The Effect of IoT Maturity on Inventory Economic Sustainability

The relationship between IoT implementation and economic sustainability lacks some quantitative assessment. Consequently, this study attempts to quantitatively validate the relationship between IoT maturity within an organization and economic sustainability. Two hypotheses were developed based on th...

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Bibliographic Details
Published in2023 2nd International Conference on Smart Cities 4.0 pp. 99 - 104
Main Authors Abdel Sayed Wassef, Joseph Atef, Ali, Mona Ali, Abdelghaffar, Hany
Format Conference Proceeding
LanguageEnglish
Published IEEE 22.10.2023
Subjects
Asset management
Cost reduction
Costs
Instruments
Inventory management
IoT
Organizations
Reliability
Smart cities
Sustainable development
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DOI10.1109/SmartCities4.056956.2023.10525877

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Summary:The relationship between IoT implementation and economic sustainability lacks some quantitative assessment. Consequently, this study attempts to quantitatively validate the relationship between IoT maturity within an organization and economic sustainability. Two hypotheses were developed based on the literature. The hypotheses relate IoT maturity to both cost reduction and asset management. An instrument was developed and tested on a sample of 50 inventory managers. The results provide evidence that the instrument is both reliable and valid. The results present evidence that there are strong significant relationships between IoT maturity and both cost reduction and asset management leading to economic sustainability.
DOI:10.1109/SmartCities4.056956.2023.10525877