Internet of Things and Business Models

Pelle Högnelid; Thomas Kalling

doi:10.1109/SIIT.2015.7535598

Internet of Things and Business Models

Research output: Chapter in Book/Report/Conference proceeding › Paper in conference proceeding › peer-review

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 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.

Original language	English
Title of host publication	Proceedings of the 9th International Conference on Standardization and Innovation in Information Technology, IEEE SIIT 2015
Publisher	IEEE - Institute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)	9781467395335
DOIs	https://doi.org/10.1109/SIIT.2015.7535598
Publication status	Published - 2015 Oct
Event	9th International Conference on Standardization and Innovation in Information Technology, IEEE SIIT 2015 - Sunnyvale, United States Duration: 2015 Oct 6 → 2015 Oct 8

Conference

Conference	9th International Conference on Standardization and Innovation in Information Technology, IEEE SIIT 2015
Country/Territory	United States
City	Sunnyvale
Period	2015/10/06 → 2015/10/08

Subject classification (UKÄ)

Business Administration

Free keywords

business models
empirical illustrations
Internet of Things
interoperability
standardization

Access to Document

10.1109/SIIT.2015.7535598

Cite this

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title = "Internet of Things and Business Models",

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 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.",

keywords = "business models, empirical illustrations, Internet of Things, interoperability, standardization",

author = "Pelle H{\"o}gnelid and Thomas Kalling",

year = "2015",

month = oct,

doi = "10.1109/SIIT.2015.7535598",

language = "English",

booktitle = "Proceedings of the 9th International Conference on Standardization and Innovation in Information Technology, IEEE SIIT 2015",

publisher = "IEEE - Institute of Electrical and Electronics Engineers Inc.",

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note = "9th International Conference on Standardization and Innovation in Information Technology, IEEE SIIT 2015 ; Conference date: 06-10-2015 Through 08-10-2015",

}

Högnelid, P & Kalling, T 2015, Internet of Things and Business Models. in Proceedings of the 9th International Conference on Standardization and Innovation in Information Technology, IEEE SIIT 2015., 7535598, IEEE - Institute of Electrical and Electronics Engineers Inc., 9th International Conference on Standardization and Innovation in Information Technology, IEEE SIIT 2015, Sunnyvale, United States, 2015/10/06. https://doi.org/10.1109/SIIT.2015.7535598

Internet of Things and Business Models. / Högnelid, Pelle; Kalling, Thomas.
Proceedings of the 9th International Conference on Standardization and Innovation in Information Technology, IEEE SIIT 2015. IEEE - Institute of Electrical and Electronics Engineers Inc., 2015. 7535598.

Research output: Chapter in Book/Report/Conference proceeding › Paper in conference proceeding › peer-review

TY - GEN

T1 - Internet of Things and Business Models

AU - Högnelid, Pelle

AU - Kalling, Thomas

PY - 2015/10

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N2 - 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.

AB - 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.

KW - business models

KW - empirical illustrations

KW - Internet of Things

KW - interoperability

KW - standardization

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M3 - Paper in conference proceeding

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BT - Proceedings of the 9th International Conference on Standardization and Innovation in Information Technology, IEEE SIIT 2015

PB - IEEE - Institute of Electrical and Electronics Engineers Inc.

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Y2 - 6 October 2015 through 8 October 2015

ER -

Internet of Things and Business Models

Abstract

Conference

Subject classification (UKÄ)

Free keywords

Access to Document

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Cite this