Advertisement

Smart Wearable Multi-sided Fashion Product Platforms

  • Sergey YablonskyEmail author
Conference paper
Part of the Lecture Notes in Electrical Engineering book series (LNEE, volume 413)

Abstract

This paper reports on a study of the taxonomy of innovations for wearable products and services. The analysis and discussion lead to a multidimensional framework of innovations, with a particular emphasis on a technology stack, business models, products, services, and platform innovations. We argue that the multi-sided platform might possibly be a successful business model for the adoption of IOT wearable products. We develop IOT-wearable, business-model pattern and the general definition of the IOT- Wearable, Multi-sided Platform. The research contains guidelines to help practitioners and policy makers develop platform-enabled wearable, innovation strategies through the consideration of various levels of wearable business models and MSP strategy. It offers a relevant source of ideas and guidance for anyone interested in research and practice related to rethinking wearable-fashion, product and service innovation.

Keywords

IoT Internet of things Wearable Business models Multi-sided platforms 

References

  1. 451 Research (2015) 451 research explaining the internet of things ecosystem and taxonomy. https://451research.com/images/Marketing/IoT/IoT_Taxonomy_12.1.15.pdf. Accessed 25 Mar 2016
  2. Armstrong M (2006) Competition in two‐sided markets. RAND J Econ 37(3)Google Scholar
  3. Bilgeri D, Brandt V, Lang M, Tesch J, Weinberger M (2015) The IoT business model builder. A White Paper of the Bosch IoT Lab in collaboration with Bosch Software Innovations GmbHGoogle Scholar
  4. Boudreau K, Hagiu A (2008) Platform rules: multi-sided platforms as regulators. Available at SSRN 1269966Google Scholar
  5. Bouwman H, De Reuver M, Solaimani S, Daas D, Haaker T, Novay, Janssen W, Iske P, Walenkamp (2012) Business models tooling and a research Agenda. In: 25th Bled eConference Special Issue, Bled, SloveniaGoogle Scholar
  6. Bosch (2015) https://www.bosch-si.com. Accessed 25 Mar 2016
  7. Chana M, Estèvea D, Fourniolsa J, Escribaa C, Campoa E (2012) Smart wearable systems: current status and future challenges. Artif Intell Med 56Google Scholar
  8. Choudary S (2015) Platform scale: how an emerging business model helps startups build large empires with minimum investment. Platform Thinking LabsGoogle Scholar
  9. Díaz M, Martín C, Rubio B (2016) State-of-the-art, challenges, and open issues in the integration of Internet of things and cloud computing. J Netw Comput Appl. 25 Jan 2016Google Scholar
  10. Dijkmana R, Sprenkelsa B, Peetersa T, Janssen A (2015) Business models for the internet of things. Int J Inf Manage 35:672–678CrossRefGoogle Scholar
  11. Eisenmann T (2007) Platform-mediated networks: definitions and core concepts. Harvard Business School, HBS: 807–049Google Scholar
  12. Eisenmann T, Parker G, Van Alstyne M (2011) Platform envelopment. Strateg Manag J 32(12)Google Scholar
  13. Eisenmann T, Parker G, Van Alstyne M (2006) Strategies for two-sided markets. Harvard Bus Rev 84(10):92–101Google Scholar
  14. Evans DS, Schmalensee R (2002) Some economic aspects of antitrust analysis in dynamically competitive industries. In: Innovation policy and the economy, vol 2. MIT PressGoogle Scholar
  15. Evans DS (2013) Economics of vertical restraints for multi-sided platforms. University of Chicago Institute for Law & Economics Olin, Research Paper No. 626Google Scholar
  16. Fleisch (2010) What is the internet of things? An economic perspective, Auto‐ID Labs White Paper WPBIZAPP‐053, ETZ Zürich & University of St. Gallen, January 2010. http://www.im.ethz.ch/education/HS10/AUTOIDLABS‐WP‐BIZAPP‐53.pdf
