• Journal of Information Technology Applications and Management
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• v.29 no.1
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• pp.1-28
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• 2022

To realize the vision of internet of things (IoT), where it is expected to bring significant impact to the global economy in the future, consideration of business models in the IoT context is necessary. This research attempts to build an enhanced artifact business model framework based on the definitions of IoT and literature on business models for analysis of IoT businesses. The framework is used to analyze four different types of players: the owner of things, vendors of devices, providers of connectivity and providers of IoT application services. The findings suggest that the owners of things tend to partner with ICT players to complement their weakness, and it tends to be connectivity providers. The device vendors leverage their strength of devices and device platforms to attract and enable 3rd party sensor/devices to interconnect, while the service providers are aiming to penetrate into customer premise. These lead to the following recommendations for non-IT players to consider in expanding into IoT business: 1) take into account differences in product development process between IT and non-IT businesses in expanding into IoT market; 2) collaborate with ICT players that acknowledge and understand the differences.

• The Journal of Society for e-Business Studies
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• v.20 no.2
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• pp.107-123
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• 2015

Internet of Things (IoT) is being globally spotlighted as a fundamental technology to realize hyper-connected society, and as new growth engines of nation and enterprises. Although the technical aspect of IoT receives a great deal of attention as a new business opportunity, the business aspect of IoT is suffering insufficient scholarly research and objective insight. Thus, the business aspect of IoT requires a thorough research on its service market and business opportunities. In order to stimulate the IoT service market and facilitate objective statistic data aggregation, this paper aims to suggest an IoT service categorization model. This model is comprised of three perspectives which are IoT purpose, IoT Player, and IoT Domain; they function as tools to comprehensively analyze the IoT industry. Efficacy of this model has been confirmed by simulating 117 IoT services on the model, in which the results successfully offered the market trend of the IoT service based on Case. This study is able to apply for basic research of IoT-Service Development Plan, and provide practical implications.

• Journal of Convergence for Information Technology
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• v.7 no.1
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• pp.75-79
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• 2017

The purpose of this paper is to propose a method for business process system (BPS) based on the Internet of Things (IoT). As the results of this research the IoT architecture and the business process design are derived. The main findings include the proposed IoT-enabled BPS method, illustrated by the description of the application and its assessment. In addition, the key business processes namely; remote machine monitoring; maintenance of machine; material procurement; product pricing; and information reporting system, are affected by IoT technology. The proposed method of this research could be the reference for the companies which want to have better management performance based on IoT technologies.

• Asia pacific journal of information systems
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• v.29 no.3
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• pp.407-413
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• 2019

This editorial on 'Smart Services and Internet of Things (IoT)' focuses on the topics related to the applications of IoT to consumer products and services, which have become 'smarter' thanks to IoT. This special issue explores, in different ways, the phenomena of smart services and the role of IoT in business innovation across different contexts such as product-service system, car auction, tourism industry, communicating platform, online travel agency, self-service retail, and bike sharing. We hope that this special issue will provide a significant step forward in enabling researchers and practitioners to understand smart services and IoT.

• Journal of Digital Convergence
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• v.12 no.11
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• pp.183-195
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• 2014

This study aims at identifying and prioritizing the application areas for business development of IoT(Internet of Things). In specific, we collected the opinions of the experts on IoT in Korea through the survey based on pairwise comparison, and then we analyzed them using AHP(analytic hierarchy process). As a result, we found that 'Public Safety & Security', 'Automotive & Transportation', and 'Utility & Energy' are the most promising area in realizing IoT-related businesses. Also, we found that the experts had different views according to the positions of their industry in IoT value chain. The analysis showed that the device industry prioritizