Internet of Things and Business Models
(2015) 9th International Conference on Standardization and Innovation in Information Technology, IEEE SIIT 2015- Abstract
Understanding implications on firm performance from the emergence of Internet of Things (IoT) is critical in order for firms to make rational decisions regarding business model configurations and investments in IoT. The transition between the current state and widespread adoption and diffusion of IoT is expected to be complex, and standardization is one of multiple barriers discussed in research regarding Internet of Things. In order to ensure interoperability between billions of heterogeneous devices, standardization may be a significant factor with potential impact on IoT investments. To expand our understanding of strategic implications of IoT investments, this paper analyzes the impact of IoT on business models and sources of value... (More)
Understanding implications on firm performance from the emergence of Internet of Things (IoT) is critical in order for firms to make rational decisions regarding business model configurations and investments in IoT. The transition between the current state and widespread adoption and diffusion of IoT is expected to be complex, and standardization is one of multiple barriers discussed in research regarding Internet of Things. In order to ensure interoperability between billions of heterogeneous devices, standardization may be a significant factor with potential impact on IoT investments. To expand our understanding of strategic implications of IoT investments, this paper analyzes the impact of IoT on business models and sources of value creation by applying a proposed framework to empirical illustrations. Further research is needed to support development of frameworks and to advance our understanding of how firms should act in order to meet challenges generated by the emergence of IoT.
(Less)
- author
- Högnelid, Pelle LU and Kalling, Thomas LU
- organization
- publishing date
- 2015-10
- type
- Chapter in Book/Report/Conference proceeding
- publication status
- published
- subject
- keywords
- business models, empirical illustrations, Internet of Things, interoperability, standardization
- host publication
- Proceedings of the 9th International Conference on Standardization and Innovation in Information Technology, IEEE SIIT 2015
- article number
- 7535598
- publisher
- IEEE - Institute of Electrical and Electronics Engineers Inc.
- conference name
- 9th International Conference on Standardization and Innovation in Information Technology, IEEE SIIT 2015
- conference location
- Sunnyvale, United States
- conference dates
- 2015-10-06 - 2015-10-08
- external identifiers
-
- scopus:84985904831
- ISBN
- 9781467395335
- DOI
- 10.1109/SIIT.2015.7535598
- language
- English
- LU publication?
- yes
- id
- fe6ab1a4-1562-42d9-883f-6b1899682bcb
- date added to LUP
- 2016-12-07 13:56:41
- date last changed
- 2022-12-21 12:33:39
@inproceedings{fe6ab1a4-1562-42d9-883f-6b1899682bcb, abstract = {{<p>Understanding implications on firm performance from the emergence of Internet of Things (IoT) is critical in order for firms to make rational decisions regarding business model configurations and investments in IoT. The transition between the current state and widespread adoption and diffusion of IoT is expected to be complex, and standardization is one of multiple barriers discussed in research regarding Internet of Things. In order to ensure interoperability between billions of heterogeneous devices, standardization may be a significant factor with potential impact on IoT investments. To expand our understanding of strategic implications of IoT investments, this paper analyzes the impact of IoT on business models and sources of value creation by applying a proposed framework to empirical illustrations. Further research is needed to support development of frameworks and to advance our understanding of how firms should act in order to meet challenges generated by the emergence of IoT.</p>}}, author = {{Högnelid, Pelle and Kalling, Thomas}}, booktitle = {{Proceedings of the 9th International Conference on Standardization and Innovation in Information Technology, IEEE SIIT 2015}}, isbn = {{9781467395335}}, keywords = {{business models; empirical illustrations; Internet of Things; interoperability; standardization}}, language = {{eng}}, publisher = {{IEEE - Institute of Electrical and Electronics Engineers Inc.}}, title = {{Internet of Things and Business Models}}, url = {{http://dx.doi.org/10.1109/SIIT.2015.7535598}}, doi = {{10.1109/SIIT.2015.7535598}}, year = {{2015}}, }