Article ID: CBB550701177

Can the IoT Help Small Businesses? (2018)

unapi

The IoT (Internet of Things) can transform businesses by automating processes ranging from inventory management to robotics to automation, saving time, and money. However, can small businesses benefit from the IoT? This article explores the emerging role of the IoT in small businesses, the impact on their ability to compete in a rapidly changing digital environment, and their awareness, attitudes, perceptions, and willingness to adopt it. The research utilizes an initial exploratory approach based on a review of case studies in the literature, interviews with several economic development personnel and a few small and medium-size business managers. Benefits from the use of the IoT include increased efficiency in operations and reduced costs in businesses. The medium-size businesses interviewed have verified these benefits. However, the majority of economic development personnel and small businesses interviewed did not have much or any awareness of what IoT technologies were or their potential benefits.

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Authors & Contributors
Cortada, James W.
Denise Tsang
Zhang, Yongjie
Skroch, Paul W.
Wu, Dengsheng
Reid, John F.
Journals
The Bridge: Journal of the National Academy of Engineering
IEEE Annals of the History of Computing
Social Studies of Science
Science, Technology and Human Values
Journal of the History of Biology
Business History Review
Publishers
Oxford University Press
MIT Press
Random House
Concepts
Information technology
Computers and computing
Business and commerce
Technological innovation
Technology
Technology and society
People
English, Paul M.
Time Periods
21st century
20th century
20th century, late
19th century
20th century, early
Places
United States
China
Great Britain
Wales
Institutions
National Human Genome Research Institute
International Business Machines Corporation
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