<link rel="stylesheet" href="styles.f3b1fba60ec7970c.css">

Economic aspects of projects based on the Internet of Things

dc.contributor.authorRahimov, J.en
dc.contributor.authorRahimov, E.en
dc.contributor.authorNasirzade, A.en
dc.contributor.authorYusifli, P.en
dc.contributor.authorРахімов, Дж.uk
dc.contributor.authorРахімов, Е.uk
dc.contributor.authorНасірзаде, А.uk
dc.contributor.authorЮсіфлі, П.uk
dc.identifier.orcidhttps://orcid.org/0009-0009-3132-9822
dc.identifier.orcidhttps://orcid.org/0009-0001-1421-6430
dc.identifier.orcidhttps://orcid.org/0009-0009-4779-1026
dc.identifier.orcidhttps://orcid.org/0009-0007-3765-3426
dc.titleEconomic aspects of projects based on the Internet of Thingsen
dc.title.alternativeЕкономічні аспекти проектів на основі Інтернету речейuk
dc.date.issued2025
dc.publisherВінницький національний технічний університетuk
dc.identifier.citationRahimov J., Rahimov E., Rahimov E., Nasirzade A., Yusifli P. Economic aspects of projects based on the Internet of Things // Innovation and Sustainability. 2025. № 4 (5). P. 31-44. DOI: https://doi.org/10.31649/vis/4.2025.31.en
dc.relation.ispartofInnovation and Sustainability. № 4 : 31-44.en
dc.relation.urihttps://inns.vn.ua/en/journals/tom-5-4-2025/yekonomichni-aspekti-proyektiv-na-osnovi-internetu-rechey
dc.identifier.doihttps://doi.org/10.31649/vis/4.2025.31
dc.identifier.issn2786-5940
dc.identifier.udc004.738.5:338.24
dc.identifier.urihttps://ir.lib.vntu.edu.ua/handle/123456789/56011
dc.description.abstractМетою цього дослідження було вивчити, як впровадження технологій Інтернету речей (IoT) впливає на економічні показники, оцінивши їхній вплив на ефективність, зниження витрат та трансформацію бізнеспроцесів. Методологія базувалася на теоретичному аналізі наукових джерел, контент-аналізі технічних описів, порівняльній оцінці корпоративних кейсів та галузевих аналітичних підходах. Результати показали, що IoT забезпечує істотне та стабільне підвищення ефективності в усіх секторах. У промисловості цифровізація досягає 57,5 %, ручні дії зменшуються на 40-60 %, а витрати на робочу силу знижуються приблизно на 25 %. Прогнозне технічне обслуговування знижує незаплановані простої на 25-35 % і підвищує продуктивність на 20-30 %. У логістиці інтелектуальне маршрутизування зменшує транспортні витрати на 10-25% і час доставки на 20-25 %. У сільському господарстві дрони та датчики скорочують використання агрохімікатів на 30-45 % і споживання води до 90 %, а врожайність збільшується на 15-30 %. В енергетичному секторі інтелектуальні лічильники зменшують споживання електроенергії на 2,5-3,5 %, а системи Smart Grid зменшують втрати в мережі на 15-25 %. На макрорівні цифрова економіка в країнах Організації економічного співробітництва та розвитку зростала в 2,5 рази швидше, ніж валовий внутрішній продукт, а 10-відсоткове збільшення підключень до Інтернету речей підвищило загальну продуктивність факторів виробництва на 0,23 відсоткових пункти. Дослідження також виявило перешкоди для впровадження, зокрема обмежену сумісність, відсутність стандартів, ризики безпеки, нестачу фахівців, нестабільне регулювання та високі інвестиційні й операційні витрати з невизначеною віддачою. Результати можуть бути застосовані підприємствами та державними установами для підвищення ефективності та оптимізації використання ресурсів.uk
