Business Models for the Internet of Things Environment

Glova, Jozef; Sabol, Tomáš; Vajda, Viliam

doi:10.1016/s2212-5671(14)00566-8

Cited by 82 publications

(33 citation statements)

References 7 publications

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“…The existing economic literature investigating IoT and smart products primarily focuses on research questions in the fields of management [21]- [26], transportation [27], supply chain management [28], market competition [2], new business models [29], consumers' attitudes toward autonomously acting products [30], the organizational structure of companies [31], production planning and control [32], privacy and secrecy [33], wearable devices [34], smart home, and ambient assisted living [35], just to name a few. From the perspective of marketing management, IoT products are of particular interest due to two new elementary functionalities we refer to as "product analytics" and "remote access" (see Figure 2).…”

Section: The Internet Of Things In Marketing Managementmentioning

confidence: 99%

Marketing Management for Consumer Products in the Era of the Internet of Things

Decker¹,

Stummer²

2017

AIT

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In the Internet of Things (IoT) consumer products like coffee machines and smoke detectors are connected with the Internet, which effectively expands the Internet to the physical world. Such products have the ability to collect and share data from the user's environment and, thus, their broad emergence will affect well-established concepts presented in the extant marketing literature. In order to provide a distinct contribution, we focus on customer relationship management, product life cycle management, as well as business model development and discuss implications of the enhanced capabilities of IoT products in these fields. By means of an extensive analysis of current developments in theory and practice, we systematically deduce ten research propositions. The paper concludes with a synthesis of findings and an outlook to promising directions for further research in IoT-oriented marketing management.

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Section: The Internet Of Things In Marketing Managementmentioning

confidence: 99%

Marketing Management for Consumer Products in the Era of the Internet of Things

Decker¹,

Stummer²

2017

AIT

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“…This approach can align specifying inter-organizational business processes for future work [34]. Glova J et al (2014) apply e 3 -value to model value creation and value exchange within an e-business network of multiple business actors. And author use this approach to reduced to its core elements which includes value proposition, distribution channels, the customer of the company, and to explaining how a multi-actor network creates, distributes and consumes value by production of a good or providing a service [35].…”

Section: E 3 -Value E-business Modelmentioning

confidence: 99%

A Literature Review of Representation Models of E-Business Models from the Perspective of Value Creation

Guo¹

2016

AJIBM

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Business model is abstract rational cognition about how corporation created, delivered and obtained value and is the enterprise's core competitive advantages from the perspective of value creation. This article found that research perspective of representation models of e-commerce business model mostly concentrated on value creation perspective and there are two categories: EBMO and e 3 -value Model. We respectively discuss the two categories in order to make better understanding of the current development in e-commerce business model research.

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“…The IoT platforms aim to integrated Information Technologies like Big Data and Data Mining for improving the systems' performance [43]. Some challenges and difficulties of Big Data's role in the Smart Cities are shown below:…”

Section: Information Transmission In Big Datamentioning

confidence: 99%