Value creation for IoT: challenges and opportunities within the design and development process
Value creation for IoT: challenges and opportunities within the design and development process
- Author(s): Boyeun Lee ; R. Cooper ; D. Hands ; P. Coulton
- DOI: 10.1049/cp.2019.0127
For access to this article, please select a purchase option:
Buy conference paper PDF
Buy Knowledge Pack
IET members benefit from discounts to all IET publications and free access to E&T Magazine. If you are an IET member, log in to your account and the discounts will automatically be applied.
Living in the Internet of Things (IoT 2019) — Recommend this title to your library
Thank you
Your recommendation has been sent to your librarian.
- Author(s): Boyeun Lee ; R. Cooper ; D. Hands ; P. Coulton Source: Living in the Internet of Things (IoT 2019), 2019 page (8 pp.)
- Conference: Living in the Internet of Things (IoT 2019)
- DOI: 10.1049/cp.2019.0127
- ISBN: 978-1-83953-089-0
- Location: London, UK
- Conference date: 1-2 May 2019
- Format: PDF
IoT initiatives look promising and straightforward, but they are far more complicated to enact as it stands today. Although developing digitised artefacts offers a rich new set of value creation and growth opportunities to organisations, to grab these opportunities encompass a wide variety of strategic risks. In this context, in academia, little attention has been focused on NPD processes, development risks and value creation in IoT. Thus, this paper offers a discussion on what development risks are found, what is new approach to NPD process, and how value for IoT is created comparing its counterpart in traditional manufacturing economy. To achieve this aim, a literature review was undertaken to examine existing value creation and NPD models, which are continuously evolving but not much improved in their application to developing digitalised artefacts. Through a case study, the risks, opportunities and activities for IoT development are further elaborated and critically discussed. Finally, along with a discussion of the strategic development challenges and opportunities, a continuous process of a new NPD model for IoT products and services is proposed.
Inspec keywords: strategic planning; product development; product design; production engineering computing; Internet of Things
Subjects: Planning; Mobile, ubiquitous and pervasive computing; Design; Industrial applications of IT; Production engineering computing
Related content
content/conferences/10.1049/cp.2019.0127
pub_keyword,iet_inspecKeyword,pub_concept
6
6