dc.description.abstractThe aim of this study was to examine how the implementation of Internet of Things (IoT) technologies influences economic performance by evaluating their effects on efficiency, cost reduction, and the transformation of business processes. The methodology relied on theoretical analysis of scientific sources, content analysis of technical descriptions, comparative evaluation of corporate cases, and sector-specific analytical approaches. The results showed that the IoT provides a substantial and stable increase in efficiency across sectors. In industry, digitalisation reaches 57.5%, manual actions decrease by 40-60%, and labour costs fall by about 25%. Predictive maintenance lowers unplanned downtime by 25-35% and raises productivity by 20-30%. In logistics, intelligent routing reduces transportation costs by 10-25% and delivery time by 20-25%. In agriculture, drones and sensors cut agrochemical use by 30-45% and water consumption by up to 90%, with yields increasing by 15-30%. In the energy sector, smart meters reduce electricity consumption by 2.5-3.5% and Smart Grid systems reduce network losses by 15-25%. At the macro level, the digital economy in Organisation for Economic Cooperation and Development countries grew 2.5 times faster than gross domestic product, while a 10-percentage-point increase in IoT connectivity raised total factor productivity by 0.23 percentage points. The study also identified barriers to implementation, including limited interoperability, missing standards, security risks, a shortage of specialists, unstable regulation and high investment and operating costs with uncertain returns. Enterprises and public institutions to improve efficiency and optimise resource use can apply the results.uk
dc.subjectцифрова інфраструктураuk
dc.subjectсенсорні мережіuk
dc.subjectдані в режимі реального часуuk
dc.subjectопераційна ефективністьuk
dc.subjectінвестиціїuk
dc.subjectкібербезпекаuk
dc.subjectdigital infrastructureen
dc.subjectsensor networksen
dc.subjectreal-time dataen
dc.subjectoperational efficiencyen
dc.subjectinvestmenten
dc.subjectcybersecurityen
dc.typeArticle, professional native edition
dc.typeArticle
dc.language.isoenen
dc.relation.referencesA1 Digital. (2025). 11 IoT examples across different industries. Retrieved from https://www.a1.digital/knowledgehub/11-iot-examples-across-different-industries/.en
dc.relation.referencesAbdullayev, K., Abdullayev, R., Yusifov, E., Babazade, I., & Fataliyeva, G. (2024). Main areas of development of the digital economy in the Republic of Azerbaijan. Economics of Development, 23(1), 78-88. doi: 10.57111/econ/1.2024.78.en
dc.relation.referencesAbebe, N., Perera, A., Novak. T., & Adebayo, Y. (2025). Total cost of ownership (TCO) optimization in IoT ecosystems using AI-driven predictive models. Retrieved from https://www.researchgate.net/publication/395713030_Total_Cost_ of_Ownership_TCO_Optimization_in_IoT_Ecosystems_Using_AI-_Driven_Predictive_Models.en
dc.relation.referencesAddas, A., Khan, M.N., & Naseer, F. (2024). Waste management 2.0: Leveraging Internet of Things for an efficient and eco-friendly smart city solution. PLoS One, 19(7), article number e0307608. doi: 10.1371/journal.pone.0307608.en
dc.relation.referencesAGC Lighting. (2023). Smart IoT lighting and sustainability. Retrieved from https://www.agcled.com/blog/smart-iotlighting-sustainability.html.en
dc.relation.referencesAlenizi, A.S., & Al-Karawi, K.A. (2023). Internet of Things (IoT) adoption: Challenges and barriers. In X.-S. Yang, S. Sherratt, N. Dey, & A. Joshi (Eds.), Proceedings of the seventh international congress on information and communication technology (pp. 217-229). Singapore: Springer. doi: 10.1007/978-981-19-2394-4_20.en
dc.relation.referencesAmazon – a prime example of an IoT implementation. (n.d.). Retrieved from https://fr.farnell.com/amazon-a-primeexample-of-an-iot-implementation.en
dc.relation.referencesARO. (2023). IoT devices “to generate nearly 80 zettabytes of data” by 2025. Retrieved from https://aro.tech/insights/ blog/iot-devices-to-generate-nearly-80-zettabytes-of-data-by-2025/.en
dc.relation.referencesAslanova, T.T., Fatahova, N.R., & Fatahov, I. (2024). Digitalization perspectives of the Azerbaijan economy. Journal of Propulsion Technology, 45(1), 342-350.en
