Designing Business Models for the Internet of Things

  title={Designing Business Models for the Internet of Things},
  author={Mika Westerlund and Seppo Leminen and Mervi Rajahonka and Stefan Ferber},
According to Gershenfeld and Vasseur (2014) the impressive growth of the Internet in the past two decades is about to be overshadowed as the "things" that surround us start going online. The "Internet of Things" (IOT), a term coined by Kevin Ashton of Procter & Gamble in 1998, has become a new paradigm that views all objects around us connected to the network, providing anyone with “anytime, anywhere” access to information (ITU, 2005; Gomez et al., 2013). The IOT describes the interconnection… CONTINUE READING
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