Abstract
This paper looks at smart cities as IoT ecosystems and identifies different actors’ opportunities for business model innovation. Taking a service science approach, it suggests that smart cities enable business model innovation for the three different roles in the IoT ecosystem. The paper describes areas for business model innovation in different value creation dimensions. Thus, the smart city IoT ecosystem can foster improvements in capabilities, technology, partnerships and processes. By identifying these areas, Ideators, Designers and Intermediaries can find opportunities for designing new or modifying their current business models. The paper contributes to the understudied area of business model innovation in smart city IoT ecosystems.
| Original language | English |
|---|---|
| Title of host publication | Proceedings of the ISPIM Innovation Summit - Building the Innovation Century |
| Publisher | International Society for Professional Innovation Management (ISPIM) |
| ISBN (Electronic) | 978-952-335-083-0 |
| Publication status | Published - 2017 |
| MoE publication type | A4 Article in a conference publication |
| Event | ISPIM Innovation Summit: Building the Innovation Century - Melbourne, Australia Duration: 10 Dec 2017 → 13 Dec 2017 |
Conference
| Conference | ISPIM Innovation Summit |
|---|---|
| Abbreviated title | ISPIM |
| Country/Territory | Australia |
| City | Melbourne |
| Period | 10/12/2017 → 13/12/2017 |
Keywords
- Business model innovation
- smart city
- Internet of Things (IoT)
- Ecosystem
- role
- Value creation
