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The Future of IoT in Business and Consumer Environments

The Future of IoT in Business and Consumer Environments
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Author(s): Sucheta Kanchi (Bharati Vidyapeeth, Pune, India), P. Selvakumar (Department of Science and Humanities, Nehru Institute of Technology, Coimbatore, India), Cyril Crasto (Sri Balaji University, Pune, India), T. C. Manjunath (Rajarajeswari College of Engineering, India), Subramaniam Iyer (Datta Meghe Institute of Management Studies, India)and Ruchika Paidalwar (Datta Meghe Institute of Management Studies, India)
Copyright: 2026
Pages: 26
Source title: Managing the Internet of Things (IoT) for Business Transformation and Consumer Adoption
Source Author(s)/Editor(s): Asa Romeo Asa (Namibia University of Science and Technology, Namibia)and Johanna Pangeiko Nautwima (Namibia University of Science and Technology, Namibia)
DOI: 10.4018/979-8-3373-3441-7.ch010

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Abstract

This paradigm is rapidly revolutionizing the way businesses operate, governments function, and consumers engage with their environments. consumer environments, emphasizing the wide-ranging impact of this technology. Defining the Internet of Things, from wearable fitness trackers to smart vehicles, and from agricultural sensors to connected healthcare devices. The key characteristics that define IoT include connectivity, automation, data exchange, and smart decision-making. to make decisions without human intervention. Over time, IoT systems learn from the data they collect, resulting in more intelligent and efficient operations. Thus, IoT is not just about connecting devices but also about enabling machines to make decisions and improve their functionality autonomously. Actuators: Actuators are responsible for carrying out the actions based on the data and decisions made by the IoT system(Adolphs & Winkelmann, 2010). For example, an actuator might turn on a heating system in response to a drop in temperature detected by a sensor.

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