The Internet of Things: Are you ready for what’s coming?
TL;DR: In this article, the authors look to connect products, processes, and services to the growing field of the Internet of Things (IoT), and ask the following preliminary question: "Are you ready for what's coming?"
About: This article is published in Business Horizons.The article was published on 2017-09-01 and is currently open access. It has received 159 citations till now.
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TL;DR: In this article, the authors identify three stages of digital transformation: digitization, digitalization, and digital transformation, and delineate growth strategies for digital firms as well as the assets and capabilities required in order to successfully transform digitally.
1,072 citations
TL;DR: It is suggested that AI is not one monolithic term but instead needs to be seen in a more nuanced way and a framework that helps organizations think about the internal and external implications of AI is presented, which is labelled the Three C Model of Confidence, Change, and Control.
1,039 citations
19 Mar 2018
TL;DR: This paper presents a comprehensive and comparative study on three actually leading LPWAN technologies called Sigfox, LoRaWAN, and NB-IoT and shows that Sigfox and Lo RaWAN excel on network capacity, devices lifetime, and cost whereas, NB- IoT excels on quality of service and latency.
Abstract: LPWAN are actually the most popular low cost, long battery lifetime, and long range communication technology for IoT applications. This paper presents a comprehensive and comparative study on three actually leading LPWAN technologies called Sigfox, LoRaWAN, and NB-IoT. We show that Sigfox and LoRaWAN excel on network capacity, devices lifetime, and cost. Whereas, NB-IoT excels on quality of service and latency. In addition, we consider application scenarios and explain which technology fits best to guide future researchers and industrials.
210 citations
Cites background from "The Internet of Things: Are you rea..."
...Sale point systems require guaranteed quality of service since they handle frequent communication [24]....
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TL;DR: This article outlines six debates surrounding AI in areas like artificial superintelligence, geographical progress, and robotics and talks about the six dilemmas of AI and its potential threat and use, using the PESTEL framework.
178 citations
TL;DR: In this article, a conceptual framework on how digital readiness, digital technology, and digital business models might sustainably relate to innovation, moderated by a digital transformation process is proposed, aiming to equip practitioners and researchers alike in handling and addressing change through digitalization sustainably.
Abstract: Digitalization plays a major role in contributing towards the United Nations Sustainable Development Goals Without transformation of existing businesses, both economic and environmental challenges of the future cannot be solved sustainably However, there is much confusion on interrelationships and terms dealing with digitization or digitalization: Digital business model, digital transformation, digital entrepreneurship How do these terms interrelate with and to digitalization, and how do they support firms to grow sustainably? To answer this question, we identified seven core digital-related terms based on a structured literature search within the management and economics domain, namely: Digital, Business Model, Digital Business Model, Digital Technology, Digital Innovation, Digital Transformation, and Digital Entrepreneurship Thereafter, we analyzed prior literature for deriving a common understanding and definition as a basis for interrelations within a conceptual framework Definitions were presented in a case study setup with twelve innovation and research and development (R&D) managers from various business units of a German high-tech company Based on these insights, we propose a conceptual framework on how Digital Readiness, Digital Technology, and Digital Business Models might sustainably relate to Innovation, moderated by a Digital Transformation Process With this approach, we aim to equip practitioners and researchers alike in handling and addressing change through digitalization sustainably
136 citations
Cites background from "The Internet of Things: Are you rea..."
...Business models need to be analyzed as to their future readiness and sustainability impact, as both economic and environmental sustainability are an intertwined challenge for businesses that cannot be tackled in isolation [68,69]....
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References
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TL;DR: This survey is directed to those who want to approach this complex discipline and contribute to its development, and finds that still major issues shall be faced by the research community.
12,539 citations
Journal Article•
TL;DR: Big data, the authors write, is far more powerful than the analytics of the past, and executives can measure and therefore manage more precisely than ever before, and make better predictions and smarter decisions.
