IoT-Driven Sustainable Development and Future Trends in Industries

1. Introduction

The Internet of Things (IoT) has emerged as a powerful technology paradigm with the potential to drive sustainable development across various industries. The Internet of Things (IoT) describes the network of physical objects—“things”—that are embedded with sensors, software, and other technologies for the purpose of connecting and exchanging data with other devices and systems over the internet. These devices range from ordinary household objects to sophisticated industrial tools. The IoT has had a significant influence on the development of enterprises too. Internet of Things helps to integrate digital and physical systems, which ultimately result in an increase in productivity, a reduction in expenses, and an enhancement in end users' lifestyle quality of life. As a direct consequence of this, it is anticipated that the Internet of Things will cause widespread disruption across a wide variety of distinct business sectors in the years to come. These emerging technologies have revolutionized the way we live, work and interact with the world around us. With the use of IOT, industries are becoming more efficient and sustainable, while streamlining their operations to increase productivity and profitability.

The history of IOT can be traced back to the 1990s, when the concept of machine-to-machine communication was first introduced. Since then, the technology has evolved to include a wide range of devices and sensors that can communicate with each other and collect data in real-time. It is a technological advancement that enables the connection of numerous distinct machines to gather data in real-time and respond to certain issues. It provides a wealth of opportunities and is crucial for sustainability while working to increase energy efficiency. The role of technology and internet of things in sustainable development is involving new types of product innovations resulting in sustainability and value chain solutions. IOT is increasingly playing a crucial role in enabling sustainable development, both from a consumer and an industrial standpoint. The UN Sustainable Development Goals for 2030 can be achieved with the aid of IoT. Blockchain and the Internet of Things (IoT) are two dimensions of industry 4.0 that play a crucial role in sustainable supply chain management (SSCM) and reverse logistics. (Dutta et al, 2022). Industries can utilise IoT to reduce food waste, conserve water, or boost energy efficiency to encourage sustainable innovation and profitability. Implementing I.O.T in various industries is not without its challenges. Inadequate infrastructure, a lack of skilled workers, and legal and regulatory difficulties are major obstacles to the widespread use of IoT in India (Agarwal et al., 2021). There are Design challenges of Scalability, Interoperability and Power Consumption. There are certain development challenges of Software Complexity, Connectivity and data management. Also Security challenges include data privacy, security, Authentication, Authorization and Standardization.

The term “green” typically refers to “planning and investing in a technology network that serves both current and future needs while preserving energy and reducing costs.” The Green Internet of Things is primarily concerned with enhancing energy efficiency and the validity of IoT concepts. The term “Green IoT” refers to an IoT strategy that uses energy efficiently to either reduce or remove the greenhouse effect brought on by current uses. The term “green IoT” refers to a procedure that minimizes the negative effects on society and the environment when producing, developing, utilizing, and disposing of computers, servers, and associated subsystems (such as printers, displays, communications equipment, and storage devices). In order to lessen the detrimental effects of IoT on human health and the environment, new resources are needed.

Examining the Impact of IoT Implementation on Industries and sustainable development. There has been a lot of focus in recent years on the use of the IoT businesses. The Internet of Things (IoT) has the potential to dramatically alter how we live, work, and interacts with the world around us. The Internet of Things allows for greater resource efficiency, higher levels of public safety, and a higher quality of life for city residents. The industrial sector, meanwhile, may use IoT to boost production, save expenses, and streamline operations. The purpose of this study is to investigate how widespread use of the Internet of Things will affect sustainable development and future trends in industry.