Abstract

The Internet of Things, which is another ICT solution and a consequence of the development of the global computer network, is one of the key technologies that has been leveraging organizations' capabilities to drive new business growth. It constitutes a priority for business innovation in the broader sense. Beyond the range of benefits and new opportunities for contemporary organizations, it creates some consequences, new conditions as well as challenges. The article aims to identify significant organizational implications related to the implementation of the concept of the Internet of Things. In this context, based on a literature review and the analysis of the existing research, an author analyzes the barriers and constraints resulting from its adaptation. The analysis shows that data protection and privacy issues, interoperability, real-time data analysis, the lack of standardization, and high financial investments are emerging as major barriers to deploying this technology. Legal and technical issues, the competence gap, and the lack of operational readiness and ability of the organization to change may equally substantially hinder the development of the phenomenon of the Internet of Things in organizations. On the scale of the whole organization, adapting the development to this new concept requires verification of existing business models and modification of operational models taking into account activities related to the potential occurrence of several risks.

Keywords: Internet of Things, new technologies, technology adoption, technology management, organizational implications of IoT

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