Unlocking value from machines: business models and the industrial internet of things

Ehret, Michael; Wirtz, Jochen

doi:10.1080/0267257x.2016.1248041

Cited by 214 publications

(145 citation statements)

References 73 publications

(80 reference statements)

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“…(4) At the end of the Cold War; the ideological competition appeared to give way to competition in economic development strength and countries started to focus on economic construction. (5) The economy is showing a trend of global integration; it is concentrated in the globalization of market i.e., the demand market is open to any enterprise and individuals all over the world. It is possible for enterprises and individuals to seek their own markets on a global scale.…”

Section: Analysis Of Characteristics Of the "New Economic Era"mentioning

confidence: 99%

Chinese-Style Innovation and Its International Repercussions in the New Economic Times

et al. 2020

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Innovation is the powerful headspring that makes the economy and society continue with sustainable development, and how to innovate is a current research issue all over the world. The purposes of this research are to examine Chinese-style innovations and to analyze the influence of Chinese-style innovation on the international market in the current economic times. From multiple perspectives of institutional innovation as well as scientific and technological innovation, the content, characteristics and connotation of Chinese-style innovation are comprehensively expounded and analyzed through the collection, combination and exploration of innovation, especially in Chinese-style innovation literature and interviews with relevant scholars, experts and enterprises. Then, the fit of Chinese-style innovation and characteristics of the new economic era are systematically described. Based on the exploration of international repercussions of Chinese-style innovation from both macro and micro aspects, the mechanism of Chinese-style innovation's influence on China's international market is also analyzed. In China, the underlying concept has not been well investigated before, therefore there is a gap in which to do research in this area. In accordance with the current research, a conceptual model for the new economic era, Chinese-style innovation and China's international repercussions is established. This study finds that the influence of Chinese companies in research and development has significantly improved, the all-round and multi-domain pattern of Chinese enterprises' overseas development has gradually taken shape, Chinese companies' overseas social responsibility is growing, the overseas competitiveness of Chinese companies has gradually increased, the overall strength of China's science and technology has gradually gained international recognition and its international repercussions have improved significantly.

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Section: Analysis Of Characteristics Of the "New Economic Era"mentioning

confidence: 99%

Chinese-Style Innovation and Its International Repercussions in the New Economic Times

et al. 2020

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“…devices at the edge, network technologies, multiple standardization initiatives, the immaturity of innovation, and the unstructured ecosystems. Finally, Ehret and Wirtz [19] built the Industrial IoT-driven BM clusters based on the concept of non-ownership contracts. They introduced three possible BMs for the IoT environment within the manufacturing industry.…”

Section: Conceptualizationmentioning

confidence: 99%

Unlashing the Next Wave of Business Models in the Internet of Things Era: New Directions for a Research Agenda based on a Systematic Literature Review

Omerovic¹,

Islam

Buxmann

2020

Proceedings of the Annual Hawaii International Conference on System Sciences

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Pervasive digitization of products and services open additional avenues for the next wave of business model opportunities. Most of firms are aware of the monetization potentials that the Internet of Things (IoT) has to offer, however, they still struggle to create a compelling value propositions. Despite the attention of both research and practice onto business models and the IoT, only few concepts and research endeavors regarding their intersections exist. This paper tends to unleash the specificity of the business models within the IoT technologies, and motivate new, ecosystem, perspective for upcoming research. Following a rigorous methodology for a comprehensive and systematic literature review, we develop five literature clusters related to the Internet of Things-driven business model research, evaluate and analyze the papers within clusters, and finally identify the gaps and propose directions for future research.

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“…According to Sohu hot spots to provide data, 2017 college students the most focus on hot topics include (Ehret & Wirtz, 2017): Hangzhou nanny arson, song jiang Japan was killed, the entertainment circle Wang Baoqiang, Chen Yufan marriage, lost KeJie alpha dog, female tourists lijiang was beaten disfigurement, Gu Yueting and music drama, Shaanxi Yulin maternal jump off a building, "2" the war Wolf at the box office of 5.68 billion yuan, Chongqing Wushan child bride events, Chinese hip hop. On campus, the online questionnaire activity launched by the workstation of easy class in the chemical engineering school of southwest petroleum university (the number of attention of easy class public number is 3500) was collected from 180 questionnaires as of June 10 (Wang & Chen, 2007).…”

Section: Collect the Influence Factors Of Network Sound And Explore Ementioning

confidence: 99%

Exploration of the Cultivation System of College Students’ Network Opinion Leaders from the Perspective of Micro Media

Xie¹

2018

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The rapid development of micro media platforms has promoted the diversification of channels and ways for college students to express their opinions. As a result, the network opinion leaders of college students active in micro media platforms have risen rapidly and played an increasingly important role in the public opinion management of colleges and universities. It makes the college students' opinion leaders play a leading role in the thoughts of college students on the micro-media platform, helps construct media matrix based on the sound influence factors, and makes the classified cultivation of college students' network opinion leaders possible. It also makes students receive information, accept education independently and take over the baton actively to cope with the challenges brought by the transformation of network virtual and reality and create a harmonious campus environment.

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Unlocking value from machines: business models and the industrial internet of things

Cited by 214 publications

References 73 publications

Chinese-Style Innovation and Its International Repercussions in the New Economic Times

Chinese-Style Innovation and Its International Repercussions in the New Economic Times

Unlashing the Next Wave of Business Models in the Internet of Things Era: New Directions for a Research Agenda based on a Systematic Literature Review

Exploration of the Cultivation System of College Students’ Network Opinion Leaders from the Perspective of Micro Media

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