  17. Fleisch E, Weinberger M, Wortmann F (2014) Business models and the internet of things, Bosch IoT Lab Whitepaper. http://www.IoT-lab.ch/?page_id=10543). Accessed 25 Mar 2016
  18. Chan H (2015) Internet of things business models. J Serv Sci Manage 8Google Scholar
  19. Gartner (2014) Gartner says the internet of things will transform the data center. http://www.gartner.com/newsroom/id/2684616. Accessed 25 Mar 2016
  20. Gartner (2015) Research guide: the top 10 strategic technology trends for 2015. http://www.gartner.com/doc/2966917?refval=&pcp=mpe. Accessed 25 Mar 2016
  21. Gartner (2016a) Building the digital platform: the 2016 CIO Agenda, Gartner 2016 CIO agenda survey, http://www.gartner.com/technology/cio-trends/cio-agenda/. Accessed 25 Mar 2016
  22. Gartner, Jones N (2016b) Technologies, architectures & vendors for the internet of things. Gartner webinarGoogle Scholar
  23. Gartner, Cearley D (2016c) The gartner top 10 strategic technology trends for 2016. Gartner webinarGoogle Scholar
  24. GE (2015) GE 2015. Annual ReportGoogle Scholar
  25. Google (2015) https://cloud.google.com/solutions/IoT/. Accessed 25 Mar 2016
  26. Gassmann O, Frankenberger KK, Csik MM (2015) The business model navigator: 55 models that will revolutionise your business. FT Press, 400 pGoogle Scholar
  27. Green J, McCarson B, Devine M (2014) Building the internet of things. https://daue6ehqissah.cloudfront.net/breakouts/2014/H-ARC-01_Cisco-Intel-IBM_FINAL.pdf. Accessed 25 Mar 2016
  28. Hagiu A (2006) Pricing and commitment by two-sided platforms. RAND J Econ 37(3)Google Scholar
  29. Hagiu A, Wright J (2015) Multi-sided platforms. Int J Ind OrgGoogle Scholar
  30. Hao Y, Helo P (2015, in press) The role of wearable devices in meeting the needs of cloud manufacturing: a case study. Rob Comput Integr Manuf.Accessed 29 Oct 2015Google Scholar
  31. Hui G (2014) How the internet of things changes business models. Harv Bus RevGoogle Scholar
  32. Hussain M, Al-Haiqi F, Zaidan A, Zaidan B, Kiah V, Anuar N, Abdulnabi M (2015) The land-scape of research on smartphone medical apps: Coherent taxonomy, motivations, open challenges and recommendations. Comput Methods Programs Biomed 122(3):393–408CrossRefGoogle Scholar
  33. IBM (2015) IBM Watson internet of things (IoT). http://www.ibm.com/internet-of-things/. Accessed 29 Oct 2015
  34. IDC (2015) IDC’s worldwide internet of things taxonomy. https://www.idc.com/getdoc.jsp?containerId=256186. Accessed 25 Mar 2016
  35. IEEE (2015) IEEE‐SA internet of things (IoT) ecosystem study’. http://standards.ieee.org/innovate/IoT/. Accessed 25 Mar 2016
  36. Jullien B (2005) Two-sided markets and electronic intermediaries. CESifo Econ Stud 51(2–3):233–260Google Scholar
  37. Lee I, Lee K (2015) The Internet of Things (IoT): Applications, investments, and challenges for enterprises. Bus Horiz 58(4):431–440CrossRefGoogle Scholar
  38. Industrie (2013) Recommendations for implementing the strategic initiative INDUSTRIE 4.0, Final report of the Industrie 4.0 Working Group, http://www.acatech.de/fileadmin/user_upload/Baumstruktur_nach_Website/Acatech/root/de/Material_fuer_Sonderseiten/Industrie_4.0/Final_report/Industrie_4.0_accessible.pdf. Accessed 25 Mar 2016
  39. Experton (2016) Experton industry 4.0/internet of things vendor benchmark 2016. https://www.bosch-si.com/media/en/bosch_software_innovations/documents/white_paper/manufacturing_3/experton_group_industry_4_0_IoT_benchmark_2016.pdf. Accessed 25 Mar 2016
  40. Puustjärvi J, Puustjärvi L (2015) The role of smart data in smart home: health monitoring case. Proc Comput Sci 69:143–151CrossRefGoogle Scholar
