Advantages And Ethical Considerations Of Industrial IoT Artificial Intelligence Solutions Usage

Natalia Marinova
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Natalia Marinova: D. A. Tsenov Academy of Economics

Business Management, 2024, issue 2 Year 2024, 43-58

Abstract: The objective of this paper is to research the synergistic interaction between Industrial Internet of Things (IIoT) and the application of Artificial Intelligence (AI) in IIoT ecosystems (AIoT). For achieving this purpose, a method of integrative study of leading scientific publications on the topics ‘Industrial Internet of Things’ and ‘Artificial Internet of Things’ and the PRIZMA flow chart for filtering the list of found documents are applied. The inability of full coverage of the AIoT topic in one article has necessitated the usage of an approach for its content analysis in several thematic groups. The IIoT and AIoT concepts has been explored by various theoretical and practical aspects in many scientific papers published mainly over the past five years, but continues to arouse the interest of researchers. The novelty of the manuscript could be viewed in the attempts of systematizing the key characteristics, advantages, and risks in the practical use of these technologies in the form of smart manufacturing machines, robotic devices, autonomous vehicles, and software for predictive maintenance, and in outlining the possibility for green and sustainable AIoT platforms creation. It is concluded that a key requirement for the implementation of AIoT solutions is the consideration of the various threats and ethical aspects of their design, which contributes to the correct definition of the ‘social value’ of such business initiatives.

Keywords: IIoT; AIoT; Industrial AI; AIoT Risks and Ethics (search for similar items in EconPapers)
JEL-codes: C88 L86 Q55 (search for similar items in EconPapers)
Date: 2024
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