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Internet of Things and Digital Economy

A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Sustainable Management".

Deadline for manuscript submissions: closed (30 June 2022) | Viewed by 6008

Special Issue Editors


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Guest Editor
Department of System Analysis, University of Economics, 130 67 Prague, Czech Republic
Interests: audit; Internet of Things; project management
Special Issues, Collections and Topics in MDPI journals

E-Mail Website
Guest Editor
Department Information Technology, University of Economics, 130 67 Prague, Czech Republic
Interests: performance management; financial management; project management; Internet of Things; data analytics

Special Issue Information

Dear Colleagues,

The digital economy, also known as internet economy, the new economy, or web economy, was first named in the book The Digital Economy: Promise and Peril in the Age of Networked Intelligence by Don Tapscott in 1995.

The digital economy is the engine of change in the classical (nondigital) economy, especially in the last ten years. The ingrowth of information and communication technologies into the economy presents challenges not only in the technology field but also in the field of business models, and thus has overlap into the legal field as well. In the technology field, the Internet of Things (IoT) and its subsets in the form of Industrial Internet of Things (IIoT) and Industry 4.0 are currently a significant trend. The mentioned subsets of IoT are affiliated with the dimensions of production, quality, and application of primary sensors for sensing phenomena. However, the number of sensors represents a potential source of a large amount of data that needs to be transmitted, stored, and, finally, evaluated, and their security or anonymization ensured.

Another phenomenon of the increase in digitization, both from a technical and legal point of view, is autonomous devices. What is the legal liability of such autonomous facilities?

New business models appear mainly in the form of the so-called sharing economy, where both the resources of the economy and products or services are shared by end-user. Users pay for these services or products through user fees. What about the utilization and availability of these services, especially at peak times, when demand for shared devices is extreme? How does an efficient and effective business model look? What are the economic aspects of shared devices? Is equipment sharing effective not only economically but also ecologically?

What are the risks of these emerging trends in terms of privacy and data security in general?

The following topics are welcome to our issue:

  • Deployment of technical equipment (sensors) in new applications IoT and IIoT (production for Industry 4.0, transport, distribution and measurement of utilities, etc.);
  • Data transfer, storage, processing, and evaluation (data transfer protocols, Big data, data analysis, etc.);
  • Creation of forecast models based on collected data—predictive maintenance;
  • Proposals for new business models and their concepts that are applicable to a sharing economy;
  • Modification of business models and approaches to the economy under the influence of the COVID-19 pandemic;
  • Security issues of the deployment of IoT information technology in business concepts;
  • Legal issues related to personal data protection, etc.

Prof. Dr. Petr Doucek
Dr. Miloš Maryška
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Sustainability is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • Internet of Things (IoT)
  • Industry 4.0
  • Industrial Internet of Things (IIoT)
  • digital economy
  • digitalization
  • predictive maintenance
  • machine learning (ML)
  • security
  • data processing
  • data analytics
  • autonomous devices

Published Papers (2 papers)

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Research

25 pages, 1701 KiB  
Article
Protecting the Unprotected Consumer Data in Internet of Things: Current Scenario of Data Governance in Malaysia
by Barr-Kumarakulasinghe Cheryl and Boon-Kwee Ng
Sustainability 2022, 14(16), 9893; https://0-doi-org.brum.beds.ac.uk/10.3390/su14169893 - 10 Aug 2022
Cited by 2 | Viewed by 2667
Abstract
With the increasing number of smart devices and connections in Internet of Things (IoT) comes risks—specifically involving consumer data protection. In this respect, this exploratory research examines the current issues of IoT and personal data protection in Malaysia that includes: regulatory frameworks and [...] Read more.
With the increasing number of smart devices and connections in Internet of Things (IoT) comes risks—specifically involving consumer data protection. In this respect, this exploratory research examines the current issues of IoT and personal data protection in Malaysia that includes: regulatory frameworks and data governance; issues and gaps; and key challenges in implementation. Results from this mixed-methods research indicates that a majority of consumers expressed concern about personal data risks due to increased usage of IoT devices. Moreover, there is a crucial need to increase regulation and accountability in the industry. In this regard, collaboration and partnerships between the main stakeholders are essential in tackling emerging issues of IoT and personal data protection. In order to strengthen IoT data governance, the fundamentals should be: strengthening consumer education and smart partnership between government-industry-civil society; providing motivation for active participation of NGOs and civil society; and obtaining industry buy-in. This paper also proposes a structure for the governance of evolving data-related technology, particularly in the case of data breaches or cyber incidents. It adds to the wider discussion of the current scenario, and proposes a model of collective responsibility in IoT data governance that is underpinned by the three principles of fair information practices, privacy impact assessment and privacy accountability. Full article
(This article belongs to the Special Issue Internet of Things and Digital Economy)
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25 pages, 1979 KiB  
Article
An Approach to Assessing Shopper Acceptance of Beacon Triggered Promotions in Smart Retail
by Nataša Đurđević, Aleksandra Labus, Dušan Barać, Miloš Radenković and Marijana Despotović-Zrakić
Sustainability 2022, 14(6), 3256; https://0-doi-org.brum.beds.ac.uk/10.3390/su14063256 - 10 Mar 2022
Cited by 8 | Viewed by 2265
Abstract
This paper studies shopper acceptance for using beacons in the purchase process. The main goal is to examine shopper response to beacon-triggered promotions and propose a model that would help retail practitioners plan the implementation of beacons in stores. The model was evaluated [...] Read more.
This paper studies shopper acceptance for using beacons in the purchase process. The main goal is to examine shopper response to beacon-triggered promotions and propose a model that would help retail practitioners plan the implementation of beacons in stores. The model was evaluated via an in-market test to examine the effects of beacon-triggered promotion on shopper attention, technology acceptance, and the decision to purchase. The test was conducted in Belgrade, Serbia in 10 representative stores where beacons were implemented with 10 twin control stores. The SimplyTastly mobile application was used for sending notifications. Furthermore, two more in-market beacon activations were analysed in Croatia and Bulgaria. The results showed that shoppers accepted beacon technology and that beacon-triggered promotion had a positive impact on shopper attention, purchase behaviour, and the decision to purchase. The results show that the proposed model could serve as a sound basis for the implementation of beacon technology in retail. Full article
(This article belongs to the Special Issue Internet of Things and Digital Economy)
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