A Business Model Type For The Internet Of Things
ISBN
978-0-9915567-0-0
Type
conference paper
Date Issued
2014-06-09
Author(s)
Turber, Stefanie
Smiela, Christoph
Editor(s)
Avital, Michel
Leimeister, Jan Marco
Schultze, Ulrike
Abstract
The increasing pervasiveness of digital technologies, often referred to as the "Internet of Things" (IoT), offers a wealth of new services and business model opportunities across an ecosystem of partners - and so it forces companies to rethink their current business models. To date, literature does yet not provide actionable, field-tested model theories for capturing, visualizing and analyzing firms' business models in digitally intensive business environments.
The present paper (research in progress) therefore addresses the need for a business model type for the Internet of Things, which recognizes the affordances and impacts of digitization in order to allow companies to truly tap into new business model opportunities. We describe the design and evaluation of a type model, which enables researchers and practitioners alike to capture, visualize and analyze firms' current and future business models in IoT in a structured and actionable way. For our study we elected an iterative design science research approach, which prioritizes the utility of prototype artifacts. We feel confident of reaching at an empirically tested business model type, drawn from both Strategic Management and Information Systems research.
The present paper (research in progress) therefore addresses the need for a business model type for the Internet of Things, which recognizes the affordances and impacts of digitization in order to allow companies to truly tap into new business model opportunities. We describe the design and evaluation of a type model, which enables researchers and practitioners alike to capture, visualize and analyze firms' current and future business models in IoT in a structured and actionable way. For our study we elected an iterative design science research approach, which prioritizes the utility of prototype artifacts. We feel confident of reaching at an empirically tested business model type, drawn from both Strategic Management and Information Systems research.
Language
English
Keywords
Internet of Things
IoT
Business Model
Product-Service Systems
Digital Ecosystem
Design Science Research
Value Networks
HSG Classification
contribution to scientific community
HSG Profile Area
SoM - Business Innovation
Refereed
No
Book title
ECIS 2014 proceedings : 22th European Conference on Information Systems
Publisher
Association for Information Systems
Publisher place
AIS Electronic Library (AISeL)
Event Title
22nd European Conference on Information Systems (ECIS) 2014
Event Location
Tel Aviv, Israel
Event Date
09.-11.06.2014
Subject(s)
Division(s)
Eprints ID
234083