dc.relation.referencesBai, K., Shen, Z., Zhou, S., Su, Z., Yang, R., & Song, M. (2024). How does digitalization promote productivity growth in China? Journal of Innovation & Knowledge, 9(4), article number 100586. doi: 10.1016/j.jik.2024.100586.en
dc.relation.referencesBar, M. (2025). How route optimisation reduces carbon emissions. Retrieved from https://surl.lt/asaidz.en
dc.relation.referencesChang, O., & Hsiao, J. (2025). US economic growth in early 2025 driven largely by AI data centers and IT investments. Retrieved from https://www.digitimes.com/news/a20251014PD201/2025-data-economy-expansion-gdp.html.en
dc.relation.referencesCodeXTeam. (2024). AI and supply chain optimization leading to a 25% reduction in delivery times. Retrieved from https://www.codex.team/blog/ai-and-supply-chain-optimization-leading-to-a-25-reduction-in-delivery-times.en
dc.relation.referencesDaws, R. (2025). Industrial AIoT adoption drives operational efficiency. Retrieved from https://iottechnews.com/ news/industrial-aiot-adoption-drives-operational-efficiency/.en
dc.relation.referencesDepartment of Energy Security of the United Kingdom. (2024). Monitoring smart meter energy savings using the National Energy Efficiency Data-Framework. Retrieved from https://assets.publishing.service.gov.uk/ media/672df39f5437e298ae64ce94/monitoring-smart-meter-energy-savings-using-NEED.pdf.en
dc.relation.referencesDing, J. (2024). The impact of the digital economy and new infrastructure on China’s economic development. Highlights in Business Economics and Management, 24, 832-838. doi: 10.54097/5xmbqh40.en
dc.relation.referencesDo, K., Klymova, I., Naumova, E., Herevych, M., & Yankovskyi, O. (2025). Data processing and analysis methods in IoT using machine learning. Navigation and Communication Control Systems, 2(80), 119-124. doi: 10.26906/ SUNZ.2025.2.119.en
dc.relation.referencesEdquist, H., Goodridge, P., & Haskel, J. (2019). The Internet of Things and economic growth in a panel of countries. Economics of Innovation and New Technology, 30(3), 262-283. doi: 10.1080/10438599.2019.1695941.en
dc.relation.referencesETSI EN 303 645 V3.1.3. (2024). Cyber security for consumer Internet of Things: Baseline requirements. Retrieved from https://www.etsi.org/deliver/etsi_en/303600_303699/303645/03.01.03_60/en_303645v030103p.pdf.en
dc.relation.referencesFuture Market Insights. (2025a). Business as a service market size and share forecast outlook 2025 to 2035. Retrieved from https://www.futuremarketinsights.com/reports/business-as-a-service-market.en
dc.relation.referencesFuture Market Insights. (2025b). Smart waste management market growth – trends & forecast 2025 to 2035. Retrieved from https://www.futuremarketinsights.com/reports/smart-waste-management-market.en
dc.relation.referencesGerodimos, A., Maglaras, L., Ferrag, M.A., Ayres, N., & Kantzavelou, I. (2023). IoT: Communication protocols and security threats. Internet of Things and Cyber-Physical Systems, 3, 1-13. doi: 10.1016/j.iotcps.2022.12.003.en
dc.relation.referencesGuluzade, T. (2025). Development prospects of the digital economy in Azerbaijan. Porta Universorum, 1(7), 51-59. doi: 10.69760/portuni.0107006.en
dc.relation.referencesHolmes, K. (2018). Siemens factory in Mexico rolls out MindSphere on AWS IoT project in less than 8 weeks. Retrieved from https://aws.amazon.com/ru/blogs/apn/case-study-siemens-factory-rolls-out-aws-iot-project-in-less-than-8- weeks/.en
dc.relation.referencesHow are drones used in agriculture for higher yields and lower costs. (2025). Retrieved from https://indeema.com/ blog/how-are-drones-used-in-agriculture-for-higher-yields-and-lower-costs---indeema-software.en
dc.relation.referencesHuang, C., Chen, Q., Lin, Z., Su, W., Zhang, Z., & Liu, S. (2024). The economic impact and application challenges of IoT technology in smart home and infrastructure. Journal of Innovation and Development, 6(1), 35-39. doi: 10.54097/ y54jkp60.en
