USE OF INTERNET OF THINGS IN ECONOMY


Bosnia and Herzegovina

The Rocket Ideas d.o.o., BiH
Bosnia and Herzegovina


Abstract

Information is the most important element for decision-making in business, agriculture, tourism and economics. Methods of finding, selecting and organizing scientific information were used in this paper. The concept of the Internet of Things (IoT) emerged by connecting different devices, vehicles, infrastructure elements, and the like via the internet for their mutual communication with other devices and people. The Internet of Things is a set of interconnected smart devices that enable mutual communication and communication with the environment. IoT is a part of modern technology that facilitates decision-making for companies and farmers. IoT uses the internet and smart devices to provide innovative solutions in business enterprise, state economics, agriculture, and other fields. In this paper, we will focus on the application of IoT in business enterprise, agriculture, and economics in general.

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