Advantech: evolution of its IoT ecosystem strategy

2018 ◽  
Vol 8 (4) ◽  
pp. 1-28
Author(s):  
Guo (Ginkgo) Bai ◽  
Liman Zhao ◽  
Zhenrong Edison Wang
Keyword(s):  
The Internet ◽  
Senior Executives ◽  
Content Type ◽  
Internet Of Everything ◽  
Academic Level ◽  
Iot Platform ◽  
Corporate Growth ◽  
Industrial Iot ◽  
Systematic Understanding ◽  
The Internet Of Things

Learning outcomes Through this case, students will not only learn about the latest development of this emerging industry, IoT, but also gain a systematic understanding of “ecosystem strategy” and get to know a new corporate growth model called “co-creation”. Case overview/synopsis This case describes why and how Advantech Co., Ltd. (hereinafter referred to as Advantech) has transformed in the age of the Internet of Things. Aware of the ecosystem attributes of the IoT industry and committed to the company’s principle of “altruism”, Advantech strategically positioned itself as an “IoT platform provider” and an “enabler” for IoT applications. After carrying out a reform in terms of internal management, external cooperation, and development model, Advantech has evolved from an industrial computer maker to an IoT solution provider. Since the launch of the “co-creation model” at the end of 2016, Advantech has drawn attention from many excellent companies in traditional industries. With the Internet of Everything close at hand, Chairman KC Liu is well aware there are many challenges to overcome as Advantech strives to build an industrial IoT ecosystem, the “evolution” continues. Complexity academic level MBAs, EMBAs and senior executives. Supplementary materials Teaching Notes are available for educators only. Please contact your library to gain login details or email [email protected] to request teaching notes. Subject code CSS 11: Strategy

IoT Platform Business Model for Innovative Management Systems

2020 ◽  
Vol 07 (03) ◽  
pp. 2050030 ◽  
Author(s):  
Shrutika Mishra ◽  
A. R. Tripathi
Keyword(s):  
Cutting Edge ◽  
The Internet ◽  
Business Culture ◽  
Internet Of Everything ◽  
Iot Platform ◽  
Innovative Management ◽  
Iot Platforms ◽  
Technology And Communication ◽  
Business And Management ◽  
The Internet Of Things

Internet of Everything (IoE) in the business is a multiple and distributed interconnection of strategies and devices over the Internet. It is a group of technology which requires a set of protocols, data server storage strategy, infrastructure mechanism, integration of all technology, and communication protocols with all the connecting devices. The Internet of Things (IoT) is likely to convey accelerative, innovative, encouraging elucidations in numerous domains including business and managements. It allows devices to communicate with us very efficiently and accomplish the decisions with applications with other devices. The IoT creates transforming businesses, financial prudence and business culture. IoT platforms with greater access 5G technology are evolving as the upcoming tools and substantial support in the global IoEs setup in business ecosystem. In this paper, we examine up-to-date landscape of IoT platforms, 5G technology scope for business and management to how they work and the main aspects to consider when choosing a platform provider for cutting-edge decisions. It involves a set of approaches for business behaviors of the IoT and IoE classification, which can be defined as IoE business outlines in the cutting edge 5G technology.

A four-step blueprint for digital reinvention

2016 ◽  
Vol 44 (4) ◽  
pp. 18-25 ◽  
Author(s):  
Saul J. Berman ◽  
Peter J. Korsten ◽  
Anthony Marshall
Keyword(s):  
Internet Of Things ◽  
Design Methodology ◽  
The Internet ◽  
Content Type ◽  
New Ways Of Working ◽  
Partner Relationships ◽  
Strategic Focus ◽  
The Internet Of Things ◽  
Practical Implications ◽  
Customer Need

Purpose Digital reinvention helps organizations create unique, compelling experiences for their customers, partners, employees and other stakeholders. Design/methodology/approach Digital reinvention combines the capabilities of multiple technologies, including cloud, cognitive, mobile and the Internet of Things (IoT) to rethink customer and partner relationships from a perspective of fundamental customer need, use or aspiration. Findings The most successful digitally reinvented businesses establish a platform of engagement for their customers, with the business acting as enabler, conduit and partner Practical implications For successful digital reinvention, organizations need to pursue a new strategic focus, build new expertise and establish new ways of working. Originality/value The article offers a blueprint for digital reinvention that involves rethinking customer and partner relationships from a perspective of fundamental customer need, use or aspiration.

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.

