Designing Business Models in the Era of Internet of Things : Towards a Reference Framework
Series
Lecture Notes in Computer Science. 9th International Conference, DESRIST 2014, Miami, FL, USA, May 22-24, 2014. Proceedings
ISSN
0302-9743
ISBN
978-3-319-06701-8
Type
conference paper
Date Issued
2014
Author(s)
Editor(s)
Tremblay, Monica Chiarini
VanderMeer, Debra
Rothenberger, Marcus
Gupta, Ashish
Yoon, Victoria
Abstract
The increasing pervasiveness of digital technologies, also refered to as ”Internet of Things” (IoT), offers a wealth of business model opportunities, which often involve an ecosystem of partners. In this context, companies are required to look at business models beyond a firm-centric lens and respond to changed dynamics. However, extant literature has not yet provided actionable approaches for business models for IoT-driven environments. Our research therefore addresses the need for a business model framework that captures the specifics of IoT-driven ecosystems. Applying an iterative design science research approach, the present paper describes (a) the methodology, (b) the requirements, (c) the design and (d) the evaluation of a business model framework that enables researchers and practitioners to visualize, analyze and design business models in the IoT context in a structured and actionable way. The identified dimensions in the framework include the value network of collaborating partners (who); sources of value creation (where); benefits from collaboration (why). Evidence from action research and multiple case studies indicates that the framework is able to depict business models in IoT.
Language
English
Keywords
Internet of Things
Digitization
Service-Dominant Logic
Value Networks
Business Model
Collaboration
Digital Ecosystem
Architecture
HSG Classification
contribution to scientific community
HSG Profile Area
SoM - Business Innovation
Refereed
No
Book title
Advancing the Impact of Design Science : Moving from Theory to Practice
Publisher
Springer International Publishing
Publisher place
Cham
Volume
LNCS 8463
Number
8463
Start page
17
End page
31
Pages
15
Event Title
9th International Conference on Design Science Research in Information Systems and Technology (DESRIST 2014)
Event Location
Miami, FL, USA
Event Date
22.-23.05.2014
Subject(s)
Division(s)
Eprints ID
234082
File(s)![Thumbnail Image]()
Name
Turber et al-2014 DESRIST-Designing Business Models in the Era of Internet of Things.pdf
Size
311.27 KB
Format
Adobe PDF
Checksum (MD5)
4bfda2f3e91064789149551071482538