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Assignment Task :
Proposed Thesis Title: Significance of IoT towards catering to the needs of the 21st century business ecosystem
Aim
Aim of the research is to analyse the importance of IoT or Internet of Things to fulfil the needs of the modern business ecosystem.
Objectives
To determine the usage of IoT in different operations of modern business context
To evaluate the advantages and challenges faced by the organisations after implementing IoT
To provide recommendations by which the modern businesses can successfully utilise IoT in managing information
Sources of data
Existing dataset will be used to collect secondary information for analysing the significance of IoT in the 21st business context. For this purpose, different scientific literatures will be reviewed. Alongside, primary data will be collected from the employees and managers of different IoT companies situated in London, UK. Questionnaire will be used to collect primary quantitative data from the employees through online survey and primary qualitative data will be acquired through online interview.
Methods
Deductive approach will be utilised to collect and analyse research data on the basis of research objectives and questions. The data will be compared with the existing literature, concepts and theories related to the importance of IoT. On the other hand, descriptive research design will be used to scientifically observe and evaluate the usage of IoT in the business operations from scientific literature as well as primary data sources to analyse the behaviour of IoT in organisations. The equipment that will be used to collect primary data will be close-ended questionnaires for survey and open-ended questionnaires for interviews and MS Excel will be used to analyse research data.
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