WHAT IS THE INTERNET OF THINGS? AN ECONOMIC PERSPECTIVE

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Industry 4.0 and the current status as well as future prospects on logistics (2017, background): “For the purpose of clarification, Fleisch [17] stresses the need to distinguish the IoT concept from the “ordinary” internet, arguing that “the nerve ends in the IoT are very small, in many cases even invisible, low-end and low energy consumption computers [ .”
The IoT electric business model: Using blockchain technology for the internet of things (2016, background): “Therefore, it is very important to design a more specialized business model [18].”
A Comprehensive Study of Security of Internet-of-Things (2017, background): “Production and assembly line management: IoT-based smart systems allow rapid manufacturing of new products and an interactive response to demands by enabling communication between sensors and controlling/monitoring systems [11].”
The dual effects of the Internet of Things (IoT): A systematic review of the benefits and risks of IoT adoption by organizations (2020, background): “Furthermore, the insights gained by the linking of data from various sources allows organizations to communicate more effectively with their clients, providing new communication opportunities and supporting additional service revenues (Fleisch, 2010).”