The Internet of Things in Financial Industry
Name
Narmin Ahmadova
Abstract
The evolution of technology constantly gives rise to innovations that introduce innovative solutions and capabilities. Among these emerging technologies, the Internet of Things also brought attention. Numerous industries have explored and integrated IoT into their operational procedures. Nevertheless, the Financial Industry has been somewhat delayed in adopting these practical applications. This thesis delves into six research inquiries, collectively aimed at a central objective: comprehending how the financial sector can benefit from the IoT. To address this matter, data was collected from both a thorough review of the literature and expert interviews. The data underwent a process of refinement, analysis, and systematic organization within a conceptual framework. A noteworthy contribution of this thesis is the categorization of various use cases for IoT. The framework effectively clusters instances of IoT applications within the financial domain. Furthermore, it uncovers the capabilities and prerequisites of implementing IoT technology. Besides that, the framework also outlines the impact and value of each use case along with the challenges, timelines, and obstacles related to the widespread integration of this new technology.
Graduation Thesis language
English
Graduation Thesis type
Master - Innovation and Technology Management
Supervisor(s)
Fredrik Payman Milani
Defence year
2023