IDEAS home Printed from https://ideas.repec.org/a/eee/jbrese/v131y2021icp610-618.html
   My bibliography  Save this article

The internet of things and corporate business models: A systematic literature review

Author

Listed:
  • Palmaccio, Matteo
  • Dicuonzo, Grazia
  • Belyaeva, Zhanna S.

Abstract

The paper proposes a systematic literature review emphasising scholars’ view on the role of IoT in shaping and developing business models of companies. Providing a deep understanding of the state of the art, the paper drafts implications and valuable insights to address future research. A two-decade study of the connection of Internet of Things and business models has been investigated using Scopus and ISI web of science databases as leading sources to get access to the articles. The diffusion of Internet of things needs to be investigated along its implications for corporate business models, such as modifications in the production process, interaction with customers and in the identification of the corporate building blocks. This study provides for the first time a systematic connection among IoT and Business models towards the lens of business, management and accounting field, providing valuable implications, insights and emerging issues.

Suggested Citation

  • Palmaccio, Matteo & Dicuonzo, Grazia & Belyaeva, Zhanna S., 2021. "The internet of things and corporate business models: A systematic literature review," Journal of Business Research, Elsevier, vol. 131(C), pages 610-618.
  • Handle: RePEc:eee:jbrese:v:131:y:2021:i:c:p:610-618
    DOI: 10.1016/j.jbusres.2020.09.069
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0148296320306500
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.jbusres.2020.09.069?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Nees Jan Eck & Ludo Waltman, 2017. "Citation-based clustering of publications using CitNetExplorer and VOSviewer," Scientometrics, Springer;Akadémiai Kiadó, vol. 111(2), pages 1053-1070, May.
    2. Jan Fagerberg & Martin Srholec, 2017. "Capabilities, economic development, sustainability," Cambridge Journal of Economics, Oxford University Press, vol. 41(3), pages 905-926.
    3. ., 2020. "Sustainability and development," Chapters, in: Humanitarian Local and Regional Development, chapter 3, pages 52-101, Edward Elgar Publishing.
    4. Alain Fayolle & Mike Wright, 2014. "How To Get Published In The Best Entrepreneurship Journals," Post-Print hal-01892774, HAL.
    5. Abbate, Tindara & Cesaroni, Fabrizio & Cinici, Maria Cristina & Villari, Massimo, 2019. "Business models for developing smart cities. A fuzzy set qualitative comparative analysis of an IoT platform," Technological Forecasting and Social Change, Elsevier, vol. 142(C), pages 183-193.
    6. Maurizio Massaro & John Dumay & James Guthrie, 2016. "On the shoulders of giants: undertaking a structured literature review in accounting," Accounting, Auditing & Accountability Journal, Emerald Group Publishing Limited, vol. 29(5), pages 767-801, June.
    7. Sousa, Maria José & Rocha, Álvaro, 2019. "Skills for disruptive digital business," Journal of Business Research, Elsevier, vol. 94(C), pages 257-263.
    8. Saarikko, Ted & Westergren, Ulrika H. & Blomquist, Tomas, 2017. "The Internet of Things: Are you ready for what’s coming?," Business Horizons, Elsevier, vol. 60(5), pages 667-676.
    9. Metallo, Concetta & Agrifoglio, Rocco & Schiavone, Francesco & Mueller, Jens, 2018. "Understanding business model in the Internet of Things industry," Technological Forecasting and Social Change, Elsevier, vol. 136(C), pages 298-306.
    10. Qiu, Xuan & Luo, Hao & Xu, Gangyan & Zhong, Runyang & Huang, George Q., 2015. "Physical assets and service sharing for IoT-enabled Supply Hub in Industrial Park (SHIP)," International Journal of Production Economics, Elsevier, vol. 159(C), pages 4-15.
    11. Yang, L. & Yang, S.H. & Plotnick, L., 2013. "How the internet of things technology enhances emergency response operations," Technological Forecasting and Social Change, Elsevier, vol. 80(9), pages 1854-1867.
    12. Alain Fayolle & Mike Wright, 2014. "How To Get Published In The Best Entrepreneurship Journals : A Guide to Steer Your Academic Career," Post-Print hal-02298195, HAL.
    13. Sascha Kraus & Matthias Breier & Sonia Dasí-Rodríguez, 2020. "The art of crafting a systematic literature review in entrepreneurship research," International Entrepreneurship and Management Journal, Springer, vol. 16(3), pages 1023-1042, September.
