Future of Business Revolution by Internet of Business (IoB)
A special issue of IoT (ISSN 2624-831X).
Deadline for manuscript submissions: closed (31 December 2021) | Viewed by 5997
Special Issue Editor
Interests: energy management; modeling; blue-green economy; industry 4.0; Internet of Things; Internet of Energy; digitalization; sustainability; international management; vocational training, education, business; CSR; SME management; cultural dimensions; 5th wave theory/tomorrow age; future studies
Special Issues, Collections and Topics in MDPI journals
Special Issue Information
Dear Colleagues,
Technology development has led to new opportunities for business improvement. Internet of Things (IoT) is a new technique used in Industry 4.0 (I4.0) that enable businesses to better manage resources and provide them with the flexibility to respond to business conditions.
The digital transformation driven by 4.0 technologies is having a disruptive impact on many business sectors. These innovations allow us to respond to both the growing business demand and the maintenance cost of businesses and a reduction in downtime.
The application of IoT technologies to vast types of devices has led to electrical networks being monitored and controllable in a capillary way.
Big data techniques and predictive models allow smart business management, from a national scale up to global, facilitating the spread of different business systems.
New intermediaries and new business models appear in the market.
The world economy has changed from a business economy to a data and business economy, leading to the concept of the “Internet of Business”.
The aim of this Special Issue is to report on new scenarios, technologies, and applications related to the concept of the Internet of Business (IoB) and discuss challenges and risks on future of business revolution. Examples of this work include the description of new business models and new operating methodologies related to all business sectors, the impact of the digital transformation on the players of these business sectors, new policies and strategies for the monitoring and control of these business activities, and new models of data monetization in business. The Special Issue also aims to cover the impact of 4.0 technologies on business, including the large-scale deployment of IoT, the employment of big data and machine learning for business forecasting, the use of cloud platforms for the control of smart business, the new cyber-risks for the business sector and the future of business.
Most popular IoT applications right now:
- Smart home
- Wearables
- Smart City
- Smart grids
- Industrial internet
- Connected car
- Connected Health (Digital health/Telehealth/Telemedicine)
- Smart retail
- Smart supply chain
- Smart farming
The 5th wave/tomorrow or final age theory, which regards the future of Industry 4.0 and Society 5.0 and edge of tomorrow. This theory posits the readiness of the edge of tomorrow, today’s challenges and tomorrow’s crises and shocks!
In addition, this theory creates societies and business founded on high technologies, D3 (three 21st revolutions: digitalization, decarbonization and decentralization), appropriate business strategies concerned on sustainability which can create new concept and situation of business which is capable of tackled with future concerns entitled ''Tomorrow's Society and Business'' which is a super intelligent society with smart business environment. According to this theory, IoT and IoB play vital role in the future of business.
According to the revolutions of the 5th wave theory, we are focusing on future of business revolution through the IoB as below:
- Cognition revolution (1st revolution)
- Agriculture revolution (2nd revolution)
- Scientific revolution (3rd revolution)
- Business and Economic revolution (4th revolution)
- The first Business and Economic revolution for today’s society
- The second Business and Economic revolution for tomorrow’s society based on IoT leading to the concept of the IoB
IoT is expected to add a big value in the Global GDP. When coupled with AI, it can bring in more value to the Global GDP on account of the cumulative potential of two largely disruptive technologies of the decade. Here, we will see some of the most impactful applications that IoT has brought over to (transforming) businesses:
- New revenue and greater access to data and data generation.
- Maintenance, other cost and downtime reduction.
- Improved customer service, support, engagement and better user experience (Improved business insights & customer experience).
- Smoother logistics.
- Cybersecurity, improved inventory tracking, management, and smarter security.
- Working remotely, home-office, e-Learning, user-friendly and increased productivity. (Efficiency & productivity gains).
- Create new consumer demands by successful consumer behavior and market intelligence.
- Shorter and better purchasing cycles and improve post purchasing.
- Asset tracking & waste reduction
- Globalization in business
- New business models
Prof. Dr. Hamid Doost Mohammadian
Guest Editor
Manuscript Submission Information
Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.
Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. IoT is an international peer-reviewed open access quarterly journal published by MDPI.
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Keywords
- Internet of Things (IoT)
- Internet of Business (IoB)
- Internet of Energy (IoE)
- Internet of Manufacturing (IoM)
- IoT application
- Global business
- Smart business
- Business revolution
- Innovative technologies
- Hybrid companies
- SME
- Industry 4.0
- Society 5.0
- 5th wave theory
- Future business
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