Role of IOT Business Model In Indian Public Sector Manufacturing Companies

Industrial revolution took place before 200 years ago, to increase the productivity, which leads to accelerate the economy, where mechanical power replaces human and animal muscle power. In present time, IOT worked with sensors guarantee to give an efficient and robotized method for living. In this paper we explain about recognizable proof of 26 significant variables. Cronbach's Alpha, KMO, Bartlett Test and reduction of 26 variables into nine factors through factor analysis is applied and the Business Model Canvas tool in the advancement of the IoT business model would be clarified. The IoT business model created right now help the Indian Public Sector manufacturing companies to execute it at their Manufacture business for expanded worker profitability, operational productivity and income. The researcher had the option to distinguish 26 variables which were assembled into nine factors through the factor analysis.