New business models for public innovation intermediaries supporting emerging innovation systems: The case of the Internet of Things

2021 ◽  
pp. 121357
Author(s):  
Federica Rossi ◽  
Annalisa Caloffi ◽  
Ana Colovic ◽  
Margherita Russo
Keyword(s):  
Internet Of Things ◽  
Business Models ◽  
Innovation Systems ◽  
The Internet ◽  
Innovation Intermediaries ◽  
New Business ◽  
The Internet Of Things ◽  
New Business Models

scholarly journals Business Models and Internet of Things

2019 ◽  
Vol 13 (1) ◽  
pp. 1192-1203
Author(s):  
Dragos Tohanean ◽  
Anca Vasilescu
Keyword(s):  
Internet Of Things ◽  
Value Chain ◽  
Business Models ◽  
New Technologies ◽  
Value Added ◽  
The Internet ◽  
Real Time Processing ◽  
New Business ◽  
The Internet Of Things ◽  
New Business Models

Abstract Information technology has massively transformed the world of business over the past fifty years - first individual functional areas within companies (“first wave”), later increasingly also cross-divisional value-added processes and trade (“second wave”). Those companies that recognized the tremendous economic potential of these upheavals and consistently adapted, profited enormously - many others, however, fell dramatically. At the same time, innovative startups emerged that successfully created and occupied new markets. With the Internet of Things (IoT), the third digital wave is currently rolling up. Their impact will be enormous - both for our everyday lives and for many industries that have so far been largely spared the disruptive power of digital transformation. Accordingly, the challenges facing most companies today are: understanding more complex competition, acquiring new digital technologies, making existing offerings smart, developing new services, networking production, efficiently analyzing vast amounts of data, and building viable organizations to push all this forward. The IoT is a driver for digitization. By analyzing machine data, the use of sensors and the intelligent real-time processing of huge amounts of data in the cloud, new business models are created. With the information gained, companies are able to improve their value chain. However, one of the most difficult issues in this context for many companies is how they can further develop their existing business model or establish successful new business models that will be based on new technologies and IoT. To investigate resulting impacts, we draw on the existing business models and deduct specifics for the Internet of Things. Building on this, in order to reach the aims of the paper the authors will use a descriptive research method and a case study in order to present how new business models work with the IoT.

The Future of Modern Jobs

2020 ◽  
pp. 124-149
Keyword(s):  
Artificial Intelligence ◽  
Internet Of Things ◽  
Industry 4.0 ◽  
Business Models ◽  
The Internet ◽  
Learning Journey ◽  
New Business ◽  
To Come ◽  
The Internet Of Things ◽  
New Business Models

Throughout this book, the authors have discussed the implications of the rise of artificial intelligence, Industry 4.0, the internet of things, and new business models that do not have any known precedents. While discussing the skills needed to survive in the modern economy, they have yet to address the issue of what will become of our jobs. Will our children dream of the same jobs we dreamed once before? Will they require the same studies we had to follow to reach our actual positions? Will our jobs still exist by the time we reach the pension, or will we need to reinvent everything that we know of? The authors do not have an answer to these questions; what they can do is only make educated guesses about what is about to come and be ready for it. In this last chapter, the authors see what experts think our future will look like and give their educated opinion in what to invest in our lifelong learning journey to be on top of this unprecedented disruption of the economy.

scholarly journals RFID Presenter: A New Way to Feel a Talk

2014 ◽  
Vol 2014 ◽  
pp. 1-8
Author(s):  
Jonathan Ruiz-de-Garibay ◽  
Jon Legarda ◽  
Szilárd A. Kados ◽  
Xabier Eguiluz
Keyword(s):  
Internet Of Things ◽  
Business Models ◽  
User Interaction ◽  
The Internet ◽  
Rfid Technology ◽  
End User ◽  
Consumer Electronic ◽  
New Business ◽  
The Internet Of Things ◽  
New Business Models

RFID is a key which enables technology for the Internet of Things paradigm, allowing the virtualization of the physical objects into the Internet. There are uncountable applications whereby these connected objects can be a breakthrough for new business models, and this work shows a good example of that. We present the RFID Presenter as the evolution of a classical consumer electronic product to a novel connected Internet product with the addition of the RFID technology. It supposes a new way to manage the conference talks in a personalization way, improving the end-user interaction and providing services that were impossible before. The design, implementation, and validation of a real gadget are well explained in order to give a real example of how the Internet of Things can be integrated into daily objects and enhance the end-user experiences.

