The Impact of Innovative Technology and Autonomous Agents on Digital Transformation With Special Reference To Block Chain, (IoT) and AI
Samuel Anbuselvan, Deepthi Nivasini Kumar · SSRN Electronic Journal · 2021
There is a digital transformation in all areas of business, education and transport with the help of cloud – enabled IoT devices and interactive AI that prove to be primary contributors to data analytics. Secondary data from several sources have been reviewed and based on the analysis of previous studies conclusions are drawn in this paper. This study analyses the challenges faced by IoT and AI enabled devices and investigates the benefits of using block chain technology. The paper aims to bring into light the development of new business models based on the convergence of technology like block chain, AI and IoT. There is an increasing convergence of information technology and operational technology towards IoT. By design, innovations like IoT, AI, IDoT and Block chain are complementary and can be exploited to their full potential when used together. Their convergence can be an indispensable tool for data management and automation in business processes.