Internet of Things and Co-creation of Value

This paper introduces a discussion and a conceptual model on value creation considering the concept of the Internet of Things. It is proposed that value creation occurs in different layers that take advantage of the development of the Internet of Things. The three parts are based on manufacturing, s...

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Bibliographic Details
Main Author: Mejtoft, T.
Format: Conference Proceeding
Language:English
Subjects:
co-creation
Industries
Internet
internet of things
Manufacturing
Media
Organizations
Presses
value
Citations: Items that cite this one
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Summary:This paper introduces a discussion and a conceptual model on value creation considering the concept of the Internet of Things. It is proposed that value creation occurs in different layers that take advantage of the development of the Internet of Things. The three parts are based on manufacturing, supporting and co-creative behavior of things. These parts of value creation are not mutually exclusive and value creation can, and should, coexist in all these layers. Hence, for different phases in the development, firms and situations, the layers fit differently into a value creation process.
DOI:10.1109/iThings/CPSCom.2011.75