Empowering business growth: unleashing AI, IoT, and Blockchain integration strategies

Sujee, S., Solanki, R. and Dalwai, T. ORCID: 0000-0001-5754-5384, 2024. Empowering business growth: unleashing AI, IoT, and Blockchain integration strategies. In: B. Alareeni and A. Hamdan, eds., Navigating the technological tide: the evolution and challenges of business model innovation. Proceedings of the International Conference on Business and Technology (ICBT2024), volume 2. Cham: Springer, pp. 350-359. ISBN 9783031674365

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Abstract

Since the first Industrial Revolution, technology has been the driving force behind economic growth and development and a strong contributor towards social and environmental changes. Industry 4.0 and now Industry 5.0 are characterised by the impact of digital innovations and ‘digitalisation’. This study is focused on understanding the extent of empowerment that digital innovations like Artificial Intelligence (AI), Internet of Things (IoT) and Blockchain have brought forth to businesses cutting across their scope, size, and deliverables. The digital technologies covered in this discussion have completely transformed businesses and have been extremely successful in creating a global connectedness among industries. There has been an increase in data-based decision-making, transnational security and the creation of an intelligent digital ecosystem capable of processing human language, analysing it and providing outcomes that otherwise may have taken months to deliver. There is evidence to prove that real-time data collected from IoT devices is analysed by AI and using Blockchain technology, a decentralized system is created that provides the right ecosystem for business growth. The synergy created by these technologies applies to several use cases in diverse industries. This study provides facts on successful implementation in healthcare, life sciences, financial services, and supply chain management.

Item Type:	Chapter in book
Creators:	Sujee, S., Solanki, R. and Dalwai, T.
Publisher:	Springer
Place of Publication:	Cham
Date:	28 July 2024
ISBN:	9783031674365
Identifiers:	Number Type 10.1007/978-3-031-67437-2_33 DOI 2184000 Other
Divisions:	Schools > Nottingham Business School
Record created by:	Laura Ward
Date Added:	27 Aug 2024 08:29
Last Modified:	27 Aug 2024 08:29
URI:	https://irep.ntu.ac.uk/id/eprint/52088

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