IoT- and Big Data-Driven Data Analysis Services for Third Parties, Strategic Implications and Business Opportunities

2018 ◽  
Vol 9 (3) ◽  
pp. 34-52 ◽  
Author(s):  
Izabella V. Lokshina ◽  
Cees J.M. Lanting ◽  
Barbara J. Durkin
Keyword(s):  
Big Data ◽  
Data Analysis ◽  
Business Models ◽  
Management Practices ◽  
Environmental Indicators ◽  
Third Party ◽  
Data Driven ◽  
Easy Access ◽  
Business Opportunities ◽  
Provision Of Services

This article describes ubiquitous sensing devices, enabled by wireless sensor network (WSN) technologies, now cut across every area of modern day living, affecting individuals and businesses and offering the ability to obtain and measure environmental indicators. Proliferation of these devices in a communicating-actuating network creates an Internet of Things (IoT). The IoT provides the tools to establish a major, global data-driven ecosystem that also enables Big Data techniques to be used. New business models may focus on the provision of services, i.e., the Internet of Services (IoS). These models assume the presence and development of the necessary IoT measurement and control instruments, communications infrastructure, and easy access to the data collected and information generated. Different business models may support opportunities to create revenue and value for various types of customers. This article contributes to the literature by considering, a first, knowledge-based management practices, business models, strategic implications and business opportunities for third-party data analysis services.

The IoT- and Big Data-Driven Data Analysis Services

2018 ◽  
Vol 14 (4) ◽  
pp. 88-107 ◽  
Author(s):  
Izabella V. Lokshina ◽  
Barbara J. Durkin ◽  
Cees Lanting
Keyword(s):  
Big Data ◽  
Data Analysis ◽  
Business Models ◽  
Environmental Indicators ◽  
Third Party ◽  
Data Driven ◽  
Easy Access ◽  
The Internet ◽  
Ubiquitous Sensing ◽  
Provision Of Services

Ubiquitous sensing devices, enabled by wireless sensor network (WSN) technologies, cut across every area of modern day living, affecting individuals and businesses and offering the ability to measure and understand environmental indicators. The proliferation of these devices in a communicating-actuating network creates the Internet of Things (IoT). The IoT provides the tools to establish a major global data-driven ecosystem with its emphasis on Big Data. Now business models may focus on the provision of services, i.e., the Internet of Services (IoS). These models assume the presence and development of the necessary IoT measurement and control instruments, communications infrastructure, and easy access to the data collected and information generated. Different business models may support potential opportunities to create revenue and value for various types of customers. This article contributes to the literature by considering, for the first time, business models, strategic implications and business opportunities for third-party data analysis services.

Data Analysis Services Related to the IoT and Big Data

Web Services ◽  
2019 ◽  
pp. 882-903
Author(s):  
Izabella V. Lokshina ◽  
Barbara J. Durkin ◽  
Cees J.M. Lanting
Keyword(s):  
Big Data ◽  
Data Analysis ◽  
Business Models ◽  
Third Party ◽  
Data Driven ◽  
Easy Access ◽  
Provision Of Services ◽  
And Control ◽  
Measurement And Control ◽  
The Internet Of Things

The Internet of Things (IoT) provides the tools for the development of a major, global data-driven ecosystem. When accessible to people and businesses, this information can make every area of life, including business, more data-driven. In this ecosystem, with its emphasis on Big Data, there has been a focus on building business models for the provision of services, the so-called Internet of Services (IoS). These models assume the existence and development of the necessary IoT measurement and control instruments, communications infrastructure, and easy access to the data collected and information generated by any party. Different business models may support opportunities that generate revenue and value for various types of customers. This paper contributes to the literature by considering business models and opportunities for third-party data analysis services and discusses access to information generated by third parties in relation to Big Data techniques and potential business opportunities.

