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Role of openness in industrial internet platform providers’ strategy

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

Details

Original languageEnglish
Title of host publicationProduct Lifecycle Management and the Industry of the Future
Subtitle of host publication14th IFIP International Conference, PLM 2017, Seville, Spain, July 10-12, 2017
EditorsJ. Rios, A. Bernard, A. Bouras, S. Foufou
PublisherSpringer
Pages92-105
Number of pages14
Volume517
ISBN (Electronic)978-3-319-72905-3
ISBN (Print)978-3-319-72904-6
DOIs
Publication statusPublished - 9 Dec 2017
Publication typeA4 Article in a conference publication
EventINTERNATIONAL CONFERENCE ON PRODUCT LIFECYCLE MANAGEMENT -
Duration: 1 Jan 1900 → …

Publication series

NameIFIPAICT

Conference

ConferenceINTERNATIONAL CONFERENCE ON PRODUCT LIFECYCLE MANAGEMENT
Period1/01/00 → …

Abstract

Industrial internet, Industry 4.0 and Cyber-Physical Systems (CPS) can be collectively defined as industrial systems that integrate computational and physical capabilities of machines in order to provide advanced analytics and interact with humans. Industrial internet platforms allow the industrial companies to manage data, information and knowledge effectively within and between product lifecycle phases. Industrial internet platform’s openness plays a very important role in decision making related to platform selection for industrial companies. This paper focuses on various dimensions of openness and how it effects the strategy of platform owners or providers and how this strategy effects in short and long term to their end-users. In order to analyze the above Kaa IoT and PTC ThingWorx have been analyzed to understand the impact of openness dimensions on their strategy and business.

Keywords

  • Industrial internet, platforms, PLM, openness

Publication forum classification

Field of science, Statistics Finland