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Business Models for Interoperable IoT Ecosystems

  • Werner Schladofsky
  • Jelena Mitic
  • Alfred Paul Megner
  • Claudia Simonato
  • Luca Gioppo
  • Dimitris Leonardos
  • Arne Bröring
Conference paper
Part of the Lecture Notes in Computer Science book series (LNCS, volume 10218)

Abstract

The Internet of Things (IoT) is growing and more and more devices, so-called “things”, are being connected every day. IoT platforms provide access to those “things” and make them available for services and applications. Today, a broad range of such IoT platforms exist with differing functional foci, target domains, and interfaces. However, to fully exploit the economic impact of the IoT, it is essential to enable applications to interoperate with the various IoT platforms. The BIG IoT project aims at enabling this interoperability and supporting the creation of vibrant IoT ecosystems, which facilitate the development of cross-platform and cross-domain applications. While the value of interoperability for the overall economy is well understood and cannot be underestimated, some stakeholders may still need to find their business value in interoperable IoT ecosystems. Thus, this paper identifies the different stakeholders of such ecosystems, and analyses how these stakeholders can enhance their existing business models when taking part in an interoperable IoT ecosystem.

Keywords

Internet of Things Ecosystems Business models Interoperability 

Notes

Acknowledgments

This work is financially supported by the project “Bridging the Interoperability Gap” (BIG IoT) funded by the European Commission’s Horizon 2020 research and innovation program under grant agreement No. 688038.

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Copyright information

© Springer International Publishing AG 2017

Authors and Affiliations

  • Werner Schladofsky
    • 1
  • Jelena Mitic
    • 2
  • Alfred Paul Megner
    • 1
  • Claudia Simonato
    • 3
  • Luca Gioppo
    • 3
  • Dimitris Leonardos
    • 4
  • Arne Bröring
    • 2
  1. 1.Atos IT-Solutions and Services GmbHViennaAustria
  2. 2.Siemens AGMunichGermany
  3. 3.CSI-PiemonteTurinItaly
  4. 4.EconaisPatrasGreece

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