Abstract
The interconnection of devices, intended to collect and transmit data via the Internet, is called the Internet of Things (IoT). This technology has the potential to revolutionize both the economic and industrial sectors, especially in terms of data confidentiality and information security. New media, with a merger between those two, have increasingly replaced traditional media, but many researchers characterize them as two distinct but interconnected types of media. From the traditional media, with its technological evolution, the IoT has supported the development of the media through the emergence of applications, websites, and social networks designed to spread information worldwide. This research focuses on how the IoT has the ability to influence economic growth by trying to determine the impact of the IoT through theories and the evolution of economic growth. Thus, the concept of the IoT is interdependent on information and communications technology and, from an economic point of view, is correlated with productivity. In addition, the processes that have an impact on the media are those of an economic nature, all of which are interconnected with progress, innovation, and the promotion of goods and services. At the same time, this paper aims to determine the correlation between IoT and the economy, with a focus on the media, which has the main result of the development of new businesses. Thus, a bibliometric analysis of the scientific papers on the Web of Science platform regarding the IoT field was performed, in order to identify the current state of knowledge in this field. The results of this analysis highlighted that both the IoT and the economy are shaped by innovation, opportunities, and development.
Highlights
Information and communication technology have become a set of tools present in everyday life and in the economic sector, by increasing production, by determining the emergence of new services, and last but not least, by stimulating cost reduction, producing an influence on the management system of an organization
[60]. generated 11 clusters based on the literature, and the economicsUnion and media, so the analysis results highlighted the fact that the Internet of Things (IoT) economy is a complex field of research, which is in a continuous dynamic
Technologies was and structured into presents the followingthe criteria:, analysis, the result. It presents the current stage of research in the field, possible research gaps, and economics and media, so the analysis generated 11 clusters based on the literature, and yet importantly, the future directions of research are identified
Summary
Information and communication technology have become a set of tools present in everyday life and in the economic sector, by increasing production, by determining the emergence of new services, and last but not least, by stimulating cost reduction, producing an influence on the management system of an organization. 17%, North America at 14%, and the slowest growth in Europe at 9.7%. Through their communication sensors, it is possible to exchange data and information only through technology, without resorting to human action. The IoT field is shaping a new era, meant to develop society both economically and socially [2], being able to revolutionize even more than the Internet. IoT is a model through which objects connect to the Internet, and people have the ability to transfer data with minimal intervention. The Internet of Things enhances the functionality of applications related to production, transportation, energy, or the medical field, with multidisciplinary implications [4], including computer science, social science engineering, management, and business administration
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