Exploiting Internet-of-Things: Platforms and Business Models

Tindara Abbate (), Fabrizio Cesaroni, Maria Cristina Cinici and Massimo Villari
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Tindara Abbate: University of Messina
Fabrizio Cesaroni: University of Messina
Maria Cristina Cinici: University of Messina
Massimo Villari: University of Messina

Chapter Chapter 6 in Governing Business Systems, 2018, pp 101-118 from Springer

Abstract: Abstract Internet-of-Things (IoT) is expected to play a key role in the near future due to the possibility it shows to spur processes of economic growth by fostering differentiated business applications. To exploit several possibilities, firms need to define and adopt appropriate business models. By analyzing the case of FIWARE, we discuss which business models can be adopted by different actors involved in the development and usage of a cloud-based platform enabling IoT solutions. We show that such platform represents a general purpose technology, which allows innovative forms of division of labor among technology suppliers and technology users, with positive revenues for involved actors.

Keywords: General purpose technology; Internet-of-Things; Open business model; IT platform; FIWARE (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-319-66036-3_6

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DOI: 10.1007/978-3-319-66036-3_6

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