Prospects of Internet of Things for Bangladesh

This paper represents a conceptual framework model for the Prospects of Internet of Things (IoT) for Bangladesh. IoT is an enhancement of the internet that can be described as things or objects being connected anytime and anywhere with anything, so as to give seamless communications and external services. Bangladesh has recently formulated `National IoT Strategy' in March 2020, mentioning that IoT is an enabler to the development and contributor to economic growth of a country. The prospects of IoT depends on its applications for improving agriculture, manufacturing, healthcare, transportation, education delivery, business process optimization, smart governance with public utility services, smart cities etc. Similarly, IoT is likely to have huge opportunities and positive impacts for the socio-economic development of Bangladesh. The conceptual model of the study shows that in order to implement the `National IoT Strategy' Bangladesh, she needs to develop a set of policy `Guidelines for the adoption of IoT. This research will primarily explore the prospects of IoT in the socio-economic development sectors. The likely outcome of this study is the introduction of IoT enabled socioeconomic development of Bangladesh.