Capabilities for the internet of things enabled product-service system business models

Karttunen, Elina; Pynnönen, Mikko; Treves, Luke; Hallikas, Jukka

doi:10.1080/09537325.2021.2012143

Cited by 8 publications

(5 citation statements)

References 56 publications

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“…The energy sector plays a key role towards sustainability goals and the residential sector is called upon to contribute. The literature has placed attention on the contributions that digital technologies can make (Karttunen et al, 2021;Ullah et al, 2021) and the future direction of research is to combine these two strategic aspects: sustainability and digitization.…”

Section: Discussion and Managerial Implicationsmentioning

confidence: 99%

“…The literature places attention on the relationship between business models and the most common capabilities when developing Internet of Things (IoT)-based PSS referred to several sectors, including also the energy one (Karttunen et al, 2021). In fact, the energy management (EM) is called not only to identify solutions related to the implementation of green plants in residential sector but also to energy efficiency models in which both Artificial Intelligence (AI) (Yigitcanlar et al, 2021) and Cyber-Physical System (CPS) (Morella et al, 2020) can play a key role towards the efficiency of resources.…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Industry 4.0 Driven Result-oriented PSS: An Assessment in the Energy Management

Sassanelli

Arriga²,

Zanin³

et al. 2022

IJEEP

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Sustainability is a current challenge and all sectors, including the buildings one, are being called upon to provide a solution to mitigate climate change. The state of the art of energy management using ICT technology in building systems industry is characterized by a traditional monitoring approach which could assess the energy consumption of the building but that cannot manage and act the required action to improve the energy management according to a demand side approach. The aim of this paper is to overcome this traditional monitoring approach, presenting Simon, a new model proposed by Evogy, enabling a result-oriented Product Service System (PSS) for buildings through Cyber-Physical Systems, Artificial Intelligence, and Internet of Things adoption. The main findings highlight the benefits associated with the Simon model by virtue of digital-based predictive maintenance on the real system. In addition, its adoption allows the PSS provider to aggregate energy demand from the plethora of buildings and, according to digital technologies, not only monitor consumption but also implement equipment. Finally, the application case highlights the benefits are different and thus stands as a best practice for combining sustainability and digitization.

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Section: Discussion and Managerial Implicationsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Industry 4.0 Driven Result-oriented PSS: An Assessment in the Energy Management

Sassanelli

Arriga²,

Zanin³

et al. 2022

IJEEP

View full text Add to dashboard Cite

show abstract

“…Within the context of Industry 4.0, the Internet of Things (IoT) emerges as a highly promising paradigm for bolstering product quality and safety [46]. IoT achieves this by enabling a heightened level of oversight and control over logistical operations [47][48][49][50][51], thereby fostering improvements in supply chain sustainability [47,52,53].…”

Section: Internet Of Thingsmentioning

confidence: 99%

“…Moreover, IoT implementation in agricultural supply chains places a significant emphasis on security requirements due to the potential risks associated with cyber-attacks and data breaches [50,88]. Security concerns in the agricultural sector extend to three key aspects: authentication, privacy, and access control [49,89]. Research by Zhao [90] introduced a custom encapsulation mechanism known as the smart business security IoT implementation protocol, which employs cross-platform communications, encryption, digital signatures, and authentication to establish a secure communication system among various entities in the agricultural supply chain.…”

Section: Iot Deployment Requirementsmentioning

confidence: 99%

Modelling Factors Influencing IoT Adoption: With a Focus on Agricultural Logistics Operations

Rajabzadeh,

Fatorachian

2023

Smart Cities

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Purpose- In recent years, there has been a notable surge in the utilization of emerging technologies, notably the Internet of Things (IoT), within the realm of business operations. However, empirical evidence has underscored a disconcerting trend whereby a substantial majority, surpassing 70%, of IoT adoption initiatives falter when confronted with the rigors of real-world implementation. Given the profound implications of IoT in augmenting product quality, this study endeavors to scrutinize the extant body of knowledge concerning IoT integration within the domain of agricultural logistics operations. Furthermore, it aims to discern the pivotal determinants that exert influence over the successful assimilation of IoT within business operations, with particular emphasis on logistics. Design/Methodology/Approach- The research utilizes a thorough systematic review methodology coupled with a meta-synthesis approach. In order to identify and clarify the key factors that influence IoT implementation in logistics operations, the study is grounded in the Resource-Based View theory. It employs rigorous grounded theory coding procedures, supported by the analytical capabilities of MAXQDA software. Findings- The culmination of the meta-synthesis endeavor culminates in the conceptual representation of IoT adoption within the agricultural logistics domain. This representation is underpinned by the identification of three overarching macro categories/constructs, namely: (1) IoT Technology Adoption, encompassing facets such as IoT implementation requisites, ancillary technologies essential for IoT integration, impediments encountered in IoT implementation, and the multifaceted factors that influence IoT adoption; (2) IoT-Driven Logistics Management, encompassing IoT-based warehousing practices, governance-related considerations, and the environmental parameters entailed in IoT-enabled logistics; and (3) the Prospective Gains Encompassing IoT Deployment, incorporating the financial, economic, operational, and sociocultural ramifications ensuing from IoT integration. The findings underscore the imperative of comprehensively addressing these factors for the successful assimilation of IoT within agricultural logistics processes. Originality- The originality of this research study lies in its pioneering effort to proffer a conceptual framework that furnishes a comprehensive panorama of the determinants that underpin IoT adoption, thereby ensuring its efficacious implementation within the ambit of agricultural logistics operations. Practical Implications- The developed framework, by bestowing upon stakeholders an incisive comprehension of the multifaceted factors that steer IoT adoption, holds the potential to streamline the IoT integration process. Moreover, it affords an avenue for harnessing the full spectrum of IoT-derived benefits within the intricate milieu of agricultural logistics operations.

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“…As the number of these assets is high and their nature is often capital intensive, they are usually controlled by a few industry-specific players making their mobility less dynamic than in B2C markets. Still, the potential upside is the emergence of sensors and Internet of Things (IoT) technology, which allows for greater connectivity to industrial assets and opens the door to the creation of platform ecosystems in B2B markets (Karttunen et al, 2021;Pushpananthan and Elmquist, 2022).…”

Section: Platforms Ecosystems and Business Model Innovation In B2b Ma...mentioning

confidence: 99%

Platformizers, Orchestrators, and Guardians: Three Types of B2B Platform Business Models

Ritala

Jovanovic

2023

SSRN Journal

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Capabilities for the internet of things enabled product-service system business models

Cited by 8 publications

References 56 publications

Industry 4.0 Driven Result-oriented PSS: An Assessment in the Energy Management

Industry 4.0 Driven Result-oriented PSS: An Assessment in the Energy Management

Modelling Factors Influencing IoT Adoption: With a Focus on Agricultural Logistics Operations

Platformizers, Orchestrators, and Guardians: Three Types of B2B Platform Business Models

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