Indian Journal of Recent Development Systems for Digitization

ISSN: 2584-1009 (Online)

IoT in B2B Industrial Operations 

Author(s)

Sivakumar, R.D. * and Brindha, S.**

*  Assistant Professor, Department of Computer Science, Bell Institute, Sivakasi

** Former Assistant Professor of Business Administration, Sivakasi

Abstract

The development of the Internet of Things (IoT) is a transforming element for industries and it is changing B2B relationships matrices along different sectors. In this paper, the implementation of IoT technologies within B2B industrial processes is evaluated in terms of such aspects as the consequences, challenges and opportunities. IoT provides continuous connection and data share across all the machines, devices and systems that permit real time tracking, predictive maintenance and streamlining of processes. In addition, through the use of IoT analytics, which provide tangible decisions, managers are able to maximize throughput, improve productivity and leverage cost savings. On the one hand, IoT in B2B industrial environments face challenges of interoperability, cybersecurity issues and also data privacy concerns. This article analyzes ways of dealing with the problem and the main potential of IoT enabled devices by the means of coordination, standardization, and diversity of cyber protection. Furthermore, it considers future trends and directions towards adopting of IoT by means of edge computing, AI integration, and blockchain technology-enabled solutions. The IoT technologies can be used to maximum in a way that B2B industrial operations can achieve a higher degree of agility, robustness and competitiveness in the digital market.

Keywords : Internet of Things, B2B Industrial Operations, Data Exchange, Real-time Monitoring, Predictive Maintenance, Process Optimization, IoT-driven Analytics, Cybersecurity, Edge Computing, Artificial Intelligence (AI), Blockchain and Digital Transformation.

Volume : 1

Issue : 5

Pages : 12-23

Date of Publication : April 2024

DOI : 10.5281/zenodo.10906758

Published By

IJRDSD

Published In

Indian Journal of Recent Development Systems for Digitization