Identifying Business Potentials within an IoT Ecosystem – An Explorative Case Study in the Industrial Domain

Identifying Business Potentials within an IoT Ecosystem – An Explorative Case Study in the Industrial Domain

By exchanging data from various assets the Internet of Things (IoT) enables new forms of cooperation between companies from different domains. These collaborations of companies are known as IoT ecosystems. Through the interrelations between the partners within the IoT ecosystem the companies are able to realize additional business potentials. In our paper we identify business potentials and ecosystem requirements based on the interrelations between the partners in an IoT ecosystem. The basis for our work is a case study in the industrial domain with seven different companies. Within the scope of the case study an IoT ecosystem was created based on a pay per part production of turntables for excavators. The ecosystem was implemented under real life conditions.

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