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The IoT- and Big Data-Driven Data Analysis Services: KM, Implications and Business Opportunities

Author

Listed:
  • Izabella V. Lokshina

    (SUNY Oneonta, Oneonta, USA)

  • Barbara J. Durkin

    (SUNY Oneonta, Oneonta, USA)

  • Cees Lanting

    (DATSA Belgium, Leuven (Kessel-Lo), Belgium)

Abstract

Ubiquitous sensing devices, enabled by wireless sensor network (WSN) technologies, cut across every area of modern day living, affecting individuals and businesses and offering the ability to measure and understand environmental indicators. The proliferation of these devices in a communicating-actuating network creates the Internet of Things (IoT). The IoT provides the tools to establish a major global data-driven ecosystem with its emphasis on Big Data. Now business models may focus on the provision of services, i.e., the Internet of Services (IoS). These models assume the presence and development of the necessary IoT measurement and control instruments, communications infrastructure, and easy access to the data collected and information generated. Different business models may support potential opportunities to create revenue and value for various types of customers. This article contributes to the literature by considering, for the first time, business models, strategic implications and business opportunities for third-party data analysis services.

Suggested Citation

  • Izabella V. Lokshina & Barbara J. Durkin & Cees Lanting, 2018. "The IoT- and Big Data-Driven Data Analysis Services: KM, Implications and Business Opportunities," International Journal of Knowledge Management (IJKM), IGI Global, vol. 14(4), pages 88-107, October.
    • Handle: RePEc:igg:jkm000:v:14:y:2018:i:4:p:88-107
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    Cited by:

    1. Ciampi, Francesco & Demi, Stefano & Magrini, Alessandro & Marzi, Giacomo & Papa, Armando, 2021. "Exploring the impact of big data analytics capabilities on business model innovation: The mediating role of entrepreneurial orientation," Journal of Business Research, Elsevier, vol. 123(C), pages 1-13.
    2. Tlou Maggie Masenya, 2023. "Big Data Analytics as a Game Changer for Business Model Innovation in Small and Medium-Sized Enterprises in South Africa," International Journal of Innovation in the Digital Economy (IJIDE), IGI Global, vol. 14(1), pages 1-17, January.
    3. Jacqueline Zonichenn Reis & Rodrigo Franco Gonçalves & Marcia Terra da Silva & Nikolai Kazantsev, 2022. "Business Models for the Internet of Services: State of the Art and Research Agenda," Future Internet, MDPI, vol. 14(3), pages 1-18, February.

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