Analysis Of Competitiveness Of Internet Of Things Industry Based On GRA And TOPSIS Methods

The Industry of Internet of Things(IOT) is known as a industry which owns one trillion market size. Development of internet of things industry can promote China’s economic strength and people’s living standards. So how to nurture the competitiveness of IOT industry and to make a good plan for the nurturing is worthy of thinking about. This paper is a study based on these issues, the main contents and conclusions are as follows:1. Firstly, this paper analyses the basic theory of industrial competitiveness, including the determinants of industrial competitiveness, evaluation criteria and selection of indicators of industrial competitiveness and empirical research of some industry. Then it analyzes the research of IOT industry, and current academic research of IOT industry competitiveness.2. After analyzing the definition of Internet of Things, this paper introduces the structure and key technologies of IOT. After defining the definition of IOT industry, it sums up the characteristics of IOT industry and development status of China IOT industry.3. This paper presents the "Diamond Model" and the development status of Fujian IOT industry. By using an evaluation method which combines Grey Relational Analysis (GRA) with TOPSIS, it compares the IOT industrial competitiveness of Fujian province with other twelve provinces (municipalities).4. Based on the empirical results, it shows the disadvantages of Fujian IOT industry and thus makes corresponding policy recommendations.