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  • Author: Gabriel Koman x
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Use of the Internet of Things in the Business Environment to Smart Business

Abstract

The article discusses the use of Internet of Things (hereinafter as IoT) solutions in the social and business environment to support managerial decision-making in Smart businesses. The paper key objective is to assess the rate of increasing technological advancement of the IoT which already affects us all, so it is not possible to talk about the IoT as a matter of the future. Currently, modern technologies provide specific level of digitization of business processes. Due to the penetration of information and communication technologies (hereinafter as ICT) in all areas of social life and business processes, it is possible to implement decisions on product production based on customer needs and requirements. This trend is mainly due to technological advances in ICT and the Internet. Thanks to the internet and the phenomenon called Internet of Things, it is possible to achieve higher profits and improve the quality of life in society. The manuscript main findings can be summarized through a statement that all the businesses try to implement the concept of IoT in their processes, and thus they become smart businesses. Thanks to IoT, businesses can quickly process data and distribute the results to responsible people for decision-making in the enterprise.

Open access
Benefits of Industry 4.0 for Logistics and Decision-making of Managers

Abstract

The article discusses the benefits of the implementation of the Industry 4.0, focusing on the logistics management and decision-making of business managers. The obtained data and conclusions are evaluated qualitatively. Modern technologies have a significant impact on the lives of people and businesses today. This trend is mainly supported by advances in information and communication technologies. ICT technologies are now more accessible and smarter than ever before. This creates new opportunities and opportunities to improve business processes at enterprise level. ICT potential is also an option to generate more data thanks to devices and sensors in Industry 4.0. This data has a potentially important information value for the pony, especially in the decision-making process. The Industry 4.0 has been able to digitize the enterprise through several new technologies and their interconnection. Following the results obtained from this research study, it can be concluded that, based on acquired information through such a digital concept, Industry 4.0 can improve logistics and decision-making processes, and ultimately, the overall performance and prosperity of the enterprise. The Industry 4.0 is now creating an opportunity for businesses to digitize business operations at all levels of management.

Open access