Abstract: Big data, the authors write, is far more powerful than the analytics of the past. Executives can measure and therefore manage more precisely than ever before. They can make better predictions and smarter decisions. They can target more-effective interventions in areas that so far have been dominated by gut and intuition rather than by data and rigor. The differences between big data and analytics are a matter of volume, velocity, and variety: More data now cross the internet every second than were stored in the entire internet 20 years ago. Nearly real-time information makes it possible for a company to be much more agile than its competitors. And that information can come from social networks, images, sensors, the web, or other unstructured sources. The managerial challenges, however, are very real. Senior decision makers have to learn to ask the right questions and embrace evidence-based decision making. Organizations must hire scientists who can find patterns in very large data sets and translate them into useful business information. IT departments have to work hard to integrate all the relevant internal and external sources of data. The authors offer two success stories to illustrate how companies are using big data: PASSUR Aerospace enables airlines to match their actual and estimated arrival times. Sears Holdings directly analyzes its incoming store data to make promotions much more precise and faster.
3,616 citations
01 Sep 2012
TL;DR: A survey of technologies, applications and research challenges for Internetof-Things is presented, in which digital and physical entities can be linked by means of appropriate information and communication technologies to enable a whole new class of applications and services.
Abstract: The term ‘‘Internet-of-Things’’ is used as an umbrella keyword for covering various aspects related to the extension of the Internet and the Web into the physical realm, by means of the widespread deployment of spatially distributed devices with embedded identification, sensing and/or actuation capabilities. Internet-of-Things envisions a future in which digital and physical entities can be linked, by means of appropriate information and communication technologies, to enable a whole new class of applications and services. In this article, we present a survey of technologies, applications and research challenges for Internetof-Things.
3,172 citations
TL;DR: In this article, a study of 11 capital equipment manufacturers developing service offerings for their products is presented, focusing on identifying the dimensions considered when creating a service organization in the context of a manufacturing firm, and successful strategies to navigate the transition.
Abstract: Management literature is almost unanimous in suggesting to manufacturers that they should integrate services into their core product offering. The literature, however, is surprisingly sparse in describing to what extent services should be integrated, how this integration should be carried out, or in detailing the challenges inherent in the transition to services. Reports on a study of 11 capital equipment manufacturers developing service offerings for their products. Focuses on identifying the dimensions considered when creating a service organization in the context of a manufacturing firm, and successful strategies to navigate the transition. Analysis of qualitative data suggests that the transition involves a deliberate developmental process to build capabilities as firms shift the nature of the relationship with the product end‐users and the focus of the service offering. The report concludes identifying implications of our findings for further research and practitioners.
2,267 citations
Journal Article•
TL;DR: Porter and Heppelmann as discussed by the authors provide a framework for developing strategy and achieving competitive advantage in a smart, connected world by providing a broad set of new strategic choices for companies about how value is created and captured.
Abstract: Information technology is revolutionizing products, from appliances to cars to mining equipment. Products once composed solely of mechanical and electrical parts have become complex systems combining hardware, sensors, electronics, and software that connect through the internet in myriad ways. These “smart, connected products” offer exponentially expanding opportunities for new functionality, far greater reliability, and capabilities that cut across and transcend traditional product boundaries. The changing nature of products is disrupting value chains, argue Michael Porter and PTC CEO James Heppelmann, and forcing companies to rethink nearly everything they do, from how they conceive, design, and source their products; to how they manufacture, operate, and service them; to how they build and secure the necessary IT infrastructure. Smart, connected products raise a broad set of new strategic choices for companies about how value is created and captured, how to work with traditional partners and what new partnerships will be required, and how to secure competitive advantage as the new capabilities reshape industry boundaries. For many firms, smart, connected products will force the fundamental question: “What business am I in?” This article provides a framework for developing strategy and achieving competitive advantage in a smart, connected world.
2,037 citations