TY - GEN
T1 - Towards IOT ecosystems and business models
AU - Leminen, Seppo
AU - Westerlund, Mika
AU - Rajahonka, Mervi
AU - Siuruainen, Riikka
PY - 2012
Y1 - 2012
N2 - The recent discourse on IOT (Internet of Things) has emphasized technology and different technology layers. Currently, there is a pressing need for research into the emerging IOT ecosystems from the business perspective. This is due to their promise to create new business models, improve business processes, and reduce costs and risks. However, the existing literature lacks understanding and empirical research on what IOT business models are and how they are connected to the underlying ecosystem. We focus on this critical research gap by studying business models in the IOT ecosystem context. In the study, we construct a framework for analyzing different types of IOT business models. Furthermore, we use case examples from the automotive industry in explaining how these models are employed in connection with ecosystems. The study concludes by giving suggestions to business model developers and researchers.
AB - The recent discourse on IOT (Internet of Things) has emphasized technology and different technology layers. Currently, there is a pressing need for research into the emerging IOT ecosystems from the business perspective. This is due to their promise to create new business models, improve business processes, and reduce costs and risks. However, the existing literature lacks understanding and empirical research on what IOT business models are and how they are connected to the underlying ecosystem. We focus on this critical research gap by studying business models in the IOT ecosystem context. In the study, we construct a framework for analyzing different types of IOT business models. Furthermore, we use case examples from the automotive industry in explaining how these models are employed in connection with ecosystems. The study concludes by giving suggestions to business model developers and researchers.
KW - business models
KW - ecosystems
KW - Internet of things
UR - https://www.scopus.com/pages/publications/84866085891
U2 - 10.1007/978-3-642-32686-8_2
DO - 10.1007/978-3-642-32686-8_2
M3 - Published conference proceeding
AN - SCOPUS:84866085891
SN - 9783642326851
T3 - Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
SP - 15
EP - 26
BT - Internet of Things, Smart Spaces, and Next Generation Networking - 12th International Conference, NEW2AN 2012, and 5th Conference, ruSMART 2012, Proceedings
T2 - Joint Proceedings of the 12th International Conference on Next-Generation Teletraffic and Wired/Wireless Advanced Networking, NEW2AN 2012 and 5th Conference on Internet of Things and Smart Spaces, ruSMART 2012
Y2 - 27 August 2012 through 29 August 2012
ER -