Welcome to the InfoSci Platform
Reference Hub53
The Role of the Internet of Things in the Improvement and Expansion of Business

The Role of the Internet of Things in the Improvement and Expansion of Business

Hodjat Hamidi, Maryam Jahanshahifard
Copyright: © 2018 |Volume: 30 |Issue: 3 |Pages: 21
ISSN: 1546-2234|EISSN: 1546-5012|EISBN13: 9781522542223|DOI: 10.4018/JOEUC.2018070102
Cite Article Cite Article

MLA

Hamidi, Hodjat, and Maryam Jahanshahifard. "The Role of the Internet of Things in the Improvement and Expansion of Business." JOEUC vol.30, no.3 2018: pp.24-44. http://doi.org/10.4018/JOEUC.2018070102

APA

Hamidi, H. & Jahanshahifard, M. (2018). The Role of the Internet of Things in the Improvement and Expansion of Business. Journal of Organizational and End User Computing (JOEUC), 30(3), 24-44. http://doi.org/10.4018/JOEUC.2018070102

Chicago

Hamidi, Hodjat, and Maryam Jahanshahifard. "The Role of the Internet of Things in the Improvement and Expansion of Business," Journal of Organizational and End User Computing (JOEUC) 30, no.3: 24-44. http://doi.org/10.4018/JOEUC.2018070102

Export Reference

Mendeley
Favorite Full-Issue Download

Abstract

The Internet of Things (IOT) has been examined in several perspectives based on the goals and visions of the present report. First, in this report based on previous studies, the general framework of business models in the Internet of Things has been analyzed, and then the suggested framework is presented. In the following, the business models of the Internet of Things and the impact of Internet of Things on the existing business models are studied. Thus, first of all, recognizing the elements of business models related to the Internet of Things is essential which has been addressed in the report. The results of different studies led to recognition of almost all business models in this field and to stating the most important components of the business models affected by the Internet of Things. The authors are still in the beginning of the process of Internet of Things. Most of the companies are willing to offer and sell the connected products and in near future, the majority of organizations will adopt more complex and ecosystem models. The purpose of this report is to offers social and business ideas to innovators so they can improve business models using the Internet of Things. This report examines the business models and proposed existing frameworks along with the economic energy of Internet of Things according to the successful projects in this scope, and offers the general logic for services or products that can be used as the basis of specific elements and patterns of business models of IOT.

Request Access

You do not own this content. Please login to recommend this title to your institution's librarian or purchase it from the IGI Global bookstore.