest challenge facing modern enterprises is the often high energy costs that they have to deal with when implementing various operations. In their study, Fortino and Trunfio are mindful of how energy efficiency and consciousness is a crucial application domain for modern ICT in enterprise integration of IoT technology. The development of tinkering smart objects from IoT development and embedded devices aids in solving challenges connected to cross-domain integration and achieving energy efficiency and awareness (Fortino & Trunfio,2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay). The two researchers also have identified the application of the technology in proper energy usage can integrate the technologies in relevant industrial systems. The terms of lightings have great relevance to the everyday life of an individual. The Web of Things technologies has produced different techniques to enable individuals to save energy. Fortino and Trunfio claim that the IoT and other technology help to reduce the differences between the physical and virtual reality by the invention of objects that have virtual representation. In the process, the energy needs within modern enterprises are cut down significantly, a factor that helps most of them deal with the challenge of increasing energy costs.
The internet of things is seen as a sign of revolution or evolution in computing, and it will ensure the embedding of communication and information technology in an enterprise environment. Studies indicate that the effect of the internet of things will be a radical improvement of business models and businesses that are driven by huge flows of information and it will generate new ideas on the way the enterprises and other aspects of human nature functions (Simões, Barbosa & Filipe, 2018: 2024 – Write My Essay For Me | Essay Writing Service For Your Papers Online). One such area is fostering the relationship between smart marketing strategies and the Internet of Things. According to (Simões, Barbosa & Filipe, 2018: 2024 – Write My Essay For Me | Essay Writing Service For Your Papers Online), the internet of things technology improves customer experience, widens analytics extent, and increases the amount of data collected using a variety of devices. Through the potential applications into the world of business, the technology offers a range of great marketing opportunities like the successful sale of present products and services, offering a personalized experience for clients and producing new goods and services in the market. Based on this understanding IoT will help in establishing a fantastic relationship between clients and business since it creates and maintains the standing of a small business.
Challenges of IoT in an Enterprise Environment
Though the IoT technology has great effects on transportation, infrastructure building, and data collection, there can be other constraints to the tech. IoT Technology leads to privacy issues and consequently limiting the success of this technology if not properly executed. Prof. Dr. Mahmood released a book exploring the effect of safety in the design of IoT Technology for business data systems. Mahmood views IoT technologies as an online expansion because it adopts different technology, standards, and solutions. Regrettably, the research indicates that the various systems of technologies can raise the security dangers from the current internet. A person may use the web for different functions such as connections with different individuals and conducting business transactions. Prof. Dr. Mahmood notes that the IoT is an emerging technology which eases various company transactions in global supply chain networks. To prevent unauthorized people from accessing the programs, Mahmood asserts that authorization and authentication mechanisms are essential. In other words, though the biggest threat to the gains made by the internet of things in the enterprise environment is cyber-security, this challenge could be overcome by installing strong cybersecurity measures that prevent potential cyber attacks.
Another challenge facing enterprises trying to adopt IoT technology is that they face the inability to establish a link of all their data so that they can be able to put it together for easier processing. According to (Mahmood, 2018: 2024 – Write My Essay For Me | Essay Writing Service For Your Papers Online), more systems and devices are now getting connected to promote efficiency in any organization, which means that the processing of large data sets will have to be done through the internet of things solutions. However, though most experts in the information technology agree that these are the measures that should be taken, there is a consensus that the greatest hindrance to will be to overcome the complexities involved because they can be overwhelming to most enterprises. Also, Mahmood, argues that trading large data sets through the internet of things will also be quite challenging because enterprises will find it difficult to keep a record of valuable information. However, though this problem can be quite challenging and a huge deterrence for enterprises seeking to adopt the internet of things technology, the challenge can be overcome by adopting digital analytics systems that monitor complex internet of things environments as described above.
