scholarly journals An Analysis of Opportunities, Challenges and Key Strategic Implications Connected with the Utilization of the Internet of Things by Contemporary Business Organizations

2018 ◽  
Vol 7 (3.13) ◽  
pp. 99 ◽  
Author(s):  
Janusz Wielki

The rapid development of the Internet of Things and its growing influence on functioning of business organizations and utilized by them business models was the main motivation of undertaking the research presented in the paper. In this context the most important areas of opportunities created with the development of this concept were determined. The main internal and external challenges of a technical and non-technical nature were also identified. The major finding of the paper is suggested in its final part a strategic framework connected with the implementation of the concept of the Internet of Thing in business organizations.  

2018 ◽  
Vol 33 (6) ◽  
pp. 749-767 ◽  
Author(s):  
Seppo Leminen ◽  
Mervi Rajahonka ◽  
Mika Westerlund ◽  
Robert Wendelin

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.


2014 ◽  
Vol 4 (7) ◽  
pp. 5-14 ◽  
Author(s):  
Mika Westerlund ◽  
Seppo Leminen ◽  
Mervi Rajahonka

2017 ◽  
Vol 9 (1) ◽  
pp. 57-75 ◽  
Author(s):  
Seppo Leminen ◽  
Mervi Rajahonka ◽  
Mika Westerlund

This study investigates actors in the ecosystems of the Internet of Things (IoT). Previous research suggests that unstructured ecosystems make one of the greatest challenges for creating business models for the IoT. The present study concludes four contributions. First, the study reviews literature to develop a framework for role mechanisms in ecosystems and applies the framework to analyse data from fifteen interviews in six cases. Second, it identifies four diverse actor roles in IoT ecosystems: butterfly, ant and greenfly, spider, and the swarm of bees. Third, the study shows how actors take and make different roles in four emerging IoT ecosystems; product-, company-, industry-, and peer to peer ecosystems, which are structured in accordance with the identified actors' role behavior. Fourth, it suggests a new role pattern, role replication, where companies replicate their value designs and networks to other contexts.


2019 ◽  
Vol 12 (1) ◽  
pp. 96-115 ◽  
Author(s):  
Christophe Lethien ◽  
Jean Le Bideau ◽  
Thierry Brousse

The fabrication of miniaturized electrochemical energy storage systems is essential for the development of future electronic devices for Internet of Thing applications. This paper aims at reviewing the current micro-supercapacitor technologies and at defining the guidelines to produce high performance micro-devices with special focuses onto the 3D designs as well as the fabrication of solid state miniaturized devices to solve the packaging issue.


2012 ◽  
Vol 452-453 ◽  
pp. 932-936
Author(s):  
Xiang Dong Hu ◽  
Peng Qin Yu

With the rapid development of ubiquitous network and its applications, the key technologies of the Internet of things are actively researched all over the world. The Internet of things has tremendous attraction for adversaries, and it is easily attacked due to poor resource and non-perfect distribution of sensor nodes, then false data maybe be injected into network. Security is one of the most important demands for applications in the Internet of things, an algorithm of malicious nodes detection is proposed to protect the network from destruction based on weighted confidence filter, namely, the cluster heads take charge of collecting messages from nodes and computing their average of confidence in cluster-based network, then they aggregate data from nodes with higher confidence than average and ignore the others, they update confidence of each node by comparing the aggregation value and the received data, and regard it as the weight of exactness of message from node. A sensor node is judged to be a malicious one if its weight is lower than the set threshold. The simulation results show that the algorithm can detect malicious nodes with high detection ratio, low false alarm ratio and outstanding scalability.


2013 ◽  
Vol 278-280 ◽  
pp. 2012-2015
Author(s):  
Lian Shi Lin ◽  
Qing Hu ◽  
Yu Ping Qui

The Internet of things is a massive electronic equipment with internet interconnection of large scale virtual networks, including RFID, sensor and actuator electronic devices by the internet interconnection. In order to solve internet of things architecture intelligent refrigerator key technologies, The paper had discussed the internet of things architecture intelligent refrigerator definition, characteristic as well as reference architecture, focused on analysis intelligent refrigerator information space definition, information quantification method and mobile platform equipment internet of things key technology main problems and corresponding solution ways.


2014 ◽  
Vol 2014 ◽  
pp. 1-10 ◽  
Author(s):  
Sun-Young Ihm ◽  
Aziz Nasridinov ◽  
Young-Ho Park

A rapid development in wireless communication and radio frequency technology has enabled the Internet of Things (IoT) to enter every aspect of our life. However, as more and more sensors get connected to the Internet, they generate huge amounts of data. Thus, widespread deployment of IoT requires development of solutions for analyzing the potentially huge amounts of data they generate. A top-kquery processing can be applied to facilitate this task. The top-kqueries retrievektuples with the lowest or the highest scores among all of the tuples in the database. There are many methods to answer top-kqueries, where skyline methods are efficient when considering all attribute values of tuples. The representative skyline methods are soft-filter-skyline (SFS) algorithm, angle-based space partitioning (ABSP), and plane-project-parallel-skyline (PPPS). Among them, PPPS improves ABSP by partitioning data space into a number of spaces using hyperplane projection. However, PPPS has a high index building time in high-dimensional databases. In this paper, we propose a new skyline method (called Grid-PPPS) for efficiently handling top-kqueries in IoT applications. The proposed method first performs grid-based partitioning on data space and then partitions it once again using hyperplane projection. Experimental results show that our method improves the index building time compared to the existing state-of-the-art methods.


2021 ◽  
Vol 12 (36) ◽  
pp. 11936-11954
Author(s):  
Kai-Li Wang ◽  
Yu-Hang Zhou ◽  
Yan-Hui Lou ◽  
Zhao-Kui Wang

With the rapid development of the Internet of Things (IoTs), photovoltaics (PVs) has a vast market supply gap of billion dollars.


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