THE ROLE OF IOT DATA AGGREGATORS FOR OPTIMISING OBJECT TRACKING AND KPI MONITORING

Robert Idlbek () and Verica Budimir ()
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Robert Idlbek: Faculty of Tourism and Rural Development, Croatia
Verica Budimir: Faculty of Tourism and Rural Development, Croatia

Business Logistics in Modern Management, 2023, vol. 23, 451-467

Abstract: The Internet of Things (IoT) is an innovative technology that has completely transformed how different devices communicate. This includes sensors, actuators, GPS trackers, and other intelligent equipment. Among its many applications, one of the most important is its role in object tracking and monitoring Key Performance indicators (KPI). These functions are particularly crucial for logistics, manufacturing, agriculture, and retail industries. The main objective of this paper is to explore the significance of IoT data aggregators in optimising these business processes. IoT data aggregators have a vital role to play as they gather, process, and analyse data from multiple IoT devices. This comprehensive approach allows a thorough understanding of the monitored objects and their performance. Moreover, the paper investigates how software designed for data aggregation can enhance the accuracy and efficiency of object tracking. This improvement facilitates real-time tracking of objects indoors and outdoors, analysis of past movements and events, and even predictive maintenance. Additionally, the paper examines how data aggregators contribute to improved KPI monitoring by providing real-time performance metrics. These metrics enable proactive decision-making and enhance operational efficiency. However, addressing some technical challenges associated with object monitoring and data aggregation is essential, such as interoperability and vendor-free technology.

Keywords: IoT data aggregators; object tracking; Key Performance Indicator; KPI monitoring; operational efficiency (search for similar items in EconPapers)
Date: 2023
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