Title: Impact of emerging technologies on firm sustainable development: a comparison between internet of things and factory of things technologies

Authors: Hongjuan Wang

Addresses: School of Accounting, Henan Institute of Economics and Trade, Zhengzhou, Henan 450000, China

Abstract: Internet of things (IoTs) and factory of things (FoTs) both are evolving AI-based models that revolutionise efficiency, productivity, and decision-making in various industrial sectors, worldwide. This study aims to explore the nexus of both models in terms of the sustainable development (SD) of corporates. First, the objective is to examine the linkage between IoT and sustainable development (SD) from the domain of industrial sector of China. Second, the core aim is to investigate the relationship between FoT and SD, respectively. In addition, the aim is to examine the directions of both models to subdimensions of SD, i.e., economic, social, and environmental development. The results confirmed a positive connection between IoTs and SD. Likewise, the outcomes assured a significant correlation between FoT and SD. Multidimensional testing confirmed the positive relationships of IoTs and FoTs toward each dimension of SD. This study endows with certain insights into IoTs and FoT that could be pivotal for SD of the organisations.

Keywords: internet of things; IoT; factory of things; FoTs; artificial intelligence; sustainable development; SD; structural equation modelling.

DOI: 10.1504/IJASS.2025.144922

International Journal of Applied Systemic Studies, 2025 Vol.12 No.1, pp.37 - 49

Received: 24 Dec 2023
Accepted: 17 May 2024
Published online: 10 Mar 2025 *