    14. Secundo, Giustina & Ndou, Valentina & Vecchio, Pasquale Del & De Pascale, Gianluigi, 2020. "Sustainable development, intellectual capital and technology policies: A structured literature review and future research agenda," Technological Forecasting and Social Change, Elsevier, vol. 153(C).
    15. Atanu Sengupta & Sanjoy De, 2020. "Review of Literature," India Studies in Business and Economics, in: Assessing Performance of Banks in India Fifty Years After Nationalization, chapter 0, pages 15-30, Springer.
    16. Laya, Andres & Markendahl, Jan & Lundberg, Stefan, 2018. "Network-centric business models for health, social care and wellbeing solutions in the internet of things," Scandinavian Journal of Management, Elsevier, vol. 34(2), pages 103-116.
    17. Guo, Liang & Wei, Yinghong Susan & Sharma, Ruchi & Rong, Ke, 2017. "Investigating e-business models’ value retention for start-ups: The moderating role of venture capital investment intensity," International Journal of Production Economics, Elsevier, vol. 186(C), pages 33-45.
    18. Lu, Yang & Papagiannidis, Savvas & Alamanos, Eleftherios, 2018. "Internet of Things: A systematic review of the business literature from the user and organisational perspectives," Technological Forecasting and Social Change, Elsevier, vol. 136(C), pages 285-297.
    19. Kiel, Daniel & Arnold, Christian & Voigt, Kai-Ingo, 2017. "The influence of the Industrial Internet of Things on business models of established manufacturing companies – A business level perspective," Technovation, Elsevier, vol. 68(C), pages 4-19.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Shen, Lei & Sun, Wanqin & Parida, Vinit, 2023. "Consolidating digital servitization research: A systematic review, integrative framework, and future research directions," Technological Forecasting and Social Change, Elsevier, vol. 191(C).
    2. Liang, Yongheng & Xu, Qian & Jin, Liyin, 2021. "The effect of smart and connected products on consumer brand choice concentration," Journal of Business Research, Elsevier, vol. 135(C), pages 163-172.
    3. Ya-Ting Chang & Ming-Kuen Chen & Yi-Chun Kung, 2022. "Evaluating a Business Ecosystem of Open Data Services Using the Fuzzy DEMATEL-AHP Approach," Sustainability, MDPI, vol. 14(13), pages 1-21, June.
    4. Marina Johnson & Rashmi Jain & Peggy Brennan-Tonetta & Ethne Swartz & Deborah Silver & Jessica Paolini & Stanislav Mamonov & Chelsey Hill, 2021. "Impact of Big Data and Artificial Intelligence on Industry: Developing a Workforce Roadmap for a Data Driven Economy," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 22(3), pages 197-217, September.
    5. Ferreira, João J. & Fernandes, Cristina I. & Guo, Ying & Rammal, Hussain G., 2022. "Knowledge worker mobility and knowledge management in MNEs: A bibliometric analysis and research agenda," Journal of Business Research, Elsevier, vol. 142(C), pages 464-475.
    6. Kazemi, Maha Zadeh & Elamer, Ahmed A. & Theodosopoulos, Grigorios & Khatib, Saleh F.A., 2023. "Reinvigorating research on sustainability reporting in the construction industry: A systematic review and future research agenda," Journal of Business Research, Elsevier, vol. 167(C).
    7. Marta Negri & Alessandra Neri & Enrico Cagno & Gabriele Monfardini, 2021. "Circular Economy Performance Measurement in Manufacturing Firms: A Systematic Literature Review with Insights for Small and Medium Enterprises and New Adopters," Sustainability, MDPI, vol. 13(16), pages 1-27, August.
    8. Jorge Alejandro Silva, 2022. "Implementation and Integration of Sustainability in the Water Industry: A Systematic Literature Review," Sustainability, MDPI, vol. 14(23), pages 1-28, November.
    9. Mitsuhiro Fukuzawa & Ryosuke Sugie & Youngwon Park & Jin Shi, 2022. "An Exploratory Case Study on the Metrics and Performance of IoT Investment in Japanese Manufacturing Firms," Sustainability, MDPI, vol. 14(5), pages 1-21, February.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Delgosha, Mohammad Soltani & Hajiheydari, Nastaran & Talafidaryani, Mojtaba, 2022. "Discovering IoT implications in business and management: A computational thematic analysis," Technovation, Elsevier, vol. 118(C).
    2. Rosa Lombardi & Raffaele Trequattrini & Federico Schimperna & Myriam Cano-Rubio, 2021. "The Impact of Smart Technologies on theManagement and Strategic Control: A Structured Literature Review," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2021(suppl. 1), pages 11-30.