The future of the Internet of Things: toward heterarchical ecosystems and service business models

2018 ◽  
Vol 33 (6) ◽  
pp. 749-767 ◽  
Author(s):  
Seppo Leminen ◽  
Mervi Rajahonka ◽  
Mika Westerlund ◽  
Robert Wendelin
Keyword(s):  
Internet Of Things ◽  
Business Model ◽  
Value Chain ◽  
Large Scale ◽  
Business Models ◽  
The Internet ◽  
Content Type ◽  
Industry Collaboration ◽  
New Business ◽  
The Internet Of Things

Purpose This study aims to understand their emergence and types of business models in the Internet of Things (IoT) ecosystems. Design/methodology/approach The paper builds upon a systematic literature review of IoT ecosystems and business models to construct a conceptual framework on IoT business models, and uses qualitative research methods to analyze seven industry cases. Findings The study identifies four types of IoT business models: value chain efficiency, industry collaboration, horizontal market and platform. Moreover, it discusses three evolutionary paths of new business model emergence: opening up the ecosystem for industry collaboration, replicating the solution in multiple services and return to closed ecosystem as technology matures. Research limitations/implications Identifying business models in rapidly evolving fields such as the IoT based on a small number of case studies may result in biased findings compared to large-scale surveys and globally distributed samples. However, it provides more thorough interpretations. Practical implications The study provides a framework for analyzing the types and emergence of IoT business models, and forwards the concept of “value design” as an ecosystem business model. Originality/value This paper identifies four archetypical IoT business models based on a novel framework that is independent of any specific industry, and argues that IoT business models follow an evolutionary path from closed to open, and reversely to closed ecosystems, and the value created in the networks of organizations and things will be shareable value rather than exchange value.

scholarly journals A Survey Study Report on Cloud Computing

2021 ◽  
pp. 326-329
Author(s):  
A. Shabana ◽  
Dr. V. Divya
Keyword(s):  
Cloud Computing ◽  
Business Models ◽  
Survey Study ◽  
The Internet ◽  
Computing Model ◽  
Survey Report ◽  
New Business ◽  
Storage Location ◽  
The Internet Of Things ◽  
New Business Models

In the recent years one of the major computing model in the Internet World is is Cloud Computing. It is giving birth to new business models and accelerating itself to technology adoption. It acts as a foundation for emerging technologies like the Internet Of Things (IOT). Cloud is used as a storage location. So, we can able to access the data stored in the cloud anytime and anywhere. This paper is about the Survey Report on IEEE Cloud Computing paper published by the author in the appropriate years and I have also reviewed about the Existing Algorithms /Techniques and its drawbacks, Methodologies used and Advantages of Proposed Algorithm which we can improve in future.

From Ubiquitous Computing to the Internet of Things

2017 ◽  
pp. 1-42 ◽  
Author(s):  
Bozidar Radenkovic ◽  
Petar Kocovic
Keyword(s):  
Internet Of Things ◽  
Business Models ◽  
The Internet ◽  
Washing Machine ◽  
Packaged Goods ◽  
New Business ◽  
2D Bar Code ◽  
The Right ◽  
Consumer Devices ◽  
The Internet Of Things

The Internet that most of us knows as the World Wide Web is expanding beyond PCs and mobile devices. Called the “Internet of things”, this movement will link consumer devices, enterprise assets, media and everyday items, such as packaged goods, to the Internet at an increasing rate. Why the push? New business models and new ways of interacting with customers, employees and suppliers are possible when physical items are linked to the Internet. In theory, the Internet of things will make it possible for a connected refrigerator to automatically order milk. However, history has shown that, even though a technology can be transformational, it takes a series of many small evolutions before the consumer and business world are ready for transformational models like this. We believe that, at first, the sweet spot for the Internet of things will be to use it in simple ways that extend or enhance an existing process. For example, a washing machine that has a 2D bar code can enable a smartphone user to view the instruction manual, or a service person to view the service history and parts list. In contrast, using the Internet of things technologies to make a washing machine that can auto-detect clothes by reading the RFID tags on the garments' labels, and consequently run at the right settings, is less likely to gain adoption.

