Data Analysis Services Related to the IoT and Big Data:  Potential Business Opportunities for Third Parties

Durkin, Barbara J.; Lokshina, Izabella; Lanting, Cees J. M.

doi:10.24251/hicss.2017.533

Cited by 5 publications

(10 citation statements)

References 11 publications

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“…From jet engines bolted on airliners to pacemakers embedded in hearts, the increasingly interconnection of devices around us means that we can see our world in completely new ways. Ultimately, this empowers innovation that's not only data-driven but could also be human-centric (Lokshina et al, 2017).…”

Section: Generation Of Data and Value In The Context Of Iot And Big Datamentioning

confidence: 99%

“…The example of a commercial airliner provides a scenario for understanding how IoT data is collected and information is generated (Lokshina et al, 2017).…”

Section: Generation Of Data and Value In The Context Of Iot And Big Datamentioning

confidence: 99%

“…Generation of data and value for Big Data involves multiple distinct phases, each of which introduces challenges (Lokshina et al, 2017). Many people unfortunately focus just on the analysis/ modeling phase.…”

Section: Primary Challenges and Appropriate Solutionsmentioning

confidence: 99%

“…The privacy of data is another significant concern and one that increases in the context of Big Data (Lokshina et al, 2017). For electronic health records, there are strict laws governing what can and cannot be done.…”

Section: Remaining Concerns To Addressmentioning

confidence: 99%

“…However, not every business model may support opportunities that generate revenue or value or are suitable for different types of customers. Other business models should also be considered (Lokshina et al, 2017).…”

Section: Introductionmentioning

confidence: 99%

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Data Analysis Services Related to the IoT and Big Data

Lokshina

Durkin

Lanting³

2017

International Journal of Interdisciplinary Telecommunications and Networking

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The Internet of Things (IoT) provides the tools for the development of a major, global data-driven ecosystem. When accessible to people and businesses, this information can make every area of life, including business, more data-driven. In this ecosystem, with its emphasis on Big Data, there has been a focus on building business models for the provision of services, the so-called Internet of Services (IoS). These models assume the existence and development of the necessary IoT measurement and control instruments, communications infrastructure, and easy access to the data collected and information generated by any party. Different business models may support opportunities that generate revenue and value for various types of customers. This paper contributes to the literature by considering business models and opportunities for third-party data analysis services and discusses access to information generated by third parties in relation to Big Data techniques and potential opportunities.

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Section: Generation Of Data and Value In The Context Of Iot And Big Datamentioning

confidence: 99%

“…The example of a commercial airliner provides a scenario for understanding how IoT data is collected and information is generated (Lokshina et al, 2017).…”

Section: Generation Of Data and Value In The Context Of Iot And Big Datamentioning

confidence: 99%

Section: Primary Challenges and Appropriate Solutionsmentioning

confidence: 99%

Section: Remaining Concerns To Addressmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations