Transforming Business Strategies: Management Information Systems, IoT, and Blockchain Technology to Advance the United Nations' Sustainable Development Goals
DOI:
https://doi.org/10.47672/ajce.2611Abstract
Purpose: Management Information Systems (MIS) function as the foundation for the integration of IoT and blockchain technology, facilitating data-driven decision-making and optimal resource allocation. This collaboration enables enterprises to innovate while tackling significant global issues. The United Nations' Sustainable Development Goals (SDGs) serve as a global framework aimed at addressing some of the most pressing issues facing humanity, such as poverty, inequality, and environmental degradation.
Material and Methods: In response, businesses worldwide are increasingly aligning their strategies to these goals, recognizing that sustainable practices can offer both social and financial value. Among the transformative technologies driving these efforts are the Internet of Things (IoT) and Blockchain. IoT, with its ability to gather real-time data from connected devices, and Blockchain, with its focus on creating secure, transparent, and tamper-proof records, present unique opportunities for businesses to contribute meaningfully to the SDGs.
Findings: This study explores how these technologies can be harnessed by businesses to advance the SDGs, examine their individual contributions, synergies, and case studies of successful implementation.
Implications to Theory, Practice and Policy: By delivering real-time information and promoting cooperation, MIS improves the execution of sustainable initiatives in accordance with the United Nations' Sustainable Development Goals.
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