Demystifying the Design of Industrial IoT Platform-Based Business Models – Archetypes and Their Strategic Response to Main Challenges

Simple item page
dc.contributor.authorMillan, Michael
dc.contributor.authorLüttgens, Dirk
dc.contributor.authorBrenk, Sebastian
dc.contributor.authorPiller, Frank
dc.date.accessioned2023-12-26T18:49:15Z
dc.date.available2023-12-26T18:49:15Z
dc.date.issued2024-01-03
dc.identifier.doihttps://doi.org/10.24251/HICSS.2024.745
dc.identifier.isbn978-0-9981331-7-1
dc.identifier.other0750433c-e11a-4964-9ab4-71db80d69904
dc.identifier.urihttps://hdl.handle.net/10125/107131
dc.language.isoeng
dc.relation.ispartofProceedings of the 57th Hawaii International Conference on System Sciences
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectDigital Innovation, Transformation, and Entrepreneurship
dc.subjectarchetypes
dc.subjectindustrial internet of things
dc.subjectplatform-based business model
dc.subjecttaxonomy
dc.titleDemystifying the Design of Industrial IoT Platform-Based Business Models – Archetypes and Their Strategic Response to Main Challenges
dc.typeConference Paper
dc.type.dcmiText
dcterms.abstractPlatforms are on the rise in the Industrial Internet of Things (IIoT) as they transform industrial manufacturing and change how companies create and capture value. More and more companies are starting to develop IIoT platform-based business models (PBMs), but often face difficulties. Since these difficulties have mainly been discussed in business-to-consumer settings, we study those PBMs in an IIoT environment due to their differences from business-to-consumer environments. Using a mixed method, we first develop a taxonomy for IIoT PBMs based on a systematic literature review of 400 articles, 21 interviews, and 45 real-world PBMs and, secondly quantitatively analyze those real-world examples to derive five archetypes. By drawing conclusions about how these difficulties are addressed differently by the archetypes, our study contributes to the emerging research area of platforms in industrial business-to-business settings and guide firms to inform the design of new IIoT PBMs, ensuring they consider strategic factors.
dcterms.extent10 pages
prism.startingpage6211

Files

Original bundle

Now showing 1 - 1 of 1
Thumbnail Image
Name:
0608.pdf
Size:
1.39 MB
Format:
Adobe Portable Document Format
Download

Collections

Digital Innovation, Transformation, and Entrepreneurship