Internet of Things in Business Transformation. Группа авторов
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1 *Corresponding author: [email protected]
4
Transformational Technology for Business Transformation in the New Era
Md Shamsul Haque Ansari1* and Monica Mehrotra2
1Research Lab, Department of Computer Science, JMI, New Delhi, India
2Department of Computer Science, JMI, New Delhi, India
Abstract
In terms of management, business transformation takes place with the fundamental changes in the way the business takes place to cope up with the shift in market environment day by day. Urbanization also has a major role in the environment of market shift as the large number of populations is being shifted from rural areas to urban areas. Hence, we require inventive and innovative technologies which may sense urban dynamics automatically and give essential information to improve the sustainability of smart cities. To make the life easier, do work efficiently and generate more revenues according to the limited time, the technology plays an important role. The recent trend of business transformation requires huge transformation in technologies as we are moving towards the concept of smart city. Apart from the various benefits of using recent technologies, some challenges are also there which we must handle in different fields like energy conservation, security system especially related to banking transactions, etc.
Keywords: IoT, smart city, digital transformation, business transformation
4.1 Introduction
In the current scenario, if we talk about the business organizations whether it is small size organization or large organization, they are adopting business transformation with the fundamental changes in the way the business takes place to cope up with the shift in the market environment day by day. Urbanization is one of the major components for business transformation in the shift of market environment as the large number of populations is being shifted from rural areas to urban areas and the majority of the population are getting more aware about the market, products and services. Hence, we require inventive and innovative technologies which may sense urban dynamics automatically and give essential information to improve the business processes which must maintain and increase the revenue of the business organization and hence the sustainability of the organization too. Business transformation is the biggest challenge for every organization towards their sustainability in the market. To make the life easier, do work efficiently and generate more revenues according to the limited time, the technology plays an important role [1].
Technology is a term which makes the organization capable