The Role of IoT and Big Data Analytics in Driving Sustainable Management Transformation

Simona Corina Dobre Gudei and Elena Gurgu
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Simona Corina Dobre Gudei: Bucharest University of Economic Studies, Faculty of Economy and International Affairs, Bucharest, Romania
Elena Gurgu: Spiru Haret University, Department of Economic Sciences, Faculty of Economic Sciences, Bucharest, Romania

Economics and Applied Informatics, 2024, issue 3, 36-45

Abstract: In the digital age, emerging technologies such as the Internet of Things (IoT) and Big Data Analytics play a crucial role in driving the transformation of sustainable management. This article explores how these technologies can support organizations in optimizing resource use, reducing waste and improving operational efficiency, helping to achieve sustainability goals. IoT enables real-time monitoring and data collection through sensors and connected devices, providing valuable information about energy consumption, resource utilization and operational performance. Combined with Big Data Analytics, this information is analyzed to identify patterns, anticipate problems and optimize processes. Case studies from sectors such as manufacturing, transport and energy demonstrate the positive impact of implementing these technologies. For example, by using IoT, companies can monitor energy consumption in real time, thereby reducing carbon emissions and associated costs. Big Data Analytics helps to optimize supply chains, improve logistics and maximize the use of renewable resources. However, data security challenges and high initial investments remain important obstacles. The article concludes that the integration of IoT and Big Data Analytics is a critical step for companies looking to transform their sustainability management, offering significant opportunities for innovation and efficiency.

Keywords: Internet of Things (IOT); Big Data Analytics (BDA); sustainable management; digital transformation; sustainability; energy efficiency; carbon reduction; resource optimization; technological innovation; sustainable supply chains (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fseeai:y:2024:i:3:p:36-45

DOI: 10.35219/eai15840409428

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