Skip to main content

Business Models for Interoperable IoT Ecosystems

Part of the Lecture Notes in Computer Science book series (LNISA,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

This is a preview of subscription content, access via your institution.

Buying options

Chapter
USD   29.95
Price excludes VAT (USA)
  • DOI: 10.1007/978-3-319-56877-5_6
  • Chapter length: 16 pages
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
eBook
USD   44.99
Price excludes VAT (USA)
  • ISBN: 978-3-319-56877-5
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
Softcover Book
USD   59.99
Price excludes VAT (USA)
Fig. 1.

(Icons by Freepik from http://www.flaticon.com)

Fig. 2.

(Icons by Freepik from http://www.flaticon.com)

Fig. 3.
Fig. 4.
Fig. 5.

Notes

  1. 1.

    http://big-iot.eu.

  2. 2.

    http://iot-epi.eu/.

  3. 3.

    https://www.thingworx.com.

  4. 4.

    https://aws.amazon.com/iot.

  5. 5.

    http://www.xively.com.

References

  1. Gershenfeld, N., Krikorian, R., Cohen, D.: The Internet of Things. Sci. Am. 291, 76–81 (2004)

    CrossRef  Google Scholar 

  2. Gartner: Gartner says the Internet of Things installed base will grow to 26 Billion units by 2020 (2013). http://www.gartner.com/newsroom/id/2636073

  3. Manyika, J., Chui, M., Bisson, P., Woetzel, J., Dobbs, R., Bughin, J., Aharon, D.: The Internet of Things: Mapping the Value Beyond the Hype. McKinsey Global Institute (2015)

    Google Scholar 

  4. Bröring, A., Schmid, S., Schindhelm, C.-K., Khelil, A., Kaebisch, S., Kramer, D., Le Phuoc, D., Mitic, J., Anicic, D., Teniente, E.: Enabling IoT ecosystems through platform interoperability. IEEE Softw. 34(1), 54–61 (2017)

    CrossRef  Google Scholar 

  5. James, R.: The internet of things: a study in hype, reality, disruption, and Growth. Raymond James US Research, Technology & Communications, Industry Report (2014)

    Google Scholar 

  6. Fleisch, E., Weinberger, M., Wortmann, F.: Business models and the internet of things. In: Interoperability and Open-Source Solutions for the Internet of Things, pp. 6–10. Springer (2015)

    Google Scholar 

  7. Gassmann, O., Karolin, F., Michaela, C.: The St. Gallen business model navigator. ITEM-HSG, St. Gallen (2013)

    Google Scholar 

  8. Vermesan, O., Bahr, R.,Gluhak, A., Boesenberg, F., Hoeer, A., Osella, M.: IoT business models framework. Unify-IoT Project (2016)

    Google Scholar 

  9. List Of 360 + IoT Platform Companies. IoT Analytics (2016). https://iot-analytics.com/product/list-of-360-iot-platform-companies/

  10. Swetina, J., Lu, G., Jacobs, P., Ennesser, F., Song, J.: Toward a standardized common M2M service layer platform: Introduction to oneM2M. IEEE Wirel. Commun. 21, 20–26 (2014)

    CrossRef  Google Scholar 

  11. Open Mobile Alliance. Lightweight Machine to Machine Technical Specification, Candidate (2015)

    Google Scholar 

  12. Allee, V.: What is ValueNet works analysis?. In: ValueNet Works Fieldbook (2006)

    Google Scholar 

  13. Osterwalder, A., Pigneur, Y., Bernarda, G., Smith, A.: Value Proposition Design: How to Create Products and Services Customers Want. Wiley, New York (2014)

    Google Scholar 

  14. IoT market segments – biggest opportunities in industrial manufacturing. IoT Analytics (2016). https://iot-analytics.com/iot-market-segments-analysis/

Download references

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.

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Werner Schladofsky .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and Permissions

Copyright information

© 2017 Springer International Publishing AG

About this paper

Cite this paper

Schladofsky, W. et al. (2017). Business Models for Interoperable IoT Ecosystems. In: Podnar Žarko, I., Broering, A., Soursos, S., Serrano, M. (eds) Interoperability and Open-Source Solutions for the Internet of Things. InterOSS-IoT 2016. Lecture Notes in Computer Science(), vol 10218. Springer, Cham. https://doi.org/10.1007/978-3-319-56877-5_6

Download citation

  • DOI: https://doi.org/10.1007/978-3-319-56877-5_6

  • Published:

  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-56876-8

  • Online ISBN: 978-3-319-56877-5

  • eBook Packages: Computer ScienceComputer Science (R0)