Smart Systems and Iot in Engineering in Business Optimization

Abstract

This book chapter explores how intelligent systems and the Internet of Things (IoT) technologies contribute to business optimization in engineering. It highlights the transformative impact of Industry 4.0 through concepts such as smart factories, digital twins, and cyber-physical systems. While addressing the operational benefits of AI, real-time data analytics, and automation, it also discusses major challenges like cybersecurity risks and lack of standardization. The chapter offers strategic recommendations for effective technology adoption, emphasizing sustainability, organizational adaptation, and future-oriented innovation.