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Business Models for the Internet of Things and the Cloud in an Industrial Environment

Kostov, Aleksandar

Abstract:
Technological paradigms have always been shifting. Nowadays ever so much, and even more, faster. Increasing computational power, reduced size and enhanced connectivity capabilities of the new devices has ushered in a new technological era. Through the ever increasing integration of the cloud into the industrial landscape and the vast amounts of data generated through connected devices and their respective sensors, we see the rise of a new currency - information, that is subjectively of value no less than that of money. In this paper we explore how the incorporation of the cloud and the internet of things into the industrial sector has affected business models. We take a look into how existing business models have changed, what new models have arisen and how the access to vast amounts of monitoring data is disrupting value chains and reshaping the industrial landscapes.

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Volltext §
DOI: 10.5445/IR/1000062232
Zugehörige Institution(en) am KIT Institut für Telematik (TM)
Publikationstyp Proceedingsbeitrag
Jahr 2016
Sprache Englisch
Identifikator ISSN: 2190-4782
urn:nbn:de:swb:90-622488
KITopen-ID: 1000062248
Erschienen in Ubiquitäre Systeme (Seminar) und Mobile Computing (Proseminar) SS 2016. Mobile und Verteilte Systeme. Ubiquitous Computing. Teil XIV. Hrsg.: M.A. Neumann
Verlag KIT, Karlsruhe
Seiten 175-184
Serie Karlsruhe Reports in Informatics ; 2016,13
Schlagworte business models; the cloud; internet of things; industrial environment
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