Reliability analysis aims to assess the dependability and performance of a system over time, considering factors such as device failures, communication issues, and data integrity. By integrating taxonomy and reliability analysis, researchers can systematically analyze and enhance the reliability of IoT systems by addressing specific components and categories identified in the taxonomy. IoT based on its reliable applications is classified among various categories such as smart home devices, smart watches, electric vehicles with IoT capabilities, industrial, healthcare, agriculture, soil monitoring sensors, smart city infrastructure, environmental monitoring devices, and smart energy management devices. The need for a consistent taxonomy was one of the problems recognized and examined in this paper even though IoT management technology is developing. To examine the reliability analysis of IoT systems, we created a brand-new taxonomy for IoT gadgets that places a strong focus on administration. We have released a completely new IoT reliability RBD model analysis at different gateways and Round-Trip Time is to be analyzed. It features an aircraft for dependability. Our goal is to help administrators of networks, as well as designers, put processes in place that will analyze and enhance the reliability of IoT systems. To implement techniques to increase the IoT system's reliability, we may utilize the management capabilities to keep an eye on the devices. ChatGPT can act as the conversational interface for ISABELA. By integrating ChatGPT with ISABELA's functionality, users can have natural language conversations with ISABELA, making the interaction more intuitive and user-friendly. A use case study of ISABELA has enhanced the position of the CHATGPT system in the IoT system which increase the efficiency and reliability of IoT designs and networks.