Component Technologies on Home-Based Enterprises: A Trend in Smart Cities Development

Abstract

This article examines Home-Based Enterprises (HBEs) operations following the advancement of component technologies usage by its operators for trading and promotion. HBE operators use the home as a place of business to contribute to the income and improved welfare of households, especially in times of crises as recognised in many studies. Adequate ICT requirement is needed to drive any enterprises, especially in HBEs in the long run may result in regional and local development, a fundamental point and trend in the promotion of smart city development. The essence of this article is to examine the use of the internet in HBE transactions and its contributory factor. This paper is to outline the transformational impact of technology use on HBEs toward smart city development. The emerging circumstances of internet usage like social media, mobile applications, ICT, and websites applications have been considered in detail. HBEs development based on the availability and usage of internet facilities has been suggested for its application where necessary, and this can serve as a guide to changing dynamics of the cities towards the total adoption of the internet for business operations and transactions for the benefit and improvement of the local economies. The government in collaboration with stakeholders and the private sector should be willing to make available knowledge of the component technologies that will benefit HBEs as well as provide favourable programmes, and enact policies guided by laws and regulations. This paper discussed the various information fusions in the use of internet services to aid transactions as well as the selling and buying of products with ease without any form of difficulties encountered. Keywords: Component Technologies, HBEs, ICT, Smart Cities, Transactions DOI: 10.7176/RHSS/13-10-01 Publication date: May 31 st 2023