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Internet of Things and Business Models

Högnelid, Pelle LU and Kalling, Thomas LU (2016) 9th International Conference on Standardization and Innovation in Information Technology, IEEE SIIT 2015 In Proceedings of the 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.

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Please use this url to cite or link to this publication:
author
organization
publishing date
type
Chapter in Book/Report/Conference proceeding
publication status
published
subject
keywords
business models, empirical illustrations, Internet of Things, interoperability, standardization
in
Proceedings of the 9th International Conference on Standardization and Innovation in Information Technology, IEEE SIIT 2015
publisher
Institute of Electrical and Electronics Engineers Inc.
conference name
9th International Conference on Standardization and Innovation in Information Technology, IEEE SIIT 2015
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
2017-11-05 05:10:43
@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},
  keyword      = {business models,empirical illustrations,Internet of Things,interoperability,standardization},
  language     = {eng},
  month        = {08},
  publisher    = {Institute of Electrical and Electronics Engineers Inc.},
  title        = {Internet of Things and Business Models},
  url          = {http://dx.doi.org/10.1109/SIIT.2015.7535598},
  year         = {2016},
}