Data Analysis Services Related to the IoT and Big Data

2017 ◽  
Vol 9 (2) ◽  
pp. 37-56 ◽  
Author(s):  
Izabella V. Lokshina ◽  
Barbara J. Durkin ◽  
Cees J.M. Lanting
Keyword(s):  
Big Data ◽  
Data Analysis ◽  
Business Models ◽  
Third Party ◽  
Data Driven ◽  
Easy Access ◽  
Provision Of Services ◽  
And Control ◽  
Measurement And Control ◽  
The Internet Of Things

The Internet of Things (IoT) provides the tools for the development of a major, global data-driven ecosystem. When accessible to people and businesses, this information can make every area of life, including business, more data-driven. In this ecosystem, with its emphasis on Big Data, there has been a focus on building business models for the provision of services, the so-called Internet of Services (IoS). These models assume the existence and development of the necessary IoT measurement and control instruments, communications infrastructure, and easy access to the data collected and information generated by any party. Different business models may support opportunities that generate revenue and value for various types of customers. This paper contributes to the literature by considering business models and opportunities for third-party data analysis services and discusses access to information generated by third parties in relation to Big Data techniques and potential business opportunities.

Evaluation of Strategic Opportunities and Resulting Business Models for SMEs

2020 ◽  
pp. 148-186 ◽  
Author(s):  
Izabella V. Lokshina ◽  
Cees J. M. Lanting ◽  
Barbara Durkin
Keyword(s):  
Business Models ◽  
Management Practices ◽  
Environmental Indicators ◽  
Third Party ◽  
Easy Access ◽  
The Internet ◽  
Knowledge Based ◽  
Ubiquitous Sensing ◽  
Provision Of Services ◽  
And Control

This chapter focuses on ubiquitous sensing devices, enabled by Wireless Sensor Network (WSN) technologies, that cut across every area of modern day living, affecting individuals and businesses and offering the ability to measure and understand environmental indicators. The proliferation of these devices in a communicating-actuating network creates the internet of things (IoT). The IoT provides the tools to establish a major global data-driven ecosystem with its emphasis on Big Data. Currently, business models may focus on the provision of services, i.e., the internet of services (IoS). These models assume the presence and development of the necessary IoT measurement and control instruments, communications infrastructure, and easy access to the data collected and information generated. Different business models may support creating revenue and value for different types of customers. This chapter contributes to the literature by considering, innovatively, knowledge-based management practices, strategic opportunities and resulting business models for third-party data analysis services.

Evaluation of Strategic Opportunities and Resulting Business Models for SMEs

2021 ◽  
pp. 689-718
Author(s):  
Izabella V. Lokshina ◽  
Cees J. M. Lanting ◽  
Barbara Durkin
Keyword(s):  
Business Models ◽  
Management Practices ◽  
Environmental Indicators ◽  
Third Party ◽  
Easy Access ◽  
The Internet ◽  
Knowledge Based ◽  
Ubiquitous Sensing ◽  
Provision Of Services ◽  
And Control

This chapter focuses on ubiquitous sensing devices, enabled by Wireless Sensor Network (WSN) technologies, that cut across every area of modern day living, affecting individuals and businesses and offering the ability to measure and understand environmental indicators. The proliferation of these devices in a communicating-actuating network creates the internet of things (IoT). The IoT provides the tools to establish a major global data-driven ecosystem with its emphasis on Big Data. Currently, business models may focus on the provision of services, i.e., the internet of services (IoS). These models assume the presence and development of the necessary IoT measurement and control instruments, communications infrastructure, and easy access to the data collected and information generated. Different business models may support creating revenue and value for different types of customers. This chapter contributes to the literature by considering, innovatively, knowledge-based management practices, strategic opportunities and resulting business models for third-party data analysis services.

