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Business Development in the Internet of Things: A Matter of Vertical Cooperation
KTH, School of Information and Communication Technology (ICT), Communication Systems, CoS, Radio Systems Laboratory (RS Lab).ORCID iD: 0000-0003-4405-5516
KTH, School of Information and Communication Technology (ICT), Communication Systems, CoS.
KTH, School of Information and Communication Technology (ICT), Communication Systems, CoS, Radio Systems Laboratory (RS Lab).
2017 (English)In: IEEE Communications Magazine, ISSN 0163-6804, E-ISSN 1558-1896, Vol. 55, no 2, 135-141 p., 7842424Article in journal (Refereed) Published
Abstract [en]

Smart and connected devices can improve industrial processes, and generate new and better services. While this premise is well understood within the ICT industry, there is a challenge in extending this knowledge to vertical industries. The potential of the Internet of Things lies in the interaction among industries working together toward value co-creation. Firms need to look beyond their internal business models and explore cooperative perspectives to define new business opportunities. In this article, we look into the relevance of vertical cooperation in the area of IoT and highlight the need to develop new value networks that leverage this cooperation and enable the creation of new business models. To lead our discussions, we use the examples of two major building blocks of smart cities: intelligent transport systems and health and well being services based on connected devices and solutions.

Place, publisher, year, edition, pages
Institute of Electrical and Electronics Engineers (IEEE), 2017. Vol. 55, no 2, 135-141 p., 7842424
Keyword [en]
Intelligent systems, Smart city
National Category
Business Administration Communication Systems
Identifiers
URN: urn:nbn:se:kth:diva-208143DOI: 10.1109/MCOM.2017.1600596CMISI: 000395574900022ScopusID: 2-s2.0-85012964545OAI: oai:DiVA.org:kth-208143DiVA: diva2:1104396
Funder
VINNOVA
Note

QC 20170601

Available from: 2017-06-01 Created: 2017-06-01 Last updated: 2017-06-01Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
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  • modern-language-association-8th-edition
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Language
  • de-DE
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  • en-US
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  • Other locale
More languages
Output format
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