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Conference on Internet of Things and Smart Spaces

International Conference on Next Generation Wired/Wireless Networking

ruSMART 2012, NEW2AN 2012: Internet of Things, Smart Spaces, and Next Generation Networking pp 15–26Cite as

Towards IOT Ecosystems and Business Models

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Part of the book series: Lecture Notes in Computer Science ((LNCCN,volume 7469))

Abstract

The recent discourse on IOT (Internet of Things) has emphasized technology and different technology layers. Currently, there is a pressing need for research into the emerging IOT ecosystems from the business perspective. This is due to their promise to create new business models, improve business processes, and reduce costs and risks. However, the existing literature lacks understanding and empirical research on what IOT business models are and how they are connected to the underlying ecosystem. We focus on this critical research gap by studying business models in the IOT ecosystem context. In the study, we construct a framework for analyzing different types of IOT business models. Furthermore, we use case examples from the automotive industry in explaining how these models are employed in connection with ecosystems. The study concludes by giving suggestions to business model developers and researchers.

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Author information

Authors and Affiliations

  1. Laurea University of Applied Sciences, Espoo, Finland

    Seppo Leminen & Riikka Siuruainen

  2. Department of Marketing, Aalto University School of Economics, Helsinki, Finland

    Seppo Leminen & Mika Westerlund

  3. Haas School of Business, University of California Berkeley, USA

    Mika Westerlund

  4. Department of Information and Service Economy, Aalto University School of Economics, Finland

    Mervi Rajahonka

Authors
  1. Seppo Leminen
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  2. Mika Westerlund
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  3. Mervi Rajahonka
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  4. Riikka Siuruainen
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Editor information

Editors and Affiliations

  1. Department of Communications Engineering, Tampere University of Technology (TUT), Korkeakoulunkatu 1, 33720, Tampere, Finland

    Sergey Andreev

  2. FRUCT Oy, Kissankellontie 20B, 00930, Helsinki, Finland

    Sergey Balandin

  3. Department of Communications Engineering, Tampere University of Technology, Korkeakoulunkatu 1, 33720, Tampere, Finland

    Yevgeni Koucheryavy

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© 2012 Springer-Verlag Berlin Heidelberg

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Leminen, S., Westerlund, M., Rajahonka, M., Siuruainen, R. (2012). Towards IOT Ecosystems and Business Models. In: Andreev, S., Balandin, S., Koucheryavy, Y. (eds) Internet of Things, Smart Spaces, and Next Generation Networking. ruSMART NEW2AN 2012 2012. Lecture Notes in Computer Science, vol 7469. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-32686-8_2

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  • DOI: https://doi.org/10.1007/978-3-642-32686-8_2

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-32685-1

  • Online ISBN: 978-3-642-32686-8

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