Internet of Things and Big Data-Driven Data Analysis Services for Third Parties

2019 ◽  
pp. 256-289 ◽  
Author(s):  
Izabella V. Lokshina ◽  
Barbara J. Durkin ◽  
Cees J. M. Lanting
Keyword(s):  
Big Data ◽  
Data Analysis ◽  
Internet Of Things ◽  
Business Models ◽  
Management Practices ◽  
Data Driven ◽  
The Internet ◽  
Knowledge Based ◽  
Provision Of Services ◽  
New Business

Ubiquitous sensing devices, enabled by wireless sensor network (WSN) technologies, cut across every area of modern day living, affecting individuals and businesses and offering the ability to measure and understand environmental indicators. The proliferation of these devices in a communicating-actuating network creates the internet of things (IoT). The IoT provides the tools to establish a major global data-driven ecosystem with its emphasis on big data. Now business models may focus on the provision of services (i.e., the internet of services [IoS]). These models assume the presence and development of the necessary IoT measurement and control instruments, communications infrastructure, and easy access to the data collected and information generated. Different business models may support creating revenue and value for different types of customers. This chapter contributes to the literature by considering, for the first time, knowledge-based management practices, business models, new ventures, and new business opportunities for third-party data analysis services.

scholarly journals Big Data Analysis Model for MRO Business Using Artificial Intelligence System Concept

2018 ◽  
Vol 7 (3.33) ◽  
pp. 134
Author(s):  
Inhwan JUNG ◽  
He SUN ◽  
Jangmook KANG ◽  
Choong Hyong Lee ◽  
Sangwon LEE
Keyword(s):  
Artificial Intelligence ◽  
Big Data ◽  
Data Analysis ◽  
Business Models ◽  
Analysis Model ◽  
Artificial Intelligence System ◽  
Shipbuilding Industry ◽  
Intelligence System ◽  
System Concept ◽  
Ship Maintenance

The rapidly changing environment of the shipbuilding industry has put Korea’s shipbuilding industry in a crisis. The purpose of this study was to develop a business model to maintain, maintain and operate Big Data-based MRO(Maintenance, Repair, and Operation) consumables, which is expected to be the new growth engine for the domestic shipbuilding industry. Although Korean shipbuilders have world-class technologies for ship dogma, the market for ship maintenance and repair is still in its infancy. For Korean shipbuilders, MRO business can be a growth engine that will provide food for the next 30 years, but to do so, we need to make sure that everything that happens in the entire process, from ship design to maintenance and maintenance. Therefore, by systematically establishing Big Data related to components and developing MRO business models based on data analysis capabilities using Artificial Intelligence system concept, we can develop new growth engines for related industries in Ship Industry.  

scholarly journals Extracting Value from Industrial Alarms and Events: A Data-Driven Approach Based on Exploratory Data Analysis

Sensors ◽  
2019 ◽  
Vol 19 (12) ◽  
pp. 2772 ◽  
Author(s):  
Aguinaldo Bezerra ◽  
Ivanovitch Silva ◽  
Luiz Affonso Guedes ◽  
Diego Silva ◽  
Gustavo Leitão ◽  
...  
Keyword(s):  
Big Data ◽  
Data Analysis ◽  
Data Exchange ◽  
Data Science ◽  
Exploratory Data Analysis ◽  
Data Driven ◽  
Industrial Data ◽  
Industrial Big Data ◽  
Data Driven Approach ◽  
Exploratory Data

Alarm and event logs are an immense but latent source of knowledge commonly undervalued in industry. Though, the current massive data-exchange, high efficiency and strong competitiveness landscape, boosted by Industry 4.0 and IIoT (Industrial Internet of Things) paradigms, does not accommodate such a data misuse and demands more incisive approaches when analyzing industrial data. Advances in Data Science and Big Data (or more precisely, Industrial Big Data) have been enabling novel approaches in data analysis which can be great allies in extracting hitherto hidden information from plant operation data. Coping with that, this work proposes the use of Exploratory Data Analysis (EDA) as a promising data-driven approach to pave industrial alarm and event analysis. This approach proved to be fully able to increase industrial perception by extracting insights and valuable information from real-world industrial data without making prior assumptions.

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