The economics of the Internet of Things in the Global South.

While the Internet of Things (IoT) is not new, its key components are becoming increasingly affordable now, which makes the technology extremely attractive for the Global South. By collecting data from various IoT sources, combining them with data from other sources and using big data analytics, dec...

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Publicado en:Third World Quarterly Vol. 38; no. 2; pp. 311 - 340
Autor principal: Kshetri, Nir
Formato: Artículo
Publicado: Taylor & Francis Ltd Feb2017
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: The economics of the Internet of Things in the Global South.
      aug:
        au: Kshetri, Nir
        affil: Bryan School of Business and Economics, University of North Carolina at Greensboro, USA
      su:
        Economic underdevelopment
        Institution building
        Economics
        Internet of things
        Economic conditions in developing countries
        Social conditions of developing countries
        Developing countries environmental conditions
        Twenty-first century
      sug:
        subj:
          Economic underdevelopment
          Institution building
          Economics
          Internet of things
          Economic conditions in developing countries
          Social conditions of developing countries
          Developing countries environmental conditions
          Twenty-first century
      keyword:
        Global South
        institutional bottlenecks
        Internet of Things
        micro-insurance
        sensors
        telemedicine and remote patient monitoring
        Global South
        institutional bottlenecks
        Internet of Things
        micro-insurance
        sensors
        telemedicine and remote patient monitoring
      ab: While the Internet of Things (IoT) is not new, its key components are becoming increasingly affordable now, which makes the technology extremely attractive for the Global South. By collecting data from various IoT sources, combining them with data from other sources and using big data analytics, decisions can be made and actions can be taken that can have important economic, social, ecological and environmental implications in these countries. The most visible impacts of the IoT in these countries include improvements in agricultural and food systems, enhancement of environmental security and resource conservation, achievement of better healthcare, public health and medicine, and enhancement of the efficiency of key industries. This paper provides an overview of how the IoT is currently being used in the Global South. It also discusses the opportunities and challenges that IoT initiatives present there. The analysis indicates that the IoT may address some of the institutional bottlenecks, technological challenges and key sources of high transaction costs. On the other hand, various sources of underdevelopment may act as barriers to full utilisation of the IoT.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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