Work

Unlashing the Next Wave of Business Models in the Internet of Things Era: New Directions for a Research Agenda based on a Systematic Literature Review

Year: 2020

Type: review

Abstract: Pervasive digitization of products and services open additional avenues for the next wave of business model opportunities. Most of firms are aware of the monetization potentials that the Internet of Things has to offer, however, they still struggle to create a compelling value propositions. Despite the attention of both research and practice onto business models and the IoT, only few concepts and research endeavors regarding their intersections exist. This paper tends to unleash the specificity of the business models within the IoT technologies, and motivate new, ecosystem, perspective for upcoming research. Following a rigorous methodology for a comprehensive and systematic literature review, we develop five literature clusters related to the IoT-driven business model research, evaluate and analyze the papers within clusters, and finally identify the gaps and propose directions for future research.

Source: Hawaii International Conference on System Sciences (HICSS)

DOI: 10.24251/hicss.2020.559

Authors: Mirheta Omerovic, Nihal Islam, Peter Buxmann

Institution: Technische Universität Darmstadt

Language: English

Topic: Digital Innovation in Industries

Subfield: Management of Technology and Innovation

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Industry, innovation and infrastructure

Open Access status: bronze

OpenAlex ID: W3004917418