Lecture

Internet of Things and the Evolved Workplace

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In course

HUM-387: How technology shapes the workplace of the future

Artificial intelligence, big data, and advances in computing power have triggered a technological revolution that may have enormous bearing on the workplace and the labor market. This course provides you with tools to analyze these developments, and discus ...

Description

This lecture explores the potential of the Internet of Things (IoT) in transforming workplaces and businesses, showcasing its economic benefits and impact on various industries. It delves into the most popular technologies currently used, such as real-time processing and edge computing, and discusses the significant role of IoT in society and business. The lecture also covers the business transformation with IoT, focusing on smart desk objects, wellbeing, and the future of the IoT workplace. Furthermore, it analyzes the vertical companies created to control IoT business landscape, emphasizing data-related services' profitability and the key players in the industry.

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Related concepts (26)

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Data analysis

Data analysis is the process of inspecting, cleansing, transforming, and modeling data with the goal of discovering useful information, informing conclusions, and supporting decision-making. Data analysis has multiple facets and approaches, encompassing diverse techniques under a variety of names, and is used in different business, science, and social science domains. In today's business world, data analysis plays a role in making decisions more scientific and helping businesses operate more effectively.

Business process re-engineering

Business process re-engineering (BPR) is a business management strategy originally pioneered in the early 1990s, focusing on the analysis and design of workflows and business processes within an organization. BPR aims to help organizations fundamentally rethink how they do their work in order to improve customer service, cut operational costs, and become world-class competitors. BPR seeks to help companies radically restructure their organizations by focusing on the ground-up design of their business processes.

Business analytics

Business analytics (BA) refers to the skills, technologies, and practices for iterative exploration and investigation of past business performance to gain insight and drive business planning. Business analytics focuses on developing new insights and understanding of business performance based on data and statistical methods. In contrast, business intelligence traditionally focuses on using a consistent set of metrics to both measure past performance and guide business planning.

Business process

A business process, business method or business function is a collection of related, structured activities or tasks performed by people or equipment in which a specific sequence produces a service or product (serves a particular business goal) for a particular customer or customers. Business processes occur at all organizational levels and may or may not be visible to the customers. A business process may often be visualized (modeled) as a flowchart of a sequence of activities with interleaving decision points or as a process matrix of a sequence of activities with relevance rules based on data in the process.

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