Finally, the cost of establishing an Internet of things framework in any organization is rising rapidly, a situation that could prevent small and undercapitalized enterprises from adopting this technology. According to research, nearly all enterprises utilize the internet of things technology to promote their business practices experienced a rise in the expense of installing and maintain the technology by more than 30% in 2018: 2024 – Write My Essay For Me | Essay Writing Service For Your Papers Online (Fortino & Trunfio,2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay). Many factors are causing a sharp increase in the overall cost of installing and maintain the internet of things technology in any given enterprise. As Prof. Dr. Mahmood suggests that cost of maintaining the overall security of the internet of things is quite because of the sophisticated nature of modern cyber attacks and enterprises, have to invest in a technology that can be able to match the sophistication of these cyber attacks (Mahmood, 2018: 2024 – Write My Essay For Me | Essay Writing Service For Your Papers Online).
In another study, (Simões, Barbosa & Filipe, 2018: 2024 – Write My Essay For Me | Essay Writing Service For Your Papers Online) argues that the cost of installing and maintain the internet of things technology in any organization is likely to continue rising because of the intensive nature of competition in modern enterprise environment where organizations are investing heavily in research on IoT technology so as to have an edge in the market. Based on this understanding, it is quite evident that modern enterprises will have to invest more resources into the internet of things going into the future. However, though the overall cost of the internet of things may be set to increase, the overall benefits generated from this technology are also increasing, meaning that as long as these benefits outweigh the challenges that come with increased costs, this challenge is manageable.
Conclusion
From the foregoing, the internet of things particularly in an enterprise environment is still evolving with more research being done to see how modern organizations can reap maximum benefits from this emerging technology. Experts believe that modern enterprises stand to receive huge benefits from adopting the internet of things into their business operations. The internet of things technology exposes users to new opportunities because it offers an effective and efficient way of communication allowing business transactions to go on smoothly. For instance, advertisers utilize IoT Technology to enhance the experience of their consumers and improve efficiency in their operations.
Moreover, the internet of things is also expected to bring down energy costs in modern organizations through the introduction of smart gadgets that consume very little energy. The development of tinkering smart objects from the IoT development and embedded devices aids in solving challenges connected to cross-domain integration and achieving energy efficiency and awareness. Though the IoT has huge benefits, some believe that the internet of things will pose a huge challenge into modern enterprises because of the security threats it raises and the expected increase in the cost of installing this technology. Also, some believe that trading large data sets through the internet of things will also be quite challenging because enterprises will find it difficult to keep a record of valuable information. However, these challenges can be overcome by installing a measure that will guard against cybersecurity threats. Moreover, research should be done to come up with new techniques for handling the large volume of data that can sometimes derail the efficiency of the internet of things. Generally, the challenges facing the internet of things can be overcome if more effort is dedicated to solving them which implies that the overall impact of the internet of things on modern enterprises is positive.
References
Da Xu, L. (2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay). Enterprise integration and information architecture: a systems perspective on industrial information integration. Auerbach Publications.
De Saulles, M. (2016: 2024 – Do my homework – Help write my assignment online). The internet of things and business. Taylor & Francis
Fortino, G., & Trunfio, P. (Eds.). (2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay). Internet of things based on smart objects: Technology, middleware,and applications. Springer
Greengard, S. (2015 – Research Paper Writing Help Service). The internet of things. MIT Press.
Kocovic, P., Behringer, R., Ramachandran, M., & Mihajlovic, R. (Eds.). (2017). Emerging trends and applications of the internet of things. IGI Global.
Lee, I. (Ed.). (2017). The Internet of Things in the Modern Business Environment. IGI Global
Mahmood, Z. (Ed.). (2018: 2024 – Write My Essay For Me | Essay Writing Service For Your Papers Online). Connected Environments for the Internet of Things: Challenges and Solutions. Springer. Science & Business Media.
Simões, D., Barbosa, B., & Filipe, S. (Eds.). (2018: 2024 – Write My Essay For Me | Essay Writing Service For Your Papers Online). Smart Marketing With the Internet of Things. IGI Global.
Vermesan, O., &Friess, P. (Eds.). (2013). Internet of things: converging technologies for smart environments and integrated ecosystems. River Publishers.
Wan, J., Humar, I., & Zhang, D. (2016: 2024 – Do my homework – Help write my assignment online). Industrial IoT Technologies and Applications. Springer International Pu.
