This research examines the relationship between facilitating condition, digital literacy, pandemic adoption, social influence, application use intention, and IoT-based business. Also, the research used systematic random sampling in this study to achieve the most rigorous analysis of the possible research objectives even though 277 legitimate replies were received in response to the survey questions asked at the online-based companies in Bangladesh. The scope of this study is the urban SME industry in Bangladesh. Besides that, the data was being analyzed with the help of partial least squares structural equation modeling (PLS-SEM). These research findings showed that facilitating condition (FC), digital literacy (DL), pandemic adoption (PA), social influence (SI), application use intention (AUI), and IoT-based business (dependent variable) effect in SME business industries in Bangladesh.
TopIot And Its Use In Business
The Internet of Things (IoT) is a network of internet-connected gadgets that can collect and transfer data over a network (Aslam, Aimin, Li, & Ur Rehman, 2020). According to industry experts, introducing sensors, communication devices, and identity chips, which are constantly interacting with cloud and analytics engines, has resulted in a new era of automation in enterprises (Bisht, Jain, & Tewari, 2021). Data from the Internet of Things devices is recorded and sent to monitor critical operations, provide us with fresh insights, increase efficiency, and enable businesses to make more informed decisions (2021 #2703). IoT software businesses develop IoT systems and integrate software and hardware into business operations (Hossain, Rahman, & Roy, 2019). It also assists its clients in identifying and implementing cost-effective solutions to their business challenges (Javaid & Khan, 2021). Internet of Things (IoT) firms also offer full-stack IoT services, enabling them to develop technologies for various industries (Khan & Tariq, 2021). The Internet of Things (IoT) aims to connect all possible things to interact with one another over the internet to give humans a secure and comfortable living (Khan, Ahmad, & Jamshed, 2021). The Internet of Things (IoT) connects everything in our environment, making it as possible (Li et al., 2021). Therefore, it reduces human effort since the Internet of Things gadgets interact and communicate with one another and performs a wide range of tasks for us (Lin, Shen, Zhang, & Chai, 2018; Mason, Conrey, & Smith, 2007). It reduces human effort and saves time, decreasing the amount of human work required. It undoubtedly saves our time for business management (Paiola, Schiavone, Grandinetti, & Chen, 2021; Podder et al., 2021). The most significant aspect that can be saved using the Internet of Things platform is time for business facilitation (Pranto, Noman, Mahmud, & Haque, 2021; Reyna et al., 2018). Therefore, IoT implementation contributed to increased levels of employee engagement, which resulted in increased productivity and ease of managing the business in daily life.