The Internet of Things

2017 ◽  
pp. 126-146
Author(s):  
Thomas Ochs ◽  
Ute Anna Riemann
Keyword(s):  
Internet Of Things ◽  
Business Models ◽  
Business Processes ◽  
Physical World ◽  
Information Networks ◽  
Sensors And Actuators ◽  
New Business ◽  
Key Enabling Technologies ◽  
The Internet Of Things ◽  
New Business Models

Objects become embedded and gain the ability to communicate. The resulting information networks promise to create new business models, improve business processes, and reduce costs and risks. The massive numbers of connected things and the explosion of data generated by these things will change the way we do business forever. Connected devices are proliferating in a communicating and actuating network named “Internet of Things” (IoT) wherein sensors and actuators blend seamlessly with the environment around us, and the information is shared across platforms in order to develop a common operating picture (Gubi et al., 2013). The IoT digitizes the physical world and is a basis for new business models whose main objective is to integrate or connect things. This chapter outlines the key enabling technologies, drivers and business value as well as benefits and challenges.

From Ubiquitous Computing to the Internet of Things

2020 ◽  
pp. 1523-1556 ◽  
Author(s):  
Bozidar Radenkovic ◽  
Petar Kocovic
Keyword(s):  
Internet Of Things ◽  
Business Models ◽  
The Internet ◽  
Washing Machine ◽  
Packaged Goods ◽  
New Business ◽  
2D Bar Code ◽  
The Right ◽  
Consumer Devices ◽  
The Internet Of Things

The Internet that most of us knows as the World Wide Web is expanding beyond PCs and mobile devices. Called the “Internet of things”, this movement will link consumer devices, enterprise assets, media and everyday items, such as packaged goods, to the Internet at an increasing rate. Why the push? New business models and new ways of interacting with customers, employees and suppliers are possible when physical items are linked to the Internet. In theory, the Internet of things will make it possible for a connected refrigerator to automatically order milk. However, history has shown that, even though a technology can be transformational, it takes a series of many small evolutions before the consumer and business world are ready for transformational models like this. We believe that, at first, the sweet spot for the Internet of things will be to use it in simple ways that extend or enhance an existing process. For example, a washing machine that has a 2D bar code can enable a smartphone user to view the instruction manual, or a service person to view the service history and parts list. In contrast, using the Internet of things technologies to make a washing machine that can auto-detect clothes by reading the RFID tags on the garments' labels, and consequently run at the right settings, is less likely to gain adoption.

scholarly journals Research on the Connotation and Business Model of Internet of Things under the Background of Globalization

2018 ◽  
Vol 1 (2) ◽  
Author(s):  
Yurong Chen
Keyword(s):  
Internet Of Things ◽  
Business Model ◽  
Socioeconomic Development ◽  
Business Models ◽  
Industrial Revolution ◽  
The Internet ◽  
Information Technology Industry ◽  
Technology Industry ◽  
New Business ◽  
The Internet Of Things

 With the advent of the fourth industrial revolution, the new generation of information technology industry represented by the Internet of Things has continually nurtured new business models and economic growth points, and created one after another IoT mythology, which greatly promoted the global socioeconomic development and transformation. IoT has increasingly become the new engine of the current global economic development. To this end, this paper starts with the concept and connotation of the Internet of Things, discusses the development and application of the global Internet of Things and the types and characteristics of the Internet of Things business model, and proposes the measures and countermeasures of the business model of the Internet of Things in the context of globalization.

scholarly journals Designing Business Models for the Internet of Things

2014 ◽  
Vol 4 (7) ◽  
pp. 5-14 ◽  
Author(s):  
Mika Westerlund ◽  
Seppo Leminen ◽  
Mervi Rajahonka
Keyword(s):  
Internet Of Things ◽  
Business Models ◽  
The Internet ◽  
The Internet Of Things
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