Exploring the Digital Business Ecosystem of Internet of Things in Emerging Economies with a focus on the role of pseudo-private companies

Abstract

The Internet of Things (IoT) is one of the emerging drivers of the economy that transforms the business landscape and forms of collaboration and value creation. In this study, we performed a Delphi-based study to explore the digital business ecosystem (DBE) of IoT in emerging economies, focusing on power dynamics among actors, the processes of value co-creation, topologies, and critical success factors affecting the health of the ecosystem. We conducted two panels of a three-round Delphi study from 2017 through 2019 among Iranian IoT experts. This study identifies two types of the digital business ecosystems surrounding IoT in Iran. One type comprises only pseudo-private companies that have strong interactions with government organizations and state-owned banks. The other type of digital business ecosystem surrounding IoT technology comprises start-ups and private small and medium companies that have no interaction with pseudo-private companies. The interaction of start-ups and Small Medium Enterprises (SMEs) is mainly with universities. The study shows that pseudo-private companies play a dominant role in the Business to Business (B2B) and Business to Government (B2G) markets while SMEs and start-ups have a dominant role in the B2C market and promote creativity and innovation in the Business to Customer (B2C) market. This study extends the literature on digital business ecosystems with a focus on the health of the DBEs of IoT technologies and the potential for future innovation in the digital economy.

Uptake of Internet of Things by SMEs in digital era in emerging economies: A systematic literature review

“…The current study demonstrates the lack of interest among IoT SMEs and start-ups in developing meaningful interactive and engaging social communities around IoT products. As a result, the chances that SMEs and start-ups will be able to extract value have been reduced and IoT products and services are not customized based on the perspectives of the consumers (Saheb & Mamaghani, 2021). Therefore, SMEs should promote its uptake and usage by various stakeholders in the whole ecosystem of digital age.…”

“…A lot of SMEs actually face difficulties in achieving those plans due to the fact that most SMEs do not have financial resources to invest in new technologies and to change the range offered to the customers (Türkeș, Oncioiu, Aslam, Marin,Topor, & Căpușneanu, 2019), and is therefore leading to low usage and uptake of such technologies. The IoT ecosystem in emerging economies is still in its early stages, and since funding and budget are very limited, the IoT products are "a fixed set of features," and SMEs and start-ups cannot offer highly customized products (Saheb & Mamaghani, 2021).…”

What Are the Topics That Business Ecosystems Navigate? Updating of Scientific Activity and Future Research Agenda

“…Engineering is in fourth place, with 23 documents [9,35,48,62,72]. Decision sciences and energy register 18 manuscripts each and these occupy the fifth and sixth places [20,52,[73][74][75]. Environmental science is in seventh place, with 17 publications [8,10,18,19].…”

“…Ecosystem of the Internet of Things: This is a motor theme and the studies on this subject deal with how the Internet of Things facilitates a better presence and control of the activities and budgets of a company with the help of the incorporation of software programs, machine sensors, computer systems and data storage [30,32,36,75].…”

O impacto da inovação no comportamento do consumidor de instituições financeiras

“…Os autores utilizam o modelo "Arrow-Bilir-Sorensen" proposto por (Arrow, et al, 2017) para avaliar a propensão que os consumidores usam IA. Já (Saheb, et al, 2021) Por fim, em "Inovação nas estratégias", (Rashid, et al, 2020)…”