Abstract
The integration of Artificial Intelligence (AI) and the Internet of Things (IoT) has revolutionized various sectors, significantly influencing performance management systems. This paper explores the synergistic impact of AI and IoT on enhancing performance management processes in organizations. By leveraging real-time data generated from IoT devices and the predictive capabilities of AI, organizations can gain deeper insights into operational efficiencies, employee performance, and overall productivity. AI enables automation of data analysis, while IoT provides continuous streams of information that facilitate informed decision-making. This study examines how these technologies collectively contribute to more agile, data-driven performance management frameworks, improving strategic planning and day-to-day operations. Key challenges, including data privacy concerns, integration complexities, and the need for skilled personnel, are also discussed. Finally, the paper offers recommendations for businesses seeking to implement AI and IoT solutions for optimized performance management.
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