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Business model frameworks in iot context – a literature review

Research output: Chapter in Book/Report/Conference proceedingConference contributionScientificpeer-review

Details

Original languageEnglish
Title of host publicationProceedings of the 24th UK Academy for Information Systems (UKAIS) International Conference
Subtitle of host publication9th-10th April 2019, St. Catherine's College Oxford
PublisherAssociation for Information Systems AIS
Pages210-232
Number of pages23
ISBN (Electronic)978-0-9560272-3-8
Publication statusAccepted/In press - 30 Apr 2019
Publication typeA4 Article in a conference publication
EventUK ACADEMY FOR INFORMATION SYSTEMS CONFERENCE -
Duration: 1 Jan 1900 → …

Conference

ConferenceUK ACADEMY FOR INFORMATION SYSTEMS CONFERENCE
Period1/01/00 → …

Abstract

Employing the Internet of Things (IoT) in business changes the way in which value is offered to customers. To enable and ensure effective value exchange, proper business models are required. In this literature review study (n=56), business model frameworks created for the IoT context were evaluated.

The results show that although most of the frameworks emphasize the ecosystemic nature of IoT, even they still largely do not describe the connections, dynamics, and causality between the business model components. While IoT as such does not necessarily need a specific business model, the ecosystemic nature of IoT is bound to influence the business model, thus making IoT business models more integrative, inter-relational, and complex. The results also suggest that the ecosystem-level co-creation of business models needs to be emphasized and studied further.

Keywords

  • business model, case study, literature review, IoT, Internet of Things

Publication forum classification