Economic Impacts and Global Successes through the Internet of Everything (IoE)
Subject Areas : IT Strategy
Seyed Omid Azarkasb
1
*
,
Seyed Hossein Khasteh
2
1 - K.N. Toosi University of Tecnology Tehran, Iran
2 - K.N. Toosi University of Tecnology Tehran, Iran
Keywords: Internet of Everything (IoE), digital economy, economic growth, technological innovation, competitive advantage, global success, digital transformation, sustainable development.,
Abstract :
The rapid evolution of information and communication technology (ICT) in recent decades has triggered profound transformations across the global economic landscape. A key driver of this transformation is the Internet of Everything (IoE), which integrates objects, data, people, and processes to create interconnected ecosystems that generate unprecedented value. The rise of IoE has not only revolutionized technological innovation but has also played a critical role in reshaping global economies by fostering competitiveness and unlocking new economic opportunities. This article examines the economic impacts and technological breakthroughs driven by IoE in six selected countries—spanning developed, developing, and neighboring economies. By analyzing their experiences, we highlight how these nations have utilized IoE to achieve sustainable growth, strengthen market positions, and accelerate their technological advancement. Countries venturing into the realm of IoE benefit from two key aspects. Firstly, they gain new value from technological innovation, and secondly, they secure competitive advantages and market shares against nations that have yet to invest and adapt to the IoE market. Studying pioneering and trailblazing countries in the realm of this technology, unveiling their patterns, visions, and key achievements, not only provides clear insights, identifies needs, and fosters advancements, but also critically examines and analyzes the subject matter. The findings offer essential insights for policymakers, business leaders, and innovators, providing a roadmap for leveraging IoE to maximize economic benefits and drive digital transformation on a global scale.
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