Knowledge/Application Area
Internet of things falls within enterprise integration of Body of Knowledge (BoK) Matrix since it involves the technologies, processes as well as structures that link data, applications multiple gadgets.
IoT is one of the significant developments in the realm of information technology, as well as transportation and logistics industry.
The system involves multiple interconnected devices that correspond to each other over the internet.
The system is made up of devices in spatially different locations in an information technology setup.
The gadgets that make up the system efficiently gather information which is then analyzed and provided as precise helpful information which helps in informed decision-making.
The system enables firms and customers within the industry to locate their products at any time and monitor the condition of the goods on transit.
Methodology & Planning Level
Based on this capability and looking at the BOK Matrix, IoT squarely lies within the optimization modeling and solution techniques. IoT enables real-time geographical positioning (GPS) tracking of goods and provides automatic notification to companies and their customers to monitor the condition of their goods, including aspects such as humidity, temperature, and vibrations.
IoT use in transportation and logistics industry emulates the methodology of simulation and modeling and analysis since IoT helps businesses to optimize their operations. The system can create a digital prototype that allows one to predict the performance in the real world.
IoT matches the methodology of risk management for companies operating within the transportation and logistics sector. The technology can predict a possible mechanical failure of an automobile and alert the driver and further suggest the possible options that can be taken to avert the impending danger.
IoT falls within two planning levels, that is operation and tactical. In terms of operational planning, IoT can help to oversee the activities of a transportation and logistics company, including management of its fleet and issue reports to the firm’s managers. With regards to tactical planning, IoT supports strategic plans by making them more explicit in a way that they are relevant to a given area of a company.