Business Models and Internet of Things
| Autor: | Anca Vasilescu, Dragos Tohanean |
|---|---|
| Rok vydání: | 2019 |
| Předmět: |
HF5001-6182
Emerging technologies business.industry Digital transformation Information technology 020206 networking & telecommunications Context (language use) Cloud computing 02 engineering and technology General Medicine Business model internet of things Data science Competition (economics) 0202 electrical engineering electronic engineering information engineering Business 020201 artificial intelligence & image processing business models drivenow Digitization |
| Zdroj: | Proceedings of the International Conference on Business Excellence, Vol 13, Iss 1, Pp 1192-1203 (2019) |
| ISSN: | 2558-9652 |
| DOI: | 10.2478/picbe-2019-0105 |
| Popis: | Information technology has massively transformed the world of business over the past fifty years - first individual functional areas within companies (“first wave”), later increasingly also cross-divisional value-added processes and trade (“second wave”). Those companies that recognized the tremendous economic potential of these upheavals and consistently adapted, profited enormously - many others, however, fell dramatically. At the same time, innovative startups emerged that successfully created and occupied new markets. With the Internet of Things (IoT), the third digital wave is currently rolling up. Their impact will be enormous - both for our everyday lives and for many industries that have so far been largely spared the disruptive power of digital transformation. Accordingly, the challenges facing most companies today are: understanding more complex competition, acquiring new digital technologies, making existing offerings smart, developing new services, networking production, efficiently analyzing vast amounts of data, and building viable organizations to push all this forward. The IoT is a driver for digitization. By analyzing machine data, the use of sensors and the intelligent real-time processing of huge amounts of data in the cloud, new business models are created. With the information gained, companies are able to improve their value chain. However, one of the most difficult issues in this context for many companies is how they can further develop their existing business model or establish successful new business models that will be based on new technologies and IoT. To investigate resulting impacts, we draw on the existing business models and deduct specifics for the Internet of Things. Building on this, in order to reach the aims of the paper the authors will use a descriptive research method and a case study in order to present how new business models work with the IoT. |
| Databáze: | OpenAIRE |
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