Abstract
Internet of Things (IoT) as a field consists of multiple coexisting and competing products and platforms. IoT business ecosystem represents community of firms interacting with each other as well with the socioeconomic environment. To survive, the firms must cooperate as well as compete by using a common set of resources like hardware, software, platforms, standards that cater to the connectivity of connected devices, applications developed, provisioning services, assurance of quality and billing, etc. This paper analyzes prominent literature, reports, and white papers on the community psychology of members or players in the IoT ecosystem. Some of the key findings in this paper highlight that (i) the firms join the IoT ecosystem community due to their dependency on the ecosystem; (ii) they are motivated to bring in quality of life to the citizens via delivering cost-effective goods and services while focusing on profitable growth; (iii) depending on the role they play in the IoT value chain, their aspirations could differ from each other; and (iv) areas of special attention required around various challenges to ensure IoT ecosystem remain promising to stakeholders.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Agarwal N, Chauhan S, Kar AK, Goyal S (2017) Role of human behaviour attributes in mobile crowd sensing: a systematic literature review. Digit Policy Regul Gov 19(2):168–185. https://doi.org/10.1108/DPRG-05-2016-0023
Antonić A, Marjanović M, Pripužić K, Podnar Žarko I (2016) A mobile crowd sensing ecosystem enabled by CUPUS: cloud-based publish/subscribe middleware for the internet of things. Futur Gener Comput Syst 56:607–622. https://doi.org/10.1016/j.future.2015.08.005
Balestrini M, Diez T, Marshall P, Gluhak A, Rogers Y (2015) IoT community technologies: leaving users to their own devices or orchestration of engagement? EAI Endorsed Transact Internet Things 1(1):150601. https://doi.org/10.4108/eai.26-10-2015.150601
Bandyopadhyay D, Sen J (2011) Internet of things: applications and challenges in technology and standardization. Wirel Pers Commun 58(1):49–69. https://doi.org/10.1007/s11277-011-0288-5
Chauhan S, Agarwal N, Kar AK (2016) Addressing big data challenges in smart cities: a systematic literature review. Info 18(4):73–90. https://doi.org/10.1108/info-03-2016-0012
Coase RH (1937) The nature of the firm. Economica 4(16):386–405. https://doi.org/10.1111/j.1468-0335.1937.tb00002.x
Demirkan H (2013) A smart healthcare systems framework. IT Prof 15(5):38–45. https://doi.org/10.1109/MITP.2013.35
Dewan AM, Yamaguchi Y (2009) Land use and land cover change in Greater Dhaka, Bangladesh: using remote sensing to promote sustainable urbanization. Appl Geogr 29(3):390–401. https://doi.org/10.1016/j.apgeog.2008.12.005
Ericsson Mobility Report November 2017 – Ericsson. (2017, November 7). [SectionStartPage]. Retrieved January 30, 2018, from https://www.ericsson.com/en/mobility-report/reports/november-2017
Estache A, De Rus G (2000) A guide to world resources 2000–20001: people and ecosystems-the fraying web of life. The World Bank
Frosch RA, Gallopoulos NE (1989) Strategies for manufacturing. Sci Am 261(3):144–152
Galateanu E, Avasilcai S (2013) Business ecosystems architecture. Fascicle Manag Technol Eng 22(1):79–84
Grandin T (2006) Perspectives on education from a person on the autism Spectrum. Educ Horiz 84(4):229–234
Iansiti M, Levien R (2004a) Keystones and dominators: framing operating and technology strategy in a business ecosystem. Harvard Business School, Working Paper, pp 3–61
Iansiti M, Levien R (2004b) Strategy as ecology. Harv Bus Rev 82(3):68–81
Joseph N, Kar AK, Ilavarasan PV, Ganesh S (2017) Review of discussions on internet of things (IoT): insights from twitter analytics. J Glob Inf Manag (JGIM) 25(2):38–51
Kandiah G, Gossain S (1998) Reinventing value: the new business ecosystem. Strateg Leadersh 26(5):28–33
Kaufmann MR, Graham RT, Boyce DA, Moir WH, Perry L, Reynolds RT, Bassett RL, Mehlhop P, Edminster CB, Block WM (1994). An ecological basis for ecosystem management. Rocky Mountain Forest and Range Experiment Station Research Paper
Khan R, Khan SU, Zaheer R, Khan S (2012) Future internet: the internet of things architecture, possible applications and key challenges. In: 2012 10th international conference on frontiers of information technology, pp 257–260. https://doi.org/10.1109/FIT.2012.53
Lee I, Lee K (2015) The internet of things (IoT): applications, investments, and challenges for enterprises. Bus Horiz 58(4):431–440. https://doi.org/10.1016/j.bushor.2015.03.008