dc.relation.referencesIEEE 2413-2019. (2020). IEEE Standard for an architectural framework for the Internet of Things. (2019). Retrieved from https://standards.ieee.org/ieee/2413/6226/.en
dc.relation.referencesIEEE 802.15.4-2011. (2011). IEEE standard for local and metropolitan area networks – part 15.4: Low-rate wireless personal area networks (LR-WPANs). Retrieved from https://standards.ieee.org/ieee/802.15.4/5050/.en
dc.relation.referencesISA/IEC 62443 series of standards. (n.d.). Retrieved from https://www.isa.org/standards-and-publications/isastandards/isa-iec-62443-series-of-standards.en
dc.relation.referencesISO/IEC 27001:2022. (2022). Information security, cybersecurity and privacy protection – information security management systems – requirements. Retrieved from https://www.iso.org/standard/27001.en
dc.relation.referencesISO/IEC 30141:2024. (2024). Internet of Things (IoT) – reference architecture. Retrieved from https://www.iso.org/ standard/88800.html.en
dc.relation.referencesITU. (2025). The impact of digital transformation on the economy. Retrieved from https://www.itu.int/dms_pub/itu-d/ opb/pref/D-PREF-ECON.MOD-2025-PDF-E.pdf.en
dc.relation.referencesJarašūnienė, A., Čižiūnienė, K., & Čereška, A. (2023). Research on impact of IoT on warehouse management. Sensors, 23(4), article number 2213. doi: 10.3390/s23042213.en
dc.relation.referencesKineber, A.F. (2024). Identifying the Internet of Things (IoT) implementation benefits for sustainable construction projects. HBRC Journal, 20(1), 700-766. doi: 10.1080/16874048.2024.2369462.en
dc.relation.referencesKurduban, V. (2024). IoT in manufacturing: Applications and benefits of smart factories. Retrieved from https://www. digi.com/blog/post/iot-in-manufacturing.en
dc.relation.referencesLi, R., & Zheng, J. (2025). Digital economy and sustainable development in China: From the perspective of highquality development of manufacturing. Sustainability, 17(14), article number 6438. doi: 10.3390/su17146438.en
dc.relation.referencesLiu, Y., Tian, G., & Zhang, X. (2024). Digital economy and China’s path to common prosperity. Digital Economy and Sustainable Development, 2, article number 8. doi: 10.1007/s44265-024-00031-8.en
dc.relation.referencesMadanian, S., Chinbat, T., Subasinghage, M., Airehrour, D., Hassandoust, F., & Yongchareon, S. (2024). Health IoT threats: Survey of risks and vulnerabilities. Future Internet, 16(11), article number 389. doi: 10.3390/fi16110389.en
dc.relation.referencesMassoud, M., Kineber, A., Elshaboury, N., Abunada, Z., Arashpour, M., Alatroush, M., Mostafa, S., & Alhusban, M. (2025). Identifying and assessing the Internet of Things implementation barriers for sustainable building projects: SEM-ANN approach. KSCE Journal of Civil Engineering, 30(1), article number 100310. doi: 10.1016/j. kscej.2025.100310.en
dc.relation.referencesOECD. (2024). Growth of the digital economy outperforms overall growth across the OECD. Retrieved from https:// www.oecd.org/en/about/news/press-releases/2024/05/growth-of-digital-economy-outperforms-overall-growthacross-oecd.html.en
dc.relation.referencesOxmaint. (2025). Predictive maintenance with IoT and AI: Reduce downtime & save costs. Retrieved from https:// oxmaint.com/blog/post/predictive-maintenance-iot-ai.en
dc.relation.referencesPioli, L., de Macedo, D.D.J., Costa, D.G., & Dantas, M.A.R. (2024). Towards an AI-driven data reduction framework for smart city applications. Sensors, 24(2), article number 358. doi: 10.3390/s24020358.en
dc.relation.referencesRamanenkava, A. (2025). How predictive maintenance in IIoT reduces downtime: Real-world impact. Retrieved from https://timspark.com/blog/predictive-maintenance-iiot-reduces-downtime/.en
dc.relation.referencesRathore, S. (2025). IoT application development lifecycle: From idea to deployment. Retrieved from https://www. hashstudioz.com/blog/iot-application-development-lifecycle-from-idea-to-deployment/.en
