• Corpus ID: 167014495

How Smart, Connected Products Are Transforming Competition

@article{Porter2014HowSC,
  title={How Smart, Connected Products Are Transforming Competition},
  author={Michael E. Porter and James E. Heppelmann},
  journal={Harvard Business Review},
  year={2014},
  volume={92},
  pages={18}
}
Information technology is revolutionizing products, from appliances to cars to mining equipment. Products once composed solely of mechanical and electrical parts have become complex systems combining hardware, sensors, electronics, and software that connect through the internet in myriad ways. These “smart, connected products” offer exponentially expanding opportunities for new functionality, far greater reliability, and capabilities that cut across and transcend traditional product boundaries… 
Smart, connected products change a company’s business strategy orientation
ABSTRACT Smart, connected products have the potential to shift rivalries, opening up numerous new avenues for differentiation and value-added services. New entrants in a smart, connected world face
Establishing Smart Service Systems is a Challenge: A Case Study on Pitfalls and Implications
TLDR
This work performs a revelatory case study at a global white-goods manufacturer to identify pitfalls and derive guidelines for establishing smart service systems, and analyzes how and why the manufacturer’s efforts to establish pay-per-use services based on a smart laundry machine failed.
The impact of IoT on specific business model elements – Insights from multibusiness manufacturing companies
In light of new digital technologies, executives are challenged to rethink their companies’ business models (BM). In the realm of manufacturing, Internet of Things (IoT) solutions, i.e., smart,
Producer-side Use Cases of Digitized Products: What's Best for Your Company?
TLDR
The research can help product manufacturers when building a business case for digitizing their products and identifies three categories of such use cases: product-, service-, and process-related ones.
Business models enabled by Industrie 4.0 and Internet of Things
TLDR
The thesis outlines the differences between the American and German companies in developing the I4.0/IoT business models and provides theoretical and practical grounded assistance to corporations that are today well-known manufacturers.
Shifting towards smart, connected products : a business model innovation perspective
Our everyday products become more and more digitally connected. From home appliances to toys to paper notebooks, products become embedded with sensory devices that allow them to provide more value
Smart Factory Implementation and Process Innovation
TLDR
A preliminary maturity model for smart factory implementation is offered built around three overarching principles: cultivating digital people, introducing agile processes, and configuring modular technologies.
...
...