Internet of Things Driven Perceived Value Co-Creation in Smart Cities of the Future: A PLS-SEM Based Predictive Model

Abstract

With the swift developments and improvement in the information and communications technology, everyone is viewing the emergence of another age of the Internet of Things. A smart city is an urban development vision to assimilate numerous technologies with Internet of Things solutions. Therefore, this study explores the antecedents and consequence of Internet of Things in value cocreation of smart cities in an emerging economy like India. Quantitative research approach was used in the current study. Prior research work was analysed to develop a comprehensive research model in context of smart cities in India. Responses were collected from the residents of proposed and selected smart cities by Indian Union Government. Total 1136 questionnaires were circulated using Google Docs and for final analysis 436 were used. The results of the current study render additional considerate in terms of technology adoption regarding Smart Cities in India. Therefore, in this ecosystem of technology the participants like developers, users, lawmakers, and solution providers promotes the solutions in form of Internet of Things among the prospects. The suggestions for policymakers are to deliver a superior experience for the general public and engaging them continuously with the advancement in technology. The study has adopted qualitative research in order the study the antecedents and consequence of Internet of Things while future researcher can use qualitative research approach in order to expand the proposed model.