Mapping the Values of IoT

Nicolescu, Răzvan; Huth, Michael; Radanliev, Petar; Roure, David De

doi:10.1057/s41265-018-0054-1

Cited by 98 publications

(97 citation statements)

References 85 publications

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“…The digital economy is connected and can process data in real-time. Such data input is collected from machines and humans and can be seen as digital assets with economical value [13], [14]. But such connected digital economy that represents a social machine, comes with cyber risks that we do not completely understand [15], [16] and we do not yet have the data to perform risk assessment [6], [17], [18].…”

Section: Economic Impact On the Digital Economy From New Technologiesmentioning

confidence: 99%

New Developments in Cyber Physical Systems, the Internet of Things and the Digital Economy – Discussion on Future Developments in the Industrial Internet of Things and Industry 4.0

Radanliev¹,

Roure²,

Nurse³

et al. 2019

Preprint

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The world is currently experiencing the fourth industrial revolution driven by the newest wave of digitisation in the manufacturing sector. The term Industry 4.0 (I4.0) represents at the same time: a paradigm shift in industrial production, a generic designation for sets of strategic initiatives to boost national industries, a technical term to relate to new emerging business assets, processes and services, and a brand to mark a very particular historical and social period. I4.0 is also referred to as Industrie 4.0 the New Industrial France, the Industrial Internet, the Fourth Industrial Revolution and the digital economy. These terms are used interchangeably in this text. The aim of this article is to discuss major developments in this space in relation to the integration of new developments of IoT and cyber physical systems in the digital economy, to better understand cyber risks and economic value and risk impact. The objective of the paper is to map the current evolution and its associated cyber risks for the digital economy sector and to discuss the future developments in the Industrial Internet of Things and Industry 4.0.

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Section: Economic Impact On the Digital Economy From New Technologiesmentioning

confidence: 99%

New Developments in Cyber Physical Systems, the Internet of Things and the Digital Economy – Discussion on Future Developments in the Industrial Internet of Things and Industry 4.0

Radanliev¹,

Roure²,

Nurse³

et al. 2019

Preprint

Self Cite

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“…Unlocking the economic value of such networks will certainly require sufficient interoperability between IoT and ICT environments that allows for the flow of data and data-driven insights as well as for the evaluation and enforcement of access-control policies that regulate such flow [30,34].…”

Section: Our Vision and Its Principlesmentioning

confidence: 99%

Owner-Centric Sharing of Physical Resources, Data, and Data-Driven Insights in Digital Ecosystems

Cheung¹,

Huth

Kirk³

et al. 2019

Proceedings of the 24th ACM Symposium on Access Control Models and Technologies

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We are living in an age in which digitization will connect more and more physical assets with IT systems and where IoT endpoints will generate a wealth of valuable data. Companies, individual users, and organizations alike therefore have the need to control their own physical or non-physical assets and data sources. At the same time, they recognize the need for, and opportunity to, share access to such data and digitized physical assets. This paper sets out our technology vision for such sharing ecosystems, reports initial work in that direction, identifies challenges for realizing this vision, and seeks feedback and collaboration from the academic access-control community in that R&D space.

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“…New ideas and applications for the implementation of initiatives to digitize the urban environment are motivated and stimulated by the needs of citizens and private companies, as well as start-ups. Cities use these innovations from the bottom up, as they not only provide services at lower cost to the city, but also provide high-quality jobs and increase the efficiency of the economy (Nicolescu, 2018).…”

Section: Development Institutes Of Smart Citymentioning

confidence: 99%

Institutional Support of a Smart City

Samouylov¹,

Popov²,

Semyachkov³

2019

Montenegrin Journal of Economics

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The purpose of this study is to determine the conditions of institutional support for the digitization of the urban environment. The paper identifies the main features and analyzes the conditions for the effective functioning of smart cities. The main characteristics of the smart city are revealed: they are people-oriented, use data in a digital format and are based on bottom-up innovations. The paper considers the systematization of the principles and ideas of the theory of institutional modeling from the simplest level of modeling, and ending with the most difficult level consisting in describing the evolution of institutions. The importance of applying such an approach to the study of the institutional support of smart cities is shown. As part of the study of the leading cities in the field of building smart urban environment, priorities, institutions and goals of intelligent development have been highlighted. The paper discusses the problems of the development of smart cities in Russia, presents a number of steps to solve them. The theoretical significance of the study consists in the development of approaches to the institutional support of a smart city. The practical significance of the research lies in the formation of possible future studies of rational economic management in the conditions of digital society. JEL classification:R11, O43, O31.

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Mapping the Values of IoT

Cited by 98 publications

References 85 publications

New Developments in Cyber Physical Systems, the Internet of Things and the Digital Economy – Discussion on Future Developments in the Industrial Internet of Things and Industry 4.0

New Developments in Cyber Physical Systems, the Internet of Things and the Digital Economy – Discussion on Future Developments in the Industrial Internet of Things and Industry 4.0

Owner-Centric Sharing of Physical Resources, Data, and Data-Driven Insights in Digital Ecosystems

Institutional Support of a Smart City

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