Download PDFOpen PDF in browserStrategic Insights: Machine Learning and IoT Strategies for Effective Data-Driven Decision MakingEasyChair Preprint 119157 pages•Date: January 29, 2024AbstractThis paper explores the synergies between Machine Learning (ML) and the Internet of Things (IoT) to enhance data-driven decision-making processes. Leveraging ML algorithms for data analysis and deriving actionable insights from IoT-generated data, organizations can strategically position themselves for competitive advantages. The study adopts a comprehensive approach, encompassing the integration of ML models with IoT devices, methodological considerations, empirical results, and a discussion of challenges and potential solutions. Keyphrases: Internet of Things, IoT Strategies, ML algorithms, Strategic Insights, competitive advantage, data analysis, data-driven decision making, machine learning
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