Analysis and Estimation of Economic Influence of IoT and Telecommunication in Regional Media Based on Evolution and Electronic Markets in Romania

Abstract

The interconnection of devices, intended to collect and transmit data via the Internet, is called the Internet of Things (IoT). This technology has the potential to revolutionize both the economic and industrial sectors, especially in terms of data confidentiality and information security. New media, with a merger between those two, have increasingly replaced traditional media, but many researchers characterize them as two distinct but interconnected types of media. From the traditional media, with its technological evolution, the IoT has supported the development of the media through the emergence of applications, websites, and social networks designed to spread information worldwide. This research focuses on how the IoT has the ability to influence economic growth by trying to determine the impact of the IoT through theories and the evolution of economic growth. Thus, the concept of the IoT is interdependent on information and communications technology and, from an economic point of view, is correlated with productivity. In addition, the processes that have an impact on the media are those of an economic nature, all of which are interconnected with progress, innovation, and the promotion of goods and services. At the same time, this paper aims to determine the correlation between IoT and the economy, with a focus on the media, which has the main result of the development of new businesses. Thus, a bibliometric analysis of the scientific papers on the Web of Science platform regarding the IoT field was performed, in order to identify the current state of knowledge in this field. The results of this analysis highlighted that both the IoT and the economy are shaped by innovation, opportunities, and development.