Internet Applications
The internet has revolutionized new consumer economic models, allowing people to search for information and accomplish tasks online. No longer do we need to visit factories or exhibitions to see products; we can conduct transactions through the internet. With our portable smart devices, we can inquire about prices, negotiate specifications, confirm delivery dates, and make payments. The internet economy has transformed traditional face-to-face business transactions.
Internet of Things (IoT) enables the connection of people and objects online. Individuals can access relevant information about these objects at any time. Through cloud computing and big data analysis, we can provide essential reference information for various aspects of daily life, work, safety, transportation, disaster prevention, healthcare, and consumption. This enhances convenience and benefits across applications.
In 2011, Germany introduced the high-tech strategic plan called Industry 4.0, which sparked the fourth global industrial revolution. Under comprehensive network and automation technologies, traditional manufacturing operations face significant changes. All factory processes can be networked, digitized, and made intelligent. This development leads to entirely new manufacturing management models. By combining big data and cloud computing for statistics and analysis, business owners and managers can access real-time data and intelligently predict and meet customer needs.
Business Models
The Internet of Things is the foundation of smart factories. When all factory facilities and equipment are connected to the internet, providing necessary information in real time, management and operational staff can use networked and automated devices to perform daily tasks. This scenario transforms traditional manufacturing industries into intelligent industries.
The original B2B2C face-to-face marketing model is evolving due to the trend of internet economics. Whether it is business-to-business (B2B) or business-to-consumer (B2C), both will transition to entirely internet-based transaction models. Enterprises must adopt new internet transaction mechanisms to avoid being left behind in this global business transformation and competition.