Competitiveness based on the Internet of Things

This Bachelor's thesis focuses on a new phenomenon, which is Internet of Things and its competitiveness in various fields, for instance health care, smart cities, smart homes etc. The aim of the thesis was to analyze the possibilities and use of IoT, its commercial use and the assessment of strong and weak points of this technology. The first part of the thesis focuses on Industry 4.0 and competitiveness, as well as Internet of Things, its history and relevant risks. The second part deals with the application of IoT in various areas, for instance industrial or consumer's IoT. The technology also focuses on European countries when it comes to commercial use. There will be an assessment of strong and weak points of this technology. The last part uses AHP method to analyze competitive advantage in four sectors, along with other methods, such as return on investments, net present value etc