  41. LexInnova (2015) Wearable technology. http://www.lex-innova.com/resources-reports/. Accessed 25 Mar 2016
  42. MacGillivray C, Turner V, Kraus B, Kumar M (2015) IDC’s worldwide internet of things taxonomy, 12 pGoogle Scholar
  43. MacKinnon R, Hickok E, Bar A, Lim H (2015) Fostering freedom online. The role of internet intermediaries, A report prepared for UNESCO’s Division for Freedom of Expression and Media Development. http://unesdoc.unesco.org/images/0023/002311/231162e.pdf. Accessed 25 Mar 2016
  44. Microsoft (2015) https://azure.microsoft.com/en-us/services/IoT-hub/. Accessed 25 Mar 2016. Miorandia D, Sicarib S, De Pellegrinia F, Chlamtaca I (2015) Internet of things: vision, applications and research challenges. Ad Hoc Netw 33(10):87–111
  45. OECD (2010) The economic and social role of internet intermediaries (Paper No. 171). OECD digital economyGoogle Scholar
  46. Osterwalder A (2004) The business model ontology—a proposition in a design science approach, PhD thesis. University of Lausanne, Ecole des Hautes Etudes Commerciales HECGoogle Scholar
  47. Osterwalder A, Pigneur I (2010) Business model generation: a handbook for visionaries, game changers, and challengers. WileyGoogle Scholar
  48. Parker G, Van Alstyne M, Choudary S (2016a) Platform revolution: how networked markets are transforming the economy and how to make them work for you. W. W. Norton & CompanyGoogle Scholar
  49. Parker G, Van Alstyne M, Choudary S (2016b) Pipelines, platforms, and the new rules of strategy. Harv Bus Rev 94(4)Google Scholar
  50. Peitz M, Waldfogel J (2012) The Oxford handbook of the digital economy. Oxford University. Poli R, Healy M, Kameas A (2010) Theory and applications of ontology: computer applications set: theory and applications of ontology, vol XVIII, 576 p. Springer. Porter M (2001) Strategy and the internet. Harv Bus Rev 79(3)Google Scholar
  51. Porter M, Heppelmann J (2014) How smart, connected products are transforming competition. Harv Bus Rev 92(11)Google Scholar
  52. Shapiro C, Varian H (1999) Information Rules. Harvard Business School Press, BostonGoogle Scholar
  53. Stock T, Seliger G (2016) Opportunities of sustainable manufacturing in industry 4.0, Procedia CIRP, Volume 40, 2016, pp 536–541Google Scholar
  54. Timmers P (1998) Business models for electronic markets. Electron Mark 8(2):3–8. Tiwana A (2014) Platform ecosystems: aligning architecture, governance, and strategy. Morgan Kaufmann PublishersGoogle Scholar
  55. Teece D (2010) Business models, business strategy and innovation. Long Range Plan 43(2)Google Scholar
  56. Ugur S (2013) Wearing embodied emotions: a practice based design research on wearable technology. Springer, 112 pGoogle Scholar
  57. Weill P, Woerner S (2015) Thriving in an increasingly digital ecosystem. MIT Sloan Manage Rev 56(4)Google Scholar
  58. Y.2060 (2012) Y.2060: overview of the internet of things, recommendation Y.2060 (06/12). https://www.itu.int/rec/T-REC-Y.2060-201206-I. Accessed 25 Mar 2016
  59. Yablonsky S (2014) E-finance innovation services in Russia. Int J Bus Innov Res (IJBIR) 8(5)Google Scholar
  60. Yablonsky S (2016a) Multi-sided search platforms: global and local. Int J Technol Mark (IJTMKT) 11(3)Google Scholar
  61. Yablonsky S (2016b) Intermediaries in E-Commerce, In: In Lee (ed.) Encyclopedia of E- Commerce Development, Implementation, and Management, Volume I, IGI GlobalGoogle Scholar

Copyright information

© Springer International Publishing AG 2017

Authors and Affiliations

  1. 1.Graduate School of ManagementSt. Petersburg UniversitySt. PetersburgRussia

Personalised recommendations