IoT-Driven Business Models : Opportunities and Challenges in Smart Enterprises

Authors

  • Rina Putri Universitas Jenderal Soedirman
  • Faisal Harahap Universitas Jenderal Soedirman
  • Ade Kusuma Universitas Jenderal Soedirman

Keywords:

IoT, Business Models, Smart Enterprises, Operational Efficiency, Revenue Streams

Abstract

This study investigates how IoT (Internet of Things) technologies enable innovative business models in smart enterprises. By exploring use cases in manufacturing, healthcare, and retail, the research highlights opportunities for operational efficiency and new revenue streams. Challenges related to data management, interoperability, and cybersecurity are also discussed.

Downloads

Download data is not yet available.

References

Accenture. (2020). IoT Integration Strategies for Business Leaders.

Ahmad, M., et al. (2020). Enhancing Retail Experiences with IoT. Retail Innovation Journal, 5(4), 78–92.

Chandra, S., et al. (2019). IoT Applications in Healthcare. Healthcare Technology Review, 6(3), 89–101.

Deloitte. (2020). The Future of IoT in Business Operations.

EY. (2021). Cybersecurity Challenges in IoT Environments.

Gartner. (2021). Smart Enterprises: Leveraging IoT for Success.

Huawei. (2020). Innovations in IoT Data Analytics.

IBM. (2021). Securing IoT Ecosystems.

Kumar, R., & Patel, A. (2021). Predictive Maintenance in Manufacturing with IoT. International Journal of Smart Technology, 12(1), 45–57.

McKinsey & Company. (2021). IoT Trends in Smart Enterprises.

Putri, R., et al. (2021). Challenges of IoT in Emerging Markets. Indonesian Journal of Technology, 11(1), 12–20.

PwC. (2020). Addressing Interoperability in IoT Systems.

Tan, W., et al. (2020). IoT-Driven Business Models: A Framework for Innovation. Journal of Digital Transformation, 8(2), 123–139.

Universitas Andalas. (2021). IoT in Indonesian Businesses: A Case Study.

World Economic Forum. (2021). IoT and the Digital Economy.

Siyami, N. (2022, December). The Effect of Technology Literature, Financial Literature and Financial Technology on the Financial Performance of MSMEs in Purworejo Regency Moderated by Financial Inclusion. In 3rd Borobudur International Symposium on Humanities and Social Science 2021 (BIS-HSS 2021) (pp. 942-947). Atlantis Press.

Siyami, N. (2022, December). Triple Helix Development Model in Improving Marketing of The Arrow Industry in Krandegan Village, Purworejo Regency. In 3rd Borobudur International Symposium on Humanities and Social Science 2021 (BIS-HSS 2021) (pp. 398-402). Atlantis Press.

Wulandari, A. T. (2024). Pengaruh financial literacy dan financial technology terhadap kinerja keuangan UMKM dengan tingkat pendidikan sebagai variabel moderasi: Studi pada UMKM bidang kuliner di Kota Malang (Doctoral dissertation, Universitas Islam Negeri Maulana Malik Ibrahim).

Respatiningsih, H., Handayani, T., Siyami, N., Rusmiyatun, & Nurwisda, D. (2023). Improving and optimizing marketing performance of coffee MSMEs in Central Java, Indonesia. Migration Letters, 20(8), 707–715. https://doi.org/10.59670/ml.v20i8.5537

Shanti Nugrahani, D., Astuti, W. ., & Harsono, H. (2022). The Role Of E-Trust As Mediation Effect Of E-Service Quality On Online Purchase Intention At Consumer Smes Culinary Sector In Special Region Of Yogyakarta. PENANOMICS: International Journal of Economics, 1(3), 289–300. https://doi.org/10.56107/penanomics.v1i3.47

Rusmiyatun, Firdaus, & Adi Sucipto. (2023). Kajian tata kelola UMKM Kabupaten Purworejo menuju daya saing internasional. Jurnal Bingkai Ekonomi (JBE), 8(2), 29–36. https://doi.org/10.54066/jbe.v8i2.293

Anes Arini, & Hesti Respatiningsih. (2024). Upskilling and reskilling in improving competence of competitive human resources in the era of digital economy. Brilliant International Journal of Management and Tourism, 4(1), 137–150. https://doi.org/10.55606/bijmt.v4i1.2738

Siyami, N. (2022, December). The effect of technology literature, financial literature, and financial technology on the financial performance of MSMEs in Purworejo Regency moderated by financial inclusion. In 3rd Borobudur International Symposium on Humanities and Social Science 2021 (BIS-HSS 2021) (pp. 942–947). Atlantis Press.

Downloads

Published

2024-04-30

How to Cite

Rina Putri, Faisal Harahap, & Ade Kusuma. (2024). IoT-Driven Business Models : Opportunities and Challenges in Smart Enterprises. Digital Innovation : International Journal of Management, 1(2), 05–08. Retrieved from https://international.arimbi.or.id/index.php/DigitalInnovation/article/view/156