The Internet of Things and its impact on the library

2016 ◽  
Vol 117 (3/4) ◽  
pp. 289-292 ◽  
Author(s):  
Bruce Massis
Keyword(s):  
Internet Of Things ◽  
Literature Review ◽  
Design Methodology ◽  
Security And Privacy ◽  
The Internet ◽  
Content Type ◽  
Privacy Concerns ◽  
Potential Impact ◽  
The Internet Of Things

Purpose – The purpose of this paper is to consider the Internet of Things (IOT) and its potential impact on libraries. Design/methodology/approach – This paper presents a literature review and a commentary on this topic that have been addressed by professionals, researchers and practitioners. Findings – In communicating the issues when comprehending the scope of the IOT, libraries need not succumb to the sometimes near-hysteria that surrounds the rhetoric regarding security and privacy. But, librarians must actively engage in the conversation and its subsequent actions to respond to patrons who use library networks and devices with calm, logical and transparent answers to those questions concerning what they are doing to ensure that security and privacy vulnerabilities are regularly addressed. Originality/value – The value in concentrating on this topic is to provide background and suggest several approaches to security and privacy concerns regarding the IOT.

scholarly journals Blockchain and Internet of Things in Higher Education.pdf

2020 ◽  
Author(s):  
Tanweer Alam ◽  
Mohamed Benaida
Keyword(s):  
Internet Of Things ◽  
Mobile Communications ◽  
High Speed ◽  
Wireless Networking ◽  
Research Area ◽  
The Internet ◽  
Web Pages ◽  
Main Research ◽  
Iot Platform ◽  
The Internet Of Things

Building the innovative blockchain-based architecture across the Internet of Things (IoT) platform for the education system could be an enticing mechanism to boost communication efficiency within the 5 G network. Wireless networking would have been the main research area allowing people to communicate without using the wires. It was established at the start of the Internet by retrieving the web pages to connect from one computer to another computer Moreover, high-speed, intelligent, powerful networks with numerous contemporary technologies, such as low power consumption, and so on, appear to be available in today's world to connect among each other. The extension of fog features on physical things under IoT is allowed in this situation. One of the complex tasks throughout the area of mobile communications would be to design a new virtualization framework based on blockchain across the Internet of Things architecture. The goal of this research is to connect a new study for an educational system that contains Blockchain to the internet of things or keeping things cryptographically secure on the internet. This research combines with its improved blockchain and IoT to create an efficient interaction system between students, teachers, employers, developers, facilitators and accreditors on the Internet. This specified framework is detailed research's great estimation.

scholarly journals Characteristics and Challenges of the Internet of Things in Entrepreneurship

2020 ◽  
Vol 43 (338) ◽  
pp. 27-34
Author(s):  
Lasma Licite-Kurbe ◽  
Athul Chandramohan
Keyword(s):  
Internet Of Things ◽  
Smart Cities ◽  
Health Sector ◽  
The Internet ◽  
Annual Growth Rate ◽  
Privacy And Security ◽  
Compound Annual Growth Rate ◽  
Industrial Iot ◽  
Analysis And Synthesis ◽  
The Internet Of Things

AbstractThe Internet of Things (IoT) is a computing concept that describes the idea of everyday physical objects being connected to the Internet and being able to identify themselves to other devices, and day by day it becomes popular in everyday life as well as in entrepreneurship. The IoT covers broad areas, including manufacturing, the health sector, agriculture, smart cities, security and emergencies among many others. The market for the industrial IoT is estimated to surpass 107 billion euros by 2021 and reach a compound annual growth rate of 7.3% as of 2020. The IoT makes an impact on all industries and provides benefits for various areas of business; however, business may be faced with some risks as well. The research aim is to analyse the benefits and risks of the IoT in entrepreneurship. The descriptive method, analysis and synthesis, the induction and deduction methods were used to achieve the aim. The research has revealed that the IoT can provide several opportunities for business in all fields of operations – marketing, logistics, accounting and human resource management. However, businesses may be faced with some challenges related to privacy and security, processing, analysis and management of data, as well as monitoring and sensing.

scholarly journals An intelligence optimization method based on crowd intelligence for IoT devices

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ke Wang ◽  
Zheming Yang ◽  
Bing Liang ◽  
Wen Ji
Keyword(s):  
Genetic Algorithm ◽  
Design Methodology ◽  
Rapid Development ◽  
Optimization Method ◽  
The Internet ◽  
Content Type ◽  
Communication Capacity ◽  
Iot Devices ◽  
Crowd Intelligence ◽  
The Internet Of Things

Purpose The rapid development of 5G technology brings the expansion of the internet of things (IoT). A large number of devices in the IoT work independently, leading to difficulties in management. This study aims to optimize the member structure of the IoT so the members in it can work more efficiently. Design/methodology/approach In this paper, the authors consider from the perspective of crowd science, combining genetic algorithms and crowd intelligence together to optimize the total intelligence of the IoT. Computing, caching and communication capacity are used as the basis of the intelligence according to the related work, and the device correlation and distance factors are used to measure the improvement level of the intelligence. Finally, they use genetic algorithm to select a collaborative state for the IoT devices. Findings Experimental results demonstrate that the intelligence optimization method in this paper can improve the IoT intelligence level up to ten times than original level. Originality/value This paper is the first study that solves the problem of device collaboration in the IoT scenario based on the scientific background of crowd intelligence. The intelligence optimization method works well in the IoT scenario, and it also has potential in other scenarios of crowd network.

