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Thomas Kalling. Photo.

Thomas Kalling

Professor

Thomas Kalling. Photo.

Internet of Things and Business Models

Author

  • Pelle Högnelid
  • Thomas Kalling

Summary, in English

Understanding implications on firm performance from the emergence of Internet of Things (IoT) is critical in order for firms to make rational decisions regarding business model configurations and investments in IoT. The transition between the current state and widespread adoption and diffusion of IoT is expected to be complex, and standardization is one of multiple barriers discussed in research regarding Internet of Things. In order to ensure interoperability between billions of heterogeneous devices, standardization may be a significant factor with potential impact on IoT investments. To expand our understanding of strategic implications of IoT investments, this paper analyzes the impact of IoT on business models and sources of value creation by applying a proposed framework to empirical illustrations. Further research is needed to support development of frameworks and to advance our understanding of how firms should act in order to meet challenges generated by the emergence of IoT.

Department/s

  • Institute of Economic Research

Publishing year

2015-10

Language

English

Publication/Series

Proceedings of the 9th International Conference on Standardization and Innovation in Information Technology, IEEE SIIT 2015

Document type

Conference paper

Publisher

IEEE - Institute of Electrical and Electronics Engineers Inc.

Topic

  • Business Administration

Keywords

  • business models
  • empirical illustrations
  • Internet of Things
  • interoperability
  • standardization

Conference name

9th International Conference on Standardization and Innovation in Information Technology, IEEE SIIT 2015

Conference date

2015-10-06 - 2015-10-08

Conference place

Sunnyvale, United States

Status

Published

ISBN/ISSN/Other

  • ISBN: 9781467395335