Economic Impacts and Global Successes through the Internet of Everything (IoE) in the World Countries
محورهای موضوعی : IT Strategy
Seyed Omid Azarkasb
1
,
Seyed Hossein Khasteh
2
1 - K.N. Toosi University of Tecnology Tehran, Iran
2 - K.N. Toosi University of Tecnology Tehran, Iran
کلید واژه: Internet of Everything (IoE), Digital Economy, Economic Growth, Technological Innovation, Competitive Advantage, Global Success, Digital Transformation, Sustainable Development.,
چکیده مقاله :
The rapid evolution of information and communication technology (ICT) in recent decades has triggered profound transformations across the global economic landscape. A key driver of this transformation is the Internet of Everything (IoE), which integrates objects, data, people, and processes to create interconnected ecosystems that generate unprecedented value. The rise of IoE has not only revolutionized technological innovation but has also played a critical role in reshaping global economies by fostering competitiveness and unlocking new economic opportunities. This article examines the economic impacts and technological breakthroughs driven by IoE in six selected countries—spanning developed, developing, and neighboring economies. By analyzing their experiences, we highlight how these nations have utilized IoE to achieve sustainable growth, strengthen market positions, and accelerate their technological advancement. Countries venturing into the realm of IoE benefit from two key aspects. Firstly, they gain new value from technological innovation, and secondly, they secure competitive advantages and market shares against nations that have yet to invest and adapt to the IoE market. Studying pioneering and trailblazing countries in the realm of this technology, unveiling their patterns, visions, and key achievements, not only provides clear insights, identifies needs, and fosters advancements, but also critically examines and analyzes the subject matter. The findings offer essential insights for policymakers, business leaders, and innovators, providing a roadmap for leveraging IoE to maximize economic benefits and drive digital transformation on a global scale.
The rapid evolution of information and communication technology (ICT) in recent decades has triggered profound transformations across the global economic landscape. A key driver of this transformation is the Internet of Everything (IoE), which integrates objects, data, people, and processes to create interconnected ecosystems that generate unprecedented value. The rise of IoE has not only revolutionized technological innovation but has also played a critical role in reshaping global economies by fostering competitiveness and unlocking new economic opportunities. This article examines the economic impacts and technological breakthroughs driven by IoE in six selected countries—spanning developed, developing, and neighboring economies. By analyzing their experiences, we highlight how these nations have utilized IoE to achieve sustainable growth, strengthen market positions, and accelerate their technological advancement. Countries venturing into the realm of IoE benefit from two key aspects. Firstly, they gain new value from technological innovation, and secondly, they secure competitive advantages and market shares against nations that have yet to invest and adapt to the IoE market. Studying pioneering and trailblazing countries in the realm of this technology, unveiling their patterns, visions, and key achievements, not only provides clear insights, identifies needs, and fosters advancements, but also critically examines and analyzes the subject matter. The findings offer essential insights for policymakers, business leaders, and innovators, providing a roadmap for leveraging IoE to maximize economic benefits and drive digital transformation on a global scale.
[1] A. Khamseh, M.A. Mirfallah Lialestani, R. Radfar, “Digital Transformation Model, Based on Grounded Theory”, Journal of Information Systems and Telecommunication (JIST), 2021,Vol. 9, No. 36, pp. 275-284.
[2] M. Khazaei, “Dynamic Tree-Based Routing: Applied in Wireless Sensor Network and IoT”, Journal of Information Systems and Telecommunication (JIST), 2022, Vol. 10, No. 39, pp. 191-200.
[3] M. Ranjbarfard, S.R. Mirsalari, “IT Capability Evaluation through the IT Capability Map”, Journal of Information Systems and Telecommunication (JIST), 2021, Vol. 8, No. 32, pp. 207-218.
[4] K. Bamary, M.R. Behboudi, T. Abbasnjad, “An ICT Performance Evaluation Model based on Meta-Synthesis Approach”, Journal of Information Systems and Telecommunication (JIST), 2022, Vol. 10, No. 39, pp. 229-240.
[5] FREEDOM and SAFETY, “This is The Internet of Everything”, https://freedomandsafety.com/en/file/ioepng, Site Visited: 2024.
[6] James Macaulay, Lauren Buckalew, Gina Chung, “Internet of Everything in Logistics”, a collaborative report by DHL and Cisco on implications and use cases for the logistics industry, 2015.
[7] P.N. Huu, L.H. Bao, “Proposing Real-time Parking System for Smart Cities using Two Cameras”, Journal of Information Systems and Telecommunication (JIST), 2021, Vol. 9, No. 36, pp. 252-262.
[8] N.P. Singh, A. Kanakamalla, S.A. Shahzad, G.D. Asi, S. Suman, “Remote Monitoring System of Heart Conditions for Elderly Persons with ECG Machine using IoT Platform”, Journal of Information Systems and Telecommunication (JIST), 2022, Vol. 10, No. 37, pp. 11-19.
