Internet of Things/Internet of Services economies: generating social and economic value with interactive environments

Paul Manwaring and Dré Kampfraath

Chapter 7 in Framing the Economy of the Future, 2024, pp 191-235 from Edward Elgar Publishing

Abstract: This chapter discusses the Internet of Things (IoT) Internet of Things (IOT)and the Internet of Services (IoS) Internet of Services (IoS) in the context of socio-economic transition economictransitionsocio-economic transitionsbeginning with a brief background and development of the current trends. In a very practical approach, it establishes a clear definition of IoT and IoS and their interrelationship with human interaction at the centre of social and economic value generation. The roles that IoT and IoS play in the Fourth Industrial Revolution and the impact they have on disruptive innovationinnovation by linking the physical, digital, and social worlds are discussed in depth and illustrated in a fresh approach to understanding IoT/IoS interactive ecosystems that create first positive social impact, then economic potential. Real-world examples and in-depth knowledge of the trends provide a unique framework for designing IoT/IoS interactive environments for more inclusive, participatory democracies, and egalitarian alternative economies for a sustainable future.

Keywords: Business and Management; Development Studies; Economics and Finance; Environment; Sociology and Social Policy; Sustainable Development Goals (search for similar items in EconPapers)
Date: 2024
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