System Dynamics perspective for Adoption of Internet of Things: A Conceptual Framework

Abstract

Internet of Things (IoT) is the group of interconnected computing devices over the internet and implanted in the objects used in daily life for sending and receiving data. IoT helps businesses and society in many ways such as it improves public safety, transportation, and healthcare by providing better information and faster communications. The adoption of IoT is going to create a persistent impact on society and business. This paper develops a model based on system dynamics and identifies the factors influencing IoT adoption. The dominant factors of IoT adoption are communication, control and automation, efficient business processes, self- configuration and cost savings. IoT adoption is also affected by negative factors including privacy risks and security risks, interoperability, reliability, poor infrastructure, less skilled IT professionals, etc. Businesses can reap the potential benefits of IoT by solving the issues related to their adoption. This study is, therefore, a significant contribution towards understanding the factors that influence the adoption of IoT in businesses.

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 11 citations exist upstream.

Papers that cite the same references — the relational fallback while embeddings are still backfilling.