Introduction to Business Value of the Internet of Things Minitrack

The internet of things (IoT) is rapidly becoming one of the most popular emerging technologies in business and society. One of the major verticals that has recently begun to effectively use IoT technologies is the retail industry. Given the unprecedented opportunities IoT generates for brands and retailers, it is important to glean timely insights regarding the business value of IoT and understand whether the introduction of an IoT technology as an alternative purchase channel for consumers affects the sales of physical products. Using empirical data from a multinational online retailer who adopted an IoT technology that largely automates the consumers’ purchases and employing a quasi-experimental framework, we study the effect of the introduction of IoT as an alternative sales channel on product sales. Our analyses reveal a statistically and economically significant increase in sales and demonstrate the business value of the IoT channel for retailers and brands. In addition, we conduct other analyses of IoT to delve into the effect of heterogeneity and empirically validate the underlying mechanisms by examining the impact of IoT for products in different price ranges, levels of substitutability, and product categories. For instance, our analyses reveal that less expensive and more differentiated products, as well as experience and utilitarian goods, can accrue higher benefits leveraging more effectively novel IoT technologies. This is the first paper to study the impact of an IoT technology on product sales, drawing important implications for devices and technologies largely automating the purchase process.

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Uncovering the business value of the internet of things in the energy domain – a review of smart energy business models

Electronic Markets ◽

10.1007/s12525-019-00381-8 ◽

2019 ◽

Cited By ~ 3

Author(s):

Ute Paukstadt ◽

Jörg Becker

Keyword(s):

Internet Of Things ◽

Business Models ◽

Business Value ◽

The Internet ◽

Energy Domain ◽

The Internet Of Things

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Mapping the Business Value of the Internet of Things

The Cloud-to-Thing Continuum - Palgrave Studies in Digital Business & Enabling Technologies ◽

10.1007/978-3-030-41110-7_8 ◽

2020 ◽

pp. 141-157

Author(s):

Pierangelo Rosati ◽

Theo Lynn

Keyword(s):

Internet Of Things ◽

Business Value ◽

The Internet ◽

The Internet Of Things

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RFID Protocol Design, Optimization, and Security for the Internet of Things

10.1049/pbce112e ◽

2017 ◽

Author(s):

Alex X. Liu ◽

Muhammad Shahzad ◽

Xiulong Liu ◽

Keqiu Li

Keyword(s):

Internet Of Things ◽

Design Optimization ◽

Protocol Design ◽

The Internet ◽

The Internet Of Things ◽

Rfid Protocol

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Multimedia system and database simulation based on internet of things and cloud service platform

Journal of Intelligent & Fuzzy Systems ◽

10.3233/jifs-189253 ◽

2020 ◽

pp. 1-12

Author(s):

Zhang Caiqian ◽

Zhang Xincheng

Keyword(s):

Internet Of Things ◽

Cloud Service ◽

Multimedia System ◽

The Internet ◽

Multimedia Database ◽

Cloud Platform ◽

Service Platform ◽

Device Management ◽

Cloud Service Platform ◽

The Internet Of Things

The existing stand-alone multimedia machines and online multimedia machines in the market have certain deficiencies, so they cannot meet the actual needs. Based on this, this research combines the actual needs to design and implement a multi-media system based on the Internet of Things and cloud service platform. Moreover, through in-depth research on the MQTT protocol, this study proposes a message encryption verification scheme for the MQTT protocol, which can solve the problem of low message security in the Internet of Things communication to a certain extent. In addition, through research on the fusion technology of the Internet of Things and artificial intelligence, this research designs scheme to provide a LightGBM intelligent prediction module interface, MQTT message middleware, device management system, intelligent prediction and push interface for the cloud platform. Finally, this research completes the design and implementation of the cloud platform and tests the function and performance of the built multimedia system database. The research results show that the multimedia database constructed in this paper has good performance.

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Review of the Current State and Future Development in Standardising Artificial Lighting

Light & Engineering ◽

10.33383/2019-011 ◽

2019 ◽

pp. 4-44 ◽

Cited By ~ 1

Author(s):

Peter Thorns

Keyword(s):

Internet Of Things ◽

Future Development ◽

Best Practice ◽

The Internet ◽

Artificial Lighting ◽

Current State ◽

Internal Structures ◽

European Regulations ◽

The Internet Of Things

This paper discusses the organisations involved in the development of application standards, European regulations and best practice guides, their scope of work and internal structures. It considers their respective visions for the requirements for future standardisation work and considers in more detail those areas where these overlap, namely human centric or integrative lighting, connectivity and the Internet of Things, inclusivity and sustainability.

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