Mapping hotspots and emerging trends of business model innovation under networking in Internet of Things

Abstract

Networking in Internet of Things (IoT) has had an immeasurable impact on the existing business models. In this context, exploring the hotspots and trends of business model innovation has become particularly necessary. For the topic literature over the past 20 years retrieved from Science Citation Index and Social Sciences Citation Index databases, scientometrics with information visualization technology was used to carry on the knowledge mapping with the following indicator: the co-cited reference networks, reference bursts, keyword bursts, and keyword co-occurrence networks. The results show (1) "e-commerce," "open source," "performance," "entrepreneurship," etc. are the main hotpots, and "value creation," "open innovation," "small business," "networks," etc. are the new hotpots; (2) the trends of hotspots transited from early "information technology" to later "self-service," "mass customization," and "biotechnology" and to present "cloud manufacturing," "telemedicine," "climate change," and "sustainable development,". etc.; (3) "intelligent robot," "3D printing," and the methodology of business mode innovation may be the future hotspots. This is the first paper visualizing the hotspots and emerging trends of business model innovation specially through scientometrics from a global perspective.

Knowledge growth and development: internet of things (IoT) research, 2006–2018

“…In order to process large-scale documents, we need a tool for software and data visualization technology that is capable of handling large amounts of scientific literature data. VOSviewer is used which has a special function for mining text that can be used to build, visualize and explore bibliometric maps of keywords taken from a large collection of scientific literature that presented in various ways, through keyword repeat mapping, which can provide visualization of results through various bibliometric indicators (Jin and Ji, 2018; Sajovic et al., 2018; Youngblood and Lahti, 2018) by interpreting a mathematic scheme in the linked-circular theme and progressive average year, so that research and trends in certain fields can be more clearly demonstrated. In addition to contributing to the more clearly found portrayals of various fields, an additional qualitative analysis was also conducted to bridge the gap between the IoT and various findings of scientific disciplines related to research content.…”

Hierarchical Modeling of Complex Internet of Things Systems Using Conceptual Modeling Approaches

“…The emergence of IoT has disrupted existing business models. From information technology the trends of hotspot shifted towards cloud manufacturing, self service and mass customization [56]. Internet of Things is attracting ubiquitous environments to evolve according to it.…”

Artificial intelligence and internet of things for sustainable development – emerging technological and social opportunities and threats

“…Results including number of works assigned to the most popular list of topics and the most commonly used engineering controlled terms and keywords compared to full texts analysis, map out sustainable development's areas of AI and IoT deployment: power sector [5,11,19,20], smart city [7,9,11,[21][22][23][24][25][26], architectural design and smart buildings [27][28][29], transportation, tracking systems, traffic congestion and smart roads [7,9,11,13,25], company operations, business development [8,[30][31][32], manufacturing and industrial control [9,10,16,[33][34][35][36], product design and lifecycle [34,37], threat identification systems, earlywarning systems, emergency services, tracking and surveillance [7,9], agriculture [38,39], natural resources management, especially water resources [4,6,7,40], waste management [9][10][11], health...…”

“…The IoT is seen as a megatrend in next-generation technologies with a huge possible impact on economy, society and environment. By using existing internet infrastructure, it realizes human-to-machine, human-to-human, and machine-to-machine communication that integrates various devices and its extend benefits [8,9]. The IoT is an abstraction of limitless objects with unique identities, equipped with some level of Internetaddressable AI and connected to create an ultimate cyber-physical pervasive framework.…”