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Business Models and the Internet of Things (Extended Abstract)

  • Elgar Fleisch
  • Markus WeinbergerEmail author
  • Felix Wortmann
Conference paper
Part of the Lecture Notes in Computer Science book series (LNCS, volume 9001)

Abstract

In this extended abstract we aim on providing an overview on business models based on the Internet of Things for assisting companies that are currently focused on non-digital industries. In the first section the role of the Internet as an innovation driver for business models is reflected, secondly it is shown how business model patterns from digital industries are becoming relevant to physical industries as well. General business model logic patterns for the Internet of Things are shown and the challenges of implementing such patterns in hybrid business models are addressed.

Keywords

Business Model Patterns Digital Industry Physician Industry High Resolution Management Entire Customer Base 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Notes

Acknowledgements

The Bosch Internet of Things and Services Lab provided major funding to HSG for this project. We thank Prof. Oliver Gassmann, Ass. Prof. Karolin Frankenberger, Kristina Flüchter and Stefanie Turber for invaluable discussions and for their support.

References

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    What is the Internet of Things? An Economic Perspective, Auto-ID Labs White Paper WP-BIZAPP-053, ETZ Zürich & University of St. Gallen, January 2010. http://www.im.ethz.ch/education/HS10/AUTOIDLABS-WP-BIZAPP-53.pdf
  2. 2.
    Fleisch, E., Christ, O., Dierkes, M.: Die betriebswirtschaftliche Vision des Internets der Dinge. In: Fleisch, E., Friedemann, M. (eds.): Das Internet der Dinge, pp. 3–37. Springer, Berlin (2005)Google Scholar
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    Fleisch, E., Weinberger, M., Wortmann, F.: Business Models and the Internet of Things, Whitepaper of the Bosch Internet of Things and Services Lab, a Cooperation of HSG and Bosch (2014). www.iot-lab.ch
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    Gassmann, O., Frankenberger, K., Csik, M.: Geschäftsmodelle entwickeln: 55 innovative Konzepte mit dem St. Galler Business Model Navigator. Hanser Verlag, Munich (2013)CrossRefGoogle Scholar
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    Ries, E.: The lean startup: How Today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses. Crown Business (2011)Google Scholar
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    von Hippel, E.: Lead users. A source of novel product concepts. Manage. Sci. 32, 791–805 (1986)CrossRefGoogle Scholar

Copyright information

© Springer International Publishing Switzerland 2015

Authors and Affiliations

  • Elgar Fleisch
    • 1
  • Markus Weinberger
    • 2
    Email author
  • Felix Wortmann
    • 1
    • 3
  1. 1.ETH Zürich and University of St. GallenZürichSwitzerland
  2. 2.Bosch Software Innovations GmbHZürichSwitzerland
  3. 3.University of St. GallenZürichSwitzerland

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