[9] M. Little, S. Kechiche, Y. Zhong, A. Gharibian, “Realising the Potential of IoT in MENA”, GSMA Intelligence report, 2019.
[10] Radwa Ahmed Osman, “Empowering Internet-of-Everything (IoE) Networks through Synergizing Lagrange Optimization and Deep Learning for Enhanced Performance”, ElSEVIER, Physical Communication, 2024, Vol. 63, Article ID 102309.
[11] D. J. Langleya, J. Van Doorn, I. C.L. Ng, S. Stieglitz, A. Lazovik, A. Boonstra, “The Internet of Everything: Smart Things and Their Impact on Business Models”, ElSEVIER, Journal of Business Research, 2021, Vol. 122, pp. 853-863.
[12] Y. Koucheryavy, A. Aziz, “Internet of Things, Smart Spaces, and Next Generation Networks and Systems”, Springer Link, 23rd International Conference, NEW2AN, and 16th Conference, ruSMART, 2023, Part II Dubai, United Arab Emirates, Proceedings. [13] OpenSignal, “Benchmarking the Global 5G Experience”, 2021.
[14] Cisco, “Dubai Harnesses IoE to Make Roads Safer and to Increase Usage of Public Transportation”, Cisco Jurisdiction Profile, 2014.
[15] C. Reberger, F. Atallah, M. Zeidan, S. Ei, “AED 17.9 bn Opportunity for Dubai: 2014-2019”, 2020.
[16] S. Eid, “Dubai Smart City: IoE Value at Stake in the Public Sector”, Cisco Consulting Services Lead for Middle East Africa Russia CIS, 2020.
[17] Speedtest, “United Arab Emirates Median Country Speeds July 2023”, https://www.speedtest.net/global-index/united-arab-emirates, 2023.
[18] M. Little, S. Kechiche, Y. Zhong, A. Gharibian, “Realising the potential of IoT in MENA”, GSMA InteIlligence report, 2019.
[19] OPENSIGNAL, “TURKEY Mobile Network Experience Report”, https://www.opensignal.com/reports/2020/12/turkey/mobile-network-experience, 2021.
[20] H.H. Çelikyay, “The Studies through Smart Cities Model: The Case of Istanbul”, International Journal of Research in Business and Social Science, 2017, Vol.6, No.1, pp.149-163.
[21] G. Bodur, S. Gumus, N. Gul Gursoy, “Perceptions of Turkish Health Professional Students Toward the Effects of the Internet of Things (IOT) Technology in the Future”, ElSEVIER, Nurse Education Today, 2019, Vol. 79, pp. 98-104.
[22] W. Wu, L. Shen, Z. Zhao, A. Rachana Harish, R.Y. Zhong, G.Q. Huang, “Internet of Everything and Digital Twin Enabled Service Platform for Cold Chain Logistics”, ElSEVIER, Journal of Industrial Information Integration, 2023, Vol. 33, Article ID 100443.
[23] A. Bouverot, “How China is Scaling the Internet of Things”, An insight report from the GSMA Connected Living Programme, 2015.
[24] J. Chen, and et al, “China’s Internet of Things”, Research Report Prepared on Behalf of the U.S.-China Economic and Security Review Commission, 2018.
[25] Jing Dai, Wen Che, Jia Jia Lim, Yongyi Shou, “Service Innovation of Cold Chain Logistics Service Providers: A Multiple-Case Study in China”, ElSEVIER, Industrial Marketing Management, 2020, Vol. 89, pp. 143-156.
[26] S. Chen, H. Xu, D. Liu, Hu, H. Wang, “A Vision of IoT: Applications, Challenges, and Opportunities with China Perspective”, IEEE Internet of Things Journal, 2014, Vol. 1, No. 4, pp. 349-359.
[27] Statista, “COVID-19 Barometer 2020”, https://www.statista.com/study/72001/covid-19-barometer, 2020.
[28] Ant Group, KrASIA, https://kr-asia.com/ant-group-searches-for-direction-in-a-new-era-of-chinese-fintec, Site Visited: 2024.
[29] M. Granryd, “How Greater China is Set to Lead the Global industrial IoT”, A GSMA Internet of Things report, 2018.
[30] M. Farhan, T.N. Reza, F.R. Badal, M.R. Islam, S.M. Muyeen, Z. Tasneem, M.M. Hasan, M.F. Ali, M.H. Ahamed, S.H. Abhi, M.M. Islam, S.K. Sarker, S.K. Das, P. Das, “Towards Next Generation Internet of Energy System: Framework and trends”, ElSEVIER, Energy and AI, 2023, Vol. 14, Article ID 100306.
[31] M. Waszkiewicz, “Internet of Things South Korea”, Market Intelligence Report, Department for International Trade Report, prepared by Intralink Limited, 2018.
[32] M. Lee, “An Empirical Study of Home IoT Services in South Korea: The Moderating Effect of the Usage Experience”, International Journal of Human-Computer Interaction, 2018, Vol. 35, Issue. 3, pp. 1-13.