    3. Valentina Ndou & Gioconda Mele & Eglantina Hysa & Otilia Manta, 2022. "Exploiting Technology to Deal with the COVID-19 Challenges in Travel & Tourism: A Bibliometric Analysis," Sustainability, MDPI, vol. 14(10), pages 1-25, May.
    4. Antonio Fusco & Graziana Galeone & Federico Schimperna & Rosa Lombardi, 2021. "The impact of Gender diversity on Healthcare System and Leadership: A first SLR for the future research," MECOSAN, FrancoAngeli Editore, vol. 0(120), pages 7-19.
    5. Paolo Esposito & Spiridione Lucio Dicorato, 2020. "Sustainable Development, Governance and Performance Measurement in Public Private Partnerships (PPPs): A Methodological Proposal," Sustainability, MDPI, vol. 12(14), pages 1-25, July.
    6. Cranmer, Eleanor E. & Papalexi, M. & tom Dieck, M. Claudia & Bamford, D., 2022. "Internet of Things: Aspiration, implementation and contribution," Journal of Business Research, Elsevier, vol. 139(C), pages 69-80.
    7. Kumar, Satish & Sahoo, Saumyaranjan & Lim, Weng Marc & Kraus, Sascha & Bamel, Umesh, 2022. "Fuzzy-set qualitative comparative analysis (fsQCA) in business and management research: A contemporary overview," Technological Forecasting and Social Change, Elsevier, vol. 178(C).
    8. Vasja Roblek & Maja Meško & Mirjana Pejić Bach & Oshane Thorpe & Polona Šprajc, 2020. "The Interaction between Internet, Sustainable Development, and Emergence of Society 5.0," Data, MDPI, vol. 5(3), pages 1-27, September.
    9. Sorri, Krista & Mustafee, Navonil & Seppänen, Marko, 2022. "Revisiting IoT definitions: A framework towards comprehensive use," Technological Forecasting and Social Change, Elsevier, vol. 179(C).
    10. Arfi, Wissal Ben & Nasr, Imed Ben & Kondrateva, Galina & Hikkerova, Lubica, 2021. "The role of trust in intention to use the IoT in eHealth: Application of the modified UTAUT in a consumer context," Technological Forecasting and Social Change, Elsevier, vol. 167(C).
    11. Ahn, Sang-Jin, 2020. "Three characteristics of technology competition by IoT-driven digitization," Technological Forecasting and Social Change, Elsevier, vol. 157(C).
    12. Ancillai, Chiara & Sabatini, Andrea & Gatti, Marco & Perna, Andrea, 2023. "Digital technology and business model innovation: A systematic literature review and future research agenda," Technological Forecasting and Social Change, Elsevier, vol. 188(C).
    13. Wafa Alwakid & Sebastian Aparicio & David Urbano, 2021. "The Influence of Green Entrepreneurship on Sustainable Development in Saudi Arabia: The Role of Formal Institutions," IJERPH, MDPI, vol. 18(10), pages 1-23, May.
    14. Peter M. Bican & Alexander Brem, 2020. "Digital Business Model, Digital Transformation, Digital Entrepreneurship: Is There A Sustainable “Digital”?," Sustainability, MDPI, vol. 12(13), pages 1-15, June.
    15. Payam Hanafizadeh & Ferdos Hatami Lankarani & Shahrokh Nikou, 2022. "Perspectives on management theory’s application in the internet of things research," Information Systems and e-Business Management, Springer, vol. 20(4), pages 749-787, December.
    16. Di Vaio, Assunta & Palladino, Rosa & Pezzi, Alberto & Kalisz, David E., 2021. "The role of digital innovation in knowledge management systems: A systematic literature review," Journal of Business Research, Elsevier, vol. 123(C), pages 220-231.
    17. Paiola, Marco & Schiavone, Francesco & Khvatova, Tatiana & Grandinetti, Roberto, 2021. "Prior knowledge, industry 4.0 and digital servitization. An inductive framework," Technological Forecasting and Social Change, Elsevier, vol. 171(C).
    18. Teresa Riso & Carla Morrone, 2023. "To Align Technological Advancement and Ethical Conduct: An Analysis of the Relationship between Digital Technologies and Sustainable Decision-Making Processes," Sustainability, MDPI, vol. 15(3), pages 1-21, January.
    19. Hanane Rhomad & Karima Khalil & Khalid Elkalay, 2023. "Water Quality Modeling in Atlantic Region: Review, Science Mapping and Future Research Directions," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 37(1), pages 451-499, January.
    20. Delia-Elena Diaconașu & Ionel Bostan & Cristina Căutișanu & Irina Chiriac, 2022. "Insights into the Sustainable Development of the Bioeconomy at the European Level, in the Context of the Desired Clean Environment," IJERPH, MDPI, vol. 19(18), pages 1-14, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jbrese:v:131:y:2021:i:c:p:610-618. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/jbusres .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.