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This article discusses the role of Internet of Things (IoT) and data envelopment methods to improve and develop asset evaluation. Based on the concept of asset evaluation, this paper designs an asset evaluation framework using the IoT. This framework can provide an all-weather and no-delay preparation basis for the asset appraisal work. Moreover, this paper uses data envelopment and particle swarm optimization (PSO) algorithm to clean and reclassify asset data. The objective of this algorithm is to solve the nonlinear function optimization problems associated with asset value evaluation. Finally, we verify the effectiveness and practicability of the model by comparing experimental simulation and manual evaluation.<\/jats:p>","DOI":"10.1155\/2021\/9934090","type":"journal-article","created":{"date-parts":[[2021,5,4]],"date-time":"2021-05-04T21:50:44Z","timestamp":1620165044000},"page":"1-8","source":"Crossref","is-referenced-by-count":3,"title":["Application of Data Envelopment and Internet of Things Technology for Asset Value Evaluation"],"prefix":"10.1155","volume":"2021","author":[{"given":"Lunsheng","family":"Wang","sequence":"first","affiliation":[{"name":"Information Center, Shandong Institute of Commerce and Technology, Jinan 250103, Shandong, China"}]},{"given":"Mingwu","family":"Gao","sequence":"additional","affiliation":[{"name":"Publicity Department, Information Center, Shandong University of Arts, Jinan 250014, Shandong, China"}]},{"ORCID":"https:\/\/orcid.org\/0000-0001-9960-0839","authenticated-orcid":true,"given":"Zhenlu","family":"Liang","sequence":"additional","affiliation":[{"name":"Network Information Center, Qilu University of Technology, Jinan 250353, Shandong, China"}]}],"member":"311","reference":[{"key":"1","first-page":"321","article-title":"How earthquake-induced direct economic losses change with earthquake magnitude, asset value, residential building structural type and physical environment: an elasticity perspective","volume":"231","author":"B. 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