• Digital Business : Internet of Things (IoT) as Challenges and Opportunities

Devarshi Chatterjee Prof (Dr) Devapriya Chatterjee

Abstract:
The research brings to light some formidable challenges as well as the exciting opportunities highlighted by the Internet of Things (IoT) in the present era. The initial segment furnishes an outline on the manner of the linkage between the virtual and the material objects. This segment outlines the framework of the Internet of Things (IoT). The other segment focuses on the opportunities that the Internet of Things (IoT) outlines in the diverse industries. These opportunities include the areas of public sector, manufacturing, energy and utilities, healthcare as well as transportation. As observed, there was augmentation in the new opportunities in every sector, including cost reduction and proficiency. The third segment of the research highlights the framework of the major challenges created by the Internet of Things (IoT), like constraints in linkage, lack of satisfactory standards, compromised privacy and security, problems in analytics of data and algorithmic hitches. A literature review was also made, and it brought to light the nature of initial introduction as well as the significance of the Internet of Things (IoT), along with some positive feedback for the maximum utilization of the utilities. The final segment contemplates on the ideas of the practice and learning of the Internet of things (IoT).