An Exploratory Study of the Impact of the Internet of Things (IoT) on Business Model Innovation-Reference-Cited by-同舟云学术

An Exploratory Study of the Impact of the Internet of Things (IoT) on Business Model Innovation

Published:2017 Issue: Volume: Page:423-440
ISSN:
Container-title:The Internet of Things
language:
Short-container-title:

Author:

Lee In¹

Affiliation:

1. Western Illinois University, USA

Abstract

This paper introduces IoT categories used to build smart enterprises and discusses how Fortune 500 companies may use various IoT applications to innovate their business models. The authors' analysis reveals that there is a significant relationship between the type of IoT applications and the IoT adoption rate and there is also a significant relationship between the type of business model innovation and the IoT adoption rate. Finally, five implementation strategies for smart enterprise development are discussed.

Publisher

IGI Global

Reference76 articles.

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