dc.relation.referencesRejeb, A., Suhaiza, Z., Rejeb, K., Seuring, S., & Treiblmaier, H. (2022). The Internet of Things and the circular economy: A systematic literature review and research agenda. Journal of Cleaner Production, 350, article number 131439. doi: 10.1016/j.jclepro.2022.131439.en
dc.relation.referencesSapra, Y. (2025). Zero-defect manufacturing: The role of big data in achieving 100% quality control. Retrieved from https://www.hashstudioz.com/blog/zero-defect-manufacturing-the-role-of-big-data-in-achieving-100-qualitycontrol/.en
dc.relation.referencesShamrei, Yu. (2024). 2025 trends: Impact of Internet of Things (IoT) on the business & economy. Retrieved from https:// sumatosoft.com/blog/impact-of-internet-of-things-iot-on-the-business-economy-trends.en
dc.relation.referencesSiemens energy builds industrial IoT platform and drives smart manufacturing using AWS IoT. (2024). Retrieved from https://aws.amazon.com/ru/solutions/case-studies/siemens-energy-video-case-study/.en
dc.relation.referencesSinghal, D., Garg, I., Vani, V., & Pundeer, K. (2024). The economic impact of Internet of Things. Futuristic Trends in IOT, 3, 196-206. doi: 10.58532/V3BDIO3P2CH5.en
dc.relation.referencesSloan, H. (2024). How IoT impacts the economy. Retrieved from https://www.iotforall.com/how-iot-impacts-economy.en
dc.relation.referencesSun, X., & Wang, X. (2022). Modeling and analyzing the impact of the Internet of Things-based Industry 4.0 on circular economy practices for sustainable development: Evidence from the food processing industry of China. Frontiers in Psychology, 13, article number 866361. doi: 10.3389/fpsyg.2022.866361.en
dc.relation.referencesTely AI Team. (2025). 10 ways real-time data analytics boost manufacturing operations. Retrieved from https:// examples.tely.ai/10-ways-real-time-data-analytics-boost-manufacturing-operations/.en
dc.relation.referencesTen years of Industry 4.0. (n.d.). Retrieved from https://www.bosch.com/stories/10-years-industry-4-0-at-bosch/.en
dc.relation.referencesTianjin port: Building a world-class smart port. (n.d.). Retrieved from https://www.huaweicloud.com/intl/en-us/ about/takeacloudleap2024/tianjin-port.html.en
dc.relation.referencesTsipianitis, D., Misirli, A., Lavidas, K., & Komis, V. (2025). IoT devices and their impact on learning: A systematic review of technological and educational affordances. IoT, 6(3), article number 45. doi: 10.3390/iot6030045.en
dc.relation.referencesWang, X., Dong, F., Liu, Y., & Li, Y. (2024). How does the internet affect regional sustainable development? Fresh evidence from China. Humanities and Social Sciences Communications, 11, article number 1591. doi: 10.1057/s41599- 024-04111-0.en
dc.relation.referencesWorld Bank Group. (2024). Digital progress and trends report 2023. Washington: World Bank. doi: 10.1596/978-1- 4648-2049-6.en
dc.relation.referencesYogen Sevak, K., & George, B. (2024). The evolution of Internet of Things (IoT) research in business management: A systematic review of the literature. Journal of Internet and Digital Economics, 4(3), 242-265. doi: 10.1108/JIDE-12- 2023-0026.en
dc.relation.referencesZhang, C., Liu, B., & Yang, Y. (2024). Digital economy and urban innovation level: A quasi-natural experiment from the strategy of “Digital China”. Humanities and Social Sciences Communications, 11, article number 574. doi: 10.1057/ s41599-024-03122-1.en
dc.relation.referencesZoting, S., & Shivarkar, A. (2025). Industrial IoT market size, share, and trends 2025 to 2034. Retrieved from https:// www.precedenceresearch.com/industrial-iot-market.en
dc.date.accessioned2026-11-05T14:40:17Z

Файли

Контейнер файлів

Зараз показуємо 1 - 1 з 1
Вантажиться...
Ескіз
Назва:
210419.pdf
Розмір:
895,3 KB
Формат:
Adobe Portable Document Format