Leminen S, Rajahonka M, Westerlund M, Siuruainen R (2015) Ecosystem business models for the internet of things. Internet Things Finl:10–13 https://doi.org/10.13140/RG.2.1.4292.1126
Levin SA (1998) Ecosystems and the biosphere as complex adaptive systems. Ecosystems 1(5):431–436. https://doi.org/10.1007/s100219900037
Manyika J, Chui M, Bisson P, Woetzel J, Dobbs R, Bughin J, Aharon D (2015) The internet of things: mapping the value beyond the hype. McKinsey Glob Inst (June):144. https://doi.org/10.1007/978-3-319-05029-4_7
Mazhelis O, Luoma E, Warma H (2012) Defining an Internet-of-things ecosystem. In: Andreev S, Balandin S, Koucheryavy Y (eds) Internet of things, smart spaces, and next generation networking. Lecture notes in computer science, vol 7469. Springer, Berlin/ Heidelberg
Moore JF (1993) Predators and prey: a new ecology of competition. Harv Bus Rev 71(3):75–83
Moore JF (1996) The death of competition: leadership and strategy in the age of business ecosystems. Leadership 297. https://doi.org/10.1017/CBO9781107415324.004
Openshaw E, John Hagel CW (2014) The internet of things ecosystem: unlocking the business value of connected devices. Deloitte
Oxman R (1999) Educating the designerly thinker. Des Stud 20(2):105–122. https://doi.org/10.1016/S0142-694X(98)00029-5
Pang Z, Chen Q, Tian J, Zheng L, Dubrova E (2013) Ecosystem analysis in the design of open platform-based in-home healthcare terminals towards the internet-of-things. In: 2013 15th international conference on advanced communications technology (ICACT), pp 529–534
Papert M, Pflaum A (2017) Development of an ecosystem model for the realization of internet of things (IoT) Services in Supply Chain Management. Electron Mark 27(2):175–189. https://doi.org/10.1007/s12525-017-0251-8
Peltoniemi M (2004) Cluster, value network and business ecosystem: Knowledge and innovation approach. In: Organisations, Innovation and Complexity: New Perspectives on the Knowledge Economy” conference, September (pp. 9–10)
Peltoniemi M, Vuori E. (2008) Business ecosystem as the new approach to complex adaptive business environments adaptive business environments, (July 2008)
Power T, Jerjian G (2001) Ecosystem: Living the 12 principles of networked business. Pearson Education Ltd, London, p 392
Rong K, Hu G, Lin Y, Shi Y, Guo L (2015) Understanding business ecosystem using a 6C framework in internet-of-things-based sectors. Int J Prod Econ 159:41–55. https://doi.org/10.1016/j.ijpe.2014.09.003
Sadiku MNO, Wang Y, Cui S, Musa SM (2017) Industrial internet of things. IJASRE 3(11). Retrieved from http://ijasre.net/abstract.php?article_id=3482
Schleicher JM, Vögler M, Dustdar S, Inzinger C (2016) Enabling a Smart City application ecosystem: requirements and architectural aspects. IEEE Internet Comput 20(2):58–65. https://doi.org/10.1109/MIC.2016.39
Shin D-H, Park YJ (2017) Understanding the internet of things ecosystem: multi-level analysis of users, society, and ecology. Digit Policy Regul Gov 19(1):77–100. https://doi.org/10.1108/DPRG-07-2016-0035
Subramani M (2004) How do suppliers benefit from information technology use in supply chain relationships? MIS Q:45–73
Westerlund M, Leminen S, Rajahonka M (2014) Designing business models for the internet of things. Technol Innov Manage Rev 4(7):5–14. https://doi.org/10.1007/978-3-642-19157-2
Wiesenfeld E (1996) The concept of “we”: a community social psychology myth? J Community Psychol 24(4):337–346. https://doi.org/10.1002/(SICI)1520-6629(199610)24:4<337::AID-JCOP4>3.0.CO;2-R
Williamson OE (1973) Markets and hierarchies: some elementary considerations. Am Econ Rev 63(2):316–325
Williamson OE (1981) The economics of organization: the transaction cost approach. Am J Sociol 87(3):548–577
Williamson OE (1998) Transaction cost economics: how it works; where it is headed. De Economist 146(1):23–58. https://doi.org/10.1023/A:1003263908567
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2018 Springer International Publishing AG, part of Springer Nature
About this chapter
Cite this chapter
Kar, S., Chakravorty, B., Sinha, S., Gupta, M.P. (2018). Analysis of Stakeholders Within IoT Ecosystem. In: Kar, A., Sinha, S., Gupta, M. (eds) Digital India. Advances in Theory and Practice of Emerging Markets. Springer, Cham. https://doi.org/10.1007/978-3-319-78378-9_15
Download citation
DOI: https://doi.org/10.1007/978-3-319-78378-9_15
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-319-78377-2
Online ISBN: 978-3-319-78378-9
eBook Packages: Business and ManagementBusiness and Management (R0)