IoT Driven Business Model Innovation and Sustainability: a literature review and a case Study in Brazil

The Internet of Things (IoT) promises a revolution in terms of new services, products and possibilities for innovation in business models. Those possibilities, however, are linked to a competitive and social context in which concerns with data privacy and sustainability must be balanced at the risk of getting negative results and damage to firms’ image and reputation. This paper presents a review of the literature that aimed to bring together these concepts (IoT, BMI and privacy/sustainability) and identify how academic research is studying those issues and to identify the main topics and research questions in those studies. We will then present a Brazilian case of Iot Implementation in the context of smart cities and discuss this case considering the topics and questions found in the literature.

[1]  Barbara Kitchenham,et al.  Procedures for Performing Systematic Reviews , 2004 .

[2]  Miao He,et al.  The Internet of Things as an Enabler to Supply Chain Innovation , 2010, 2010 IEEE 7th International Conference on E-Business Engineering.

[3]  R. Casadesus-Masanell,et al.  Business Model Innovation and Competitive Imitation: The Case of Sponsor-Based Business Models , 2013 .

[4]  Nicolai Juul Foss,et al.  Business models and business model innovation: Between wicked and paradigmatic problems , 2017 .

[5]  K. Vrancken,et al.  Transition Thinking and Business Model Innovation–Towards a Transformative Business Model and New Role for the Reuse Centers of Limburg, Belgium , 2016 .

[6]  Edward Smith,et al.  A hybrid approach to enterprise business models , 2015, 2015 AEIT International Annual Conference (AEIT).

[7]  S. Evans,et al.  A literature and practice review to develop sustainable business model archetypes , 2014 .

[8]  Julius D. Golovatchev,et al.  PLM Framework for the Development and Management Smart Energy Products , 2015, PLM.

[9]  Annabeth Aagaard,et al.  Applying Iot as a leverage for business model innovation and digital transformation , 2019, 2019 Global IoT Summit (GIoTS).

[10]  Catherine Mulligan,et al.  From Machine-to-Machine to the Internet of Things - Introduction to a New Age of Intelligence , 2014 .

[11]  M. Porter,et al.  How Smart, Connected Products Are Transforming Competition , 2014 .

[12]  R. Amit,et al.  Value through Business model Innovation Could your company benefit from a new business model ? Consider these six questions . , 2012 .

[13]  Roger Clarke,et al.  Big Data's Big Unintended Consequences , 2013, Computer.

[14]  Mirko Presser,et al.  Comparison of seven business model innovation tools for IoT ecosystems , 2018, 2018 IEEE 4th World Forum on Internet of Things (WF-IoT).

[15]  Friedrich-Alexander,et al.  THE IMPACT OF THE INDUSTRIAL INTERNET OF THINGS ON ESTABLISHED BUSINESS MODELS , 2016 .

[16]  H. Chesbrough Business Model Innovation: Opportunities and Barriers , 2010 .

[17]  Annabeth Aagaard Digital Business Models: Driving Transformation and Innovation , 2020 .

[18]  Richard J. Arend The business model: Present and future—beyond a skeumorph , 2013 .

[19]  D. Sjödin,et al.  Reviewing Literature on Digitalization, Business Model Innovation, and Sustainable Industry: Past Achievements and Future Promises , 2019, Sustainability.

[20]  D. Teece Business Models, Business Strategy and Innovation , 2010 .