Opportunity to Leverage Information-as-an-Asset in the IoT-The Road Ahead

Sylvain Kubler, Min Jung Yoo, Cyril Cassagnes, Kary Främling, Dimitris Kiritsis, Mark Skilton

Research output: Chapter in Book/Report/Conference proceedingConference contributionScientificpeer-review

10 Citations (Scopus)

Abstract

In traditional product companies, creating value meant identifying enduring customer needs and manufacturing well-engineered solutions. Two hundred and fifty years after the start of the Industrial Revolution, this pattern of activity plays out every day, especially in a connected world where products are no longer one-and-done. Making money is not anymore limited to physical product sales and other revenue streams become possible after the initial product sale, which are service-based information and knowledge in today's IoT (including subscriptions and apps, new analytics for cognitive capabilities...). While information and knowledge are the new oil of the IoT era, it nonetheless remains challenging to perceive and extract the real value of those assets, as information is not as tangible and concrete as physical assets. In this respect, this paper introduces the major 'laws of information' and discusses how they can be leveraged to their full extent thanks to the IoT possibilities. Further, the paper discusses the key challenges that remain to be addressed with respect to the current IoT landscape. Finally, a set of real-life business use cases identified by the Open Platform 3.0 Forum are presented from the information law perspective.

Original languageEnglish
Title of host publicationProceedings - 2015 International Conference on Future Internet of Things and Cloud, FiCloud 2015 and 2015 International Conference on Open and Big Data, OBD 2015
PublisherIEEE
Pages64-71
Number of pages8
ISBN (Electronic)9781467381031
DOIs
Publication statusPublished - 19 Oct 2015
MoE publication typeA4 Article in a conference publication
EventInternational Conference on Future Internet of Things and Cloud - Rome, Italy
Duration: 24 Aug 201526 Aug 2015
Conference number: 3

Conference

ConferenceInternational Conference on Future Internet of Things and Cloud
Abbreviated titleFiCloud
CountryItaly
CityRome
Period24/08/201526/08/2015

Keywords

  • Business ecosystem
  • Internet of Things
  • Open Platform 3.0
  • Standards
  • Value creation

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