[33] R. Triggs, “Which Country Has the Fastest Mobile Network?”, https://www.androidauthority.com/worlds-fastest-networks-709140/, 2017.
[34] S. Muralidharan, A. Roy, N. Saxena, “An Exhaustive Review on Internet of Things from Korea’s Perspective”, Springer Link, Wireless Personal Communications, 2016, Vol. 90, pp. 1463-1486.
[35] IoT Business News, “The Countries with the Most IoT Devices, Ranked”, https://iotbusinessnews.com/2016/03/31/97541-countries-iot-devices-ranked, 2016.
[36] Ministry of Science, ICT and Future Planning, “Master Plan for Building the Internet of Things (IoT), That Leads the Hyper-Connected, Digital Revolution”, Software Policy Bureau, New Internet Industry Division, 2014.
[37] Internet World Stats, “Internet 2021 Usage in Asia, the World's Fifth Largest Market”, Usage and Population Statistics, https://www.internetworldstats.com, 2021.
[38] Business Korea, Korea's Premium Business News Portal, “S. Korea’s IoT Sales Reach 8.6 Tril. Won in 2018”, http://www.businesskorea.co.kr, 2019.
[39] Statista, “Total Number of Internet of Things (IoT) Patent Applications Worldwide as of 2019, by Country”, https://www.statista.com/statistics/992140/worldwide-internet-of-things-patent-applications-country, 2019.
[40] Statista Global Consumer Survey, https://www.statista.com/global-consumer-survey, site visited: 2024.
[41] S. Chatterjee, A.K. Kar, “Regulation and Governance of the Internet of Things in India”, Digital Policy, Regulation and Governance, 2018, Vol. 20 No. 5, pp. 399-412.
[42] Statista Consumer Market Outlook, https://www.statista.com/outlook/consumer-markets, Site Visited: 2024.
[43] S. Chatterjee, A.K. Kar, Y. K. Dwivedi, “Intention to Use IoT by Aged Indian Consumers”, Journal of Computer Information Systems, 2022, Vol. 62, No. 4, pp. 655-666.
[44] Statista Global Consumer Survey, https://www.statista.com/global-consumer-survey, Site Visited: 2024.
[45] S., A.K. Kar, M.P. Gupta, “Success of IoT in Smart Cities of India: An empirical Analysis”, ElSEVIER, Government Information Quarterly, 2018, Vol. 35, Issue. 3, pp. 349-361.
[46] India Open Government Data (OGD), https://data.gov.in, Site Visited: 2024.
[47] Ministry of Electronics & Information Technology, Government of India, “IoT Policy Document”, Department of Electronics & Information Technology (DeitY), https://www.meity.gov.in, 2016.
[48] S. Chatterjee, A.K. Kar, S.Z. Mustafa, “Securing IoT Devices in Smart Cities of India: from Ethical and Enterprise Information System Management Perspective”, Enterprise Information Systems, 2021, Vol. 15, No. 4, pp. 585-615.
[49] Statista Technology Market Outlook, https://de.statista.com/outlook/technology-outlook, Site Visited: 2024.
[50] S.O. Azarkasb, S.H. Khasteh, “Strategies and Ecosystem Transformations in the Internet of Everything in Malaysia”, Journal of Industry & University, ISC, 2024, Vol. 55-56, pp. 187-204.
[51] RICOH, “5 Pillars of Malaysia Cyber Security Strategy 2020-2024”, https://www.ricoh.com.my, 2023.
[52] TELECOM Review, “Malaysia’s Digital Transformation Powered by New Technologies”, https://www.telecomreviewasia.com/news/featured-articles/4001-malaysia-s-digital-transformation-powered-by-new-technologies/, 2024.
[53] B-K Chery, B-K Ng, C-Y Wong, “Governing the Progress of Internet-of-Things: Ambivalence in the Quest of Technology Exploitation and User Rights Protection”, ELSEVIER, Technology in Society, 2021, Vol. 64, Article ID 101463.
[54] Y.Yuan, T. C. Cheah, “A Study of Internet of Things Enable Hesalthcare Acceptance in Malaysia”, Journal of critical reviews, Journal of Critical Reviewe, 2020, Vol. 7, Issue. 3.
[55] A.H. Abdul Halim, and et all, “National Internet of Things (IoT) Strategic Roadmap”, MIMOS BERHAD, Technology Park Malaysia, 2015.
[56] M. A. Musarat, W.S. Alalou, A.M. Khan, S. Ayub, b, Na. Jousseaume, “A Survey-Based Approach of Framework Development for Improving the Application of Internet of Things in the Construction Industry of Malaysia”, ELSEVIER, Results in Engineering, 2024, Vol. 21, Article ID 101823.
[57] MIMOS BERHAD, Technology Park Malaysia, “National Internet of Things (IoT) Strategic Roadmap: A Summary”, 2015.
