INTERNET OF THINGS, DIGITALIZATION AND THE FUTURE OF BUSINESS MODELS
Autor (i): Sorin-George Toma, Dragoş Tohănean
JEL: M00
Cuvinte cheie: Internet of Things (IoT), digitalization, business models
Abstract:
Internet of Things (IoT) and digitalization are ultimately terms for one and the same phenomenon: objects we use everyday are becoming interconnected allowing for greater cooperation between systems, collaboration with humans and redefinition of daily activities that allow creation of new paths in business. The digitalization of the world of work is devided into various stages of developmen: computers,automation in production, mobile devices, cloud services, processes - all together becoming one of the main drivers of the busniess world with the Internet. Most companies have spent years on fine-tuning processes and getting them to work individualy. Digitalization means merging processes, about enabling new business models, new revenue opportunities and encouraging service innovation.
To investigate resulting impacts of IoT and digitalization, we draw on the existing business models, deduce specifics for the Internet of Things and analyse the digitalisation path. Building on this, in order to reach the aims of the paper the authors will use a descriptive research method to present the future business models in the era of IoT and digitalization.
Internet of Things (IoT) and digitalization are ultimately terms for one and the same phenomenon: objects we use everyday are becoming interconnected allowing for greater cooperation between systems, collaboration with humans and redefinition of daily activities that allow creation of new paths in business. The digitalization of the world of work is devided into various stages of developmen: computers,automation in production, mobile devices, cloud services, processes - all together becoming one of the main drivers of the busniess world with the Internet. Most companies have spent years on fine-tuning processes and getting them to work individualy. Digitalization means merging processes, about enabling new business models, new revenue opportunities and encouraging service innovation.
To investigate resulting impacts of IoT and digitalization, we draw on the existing business models, deduce specifics for the Internet of Things and analyse the digitalisation path. Building on this, in order to reach the aims of the paper the authors will use a descriptive research method to present the future business models in the era of IoT and digitalization.
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