The internet of things in upscale hotels: its impact on guests’ sensory experiences and behavior

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Jean-Éric Pelet ◽  
Erhard Lick ◽  
Basma Taieb
Keyword(s):  
Internet Of Things ◽  
Well Being ◽  
The Internet ◽  
Sensory Stimuli ◽  
Content Type ◽  
Affective Experiences ◽  
The Senses ◽  
Use Of The Internet ◽  
Hotel Managers ◽  
The Internet Of Things

Purpose This study bridges the gap between sensory marketing and the use of the internet of things (IoT) in upscale hotels. This paper aims to investigate how stimulating guests’ senses through IoT devices influenced their emotions, affective experiences, eudaimonism (well-being), and ultimately, guest behavior. The authors examined the potential moderating effects of gender. Design/methodology/approach Research conducted comprised an exploratory study, which consisted of interviews with hotel managers (Study 1) and an online confirmatory survey (n = 357) among hotel guests (Study 2). Findings The results showed that while the senses of smell, hearing and sight had an impact on guests’ emotions, the senses of touch, hearing and sight impacted guests’ affective experiences. The senses of smell and taste influenced guests’ eudaimonism. The sense of smell had a greater effect on eudaimonism and behavioral intentions among women compared to men. Research limitations/implications This study concentrated on upscale hotels located in Europe. Further research may explore the generalizability of the findings (e.g. in other cultures, comparison between high-end and low-end hotels). Practical implications Managers of upscale hotels should apply congruent sensory stimuli from all five senses. Stimuli may be customized (“SoCoIoT” marketing). IoT in hotels may be useful in the aftermath of the COVID pandemic, as voice commands help guests avoid touching surfaces. Originality/value IoT can be applied in creating customized multi-sensory hotel experiences. For example, hotels may offer unique and diverse ambiances in their rooms and suites to improve guest experiences.

Military acceptance of the Internet of Things: a research model

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Rabia Saylam ◽  
Abdulkadir Ozdemir
Keyword(s):  
Internet Of Things ◽  
Technology Acceptance ◽  
Diffusion Of Innovation ◽  
Structural Equation ◽  
Negative Relationship ◽  
The Internet ◽  
Research Model ◽  
Content Type ◽  
The Military ◽  
The Internet Of Things

Purpose This study aims to examine the perception of military people regarding the use of a network of various intelligent objects, the Internet of Things (IoT), in the future battlespace. Design/methodology/approach A research model that analyzes military acceptance of the IoT is proposed. The model is created by integrating the technology acceptance model and diffusion of innovation theory. Then an empirical study is conducted through a survey, and the proposed hypotheses are tested. The findings are obtained thanks to the structural equation model (SEM), which clearly reveals the overall dependency relationship among independent and dependent variables even when a dependent variable is an independent variable in another relationship. Findings The study clearly reveals the significant factors effecting the attitude toward the use of IoT in the military. It also uncovers potential barriers to the adoption of IoT in the military domain. Especially, risk factor seems to have no significant impact on the acceptance of IoT, and also, there seems to be a positive relationship between risk and trust contrary to an expected negative relationship. Originality/value To the best of the authors’ knowledge, this study is the first research analyzing the acceptance of IoT in the military domain through hypotheses in a SEM.

A Comprehensive Survey on Interoperability for IIoT: Taxonomy, Standards, and Future Directions

2023 ◽  
Vol 55 (1) ◽  
pp. 1-35
Author(s):  
Abhishek Hazra ◽  
Mainak Adhikari ◽  
Tarachand Amgoth ◽  
Satish Narayana Srirama
Keyword(s):  
Industrial Revolution ◽  
Industrial Applications ◽  
Future Research ◽  
The Internet ◽  
Large Numbers ◽  
Industrial Iot ◽  
Recent Developments ◽  
Comprehensive Survey ◽  
Real Time Information ◽  
The Internet Of Things

In the era of Industry 4.0, the Internet-of-Things (IoT) performs the driving position analogous to the initial industrial metamorphosis. IoT affords the potential to couple machine-to-machine intercommunication and real-time information-gathering within the industry domain. Hence, the enactment of IoT in the industry magnifies effective optimization, authority, and data-driven judgment. However, this field undergoes several interoperable issues, including large numbers of heterogeneous IoT gadgets, tools, software, sensing, and processing components, joining through the Internet, despite the deficiency of communication protocols and standards. Recently, various interoperable protocols, platforms, standards, and technologies are enhanced and altered according to the specifications of the applicability in industrial applications. However, there are no recent survey papers that primarily examine various interoperability issues that Industrial IoT (IIoT) faces. In this review, we investigate the conventional and recent developments of relevant state-of-the-art IIoT technologies, frameworks, and solutions for facilitating interoperability between different IIoT components. We also discuss several interoperable IIoT standards, protocols, and models for digitizing the industrial revolution. Finally, we conclude this survey with an inherent discussion of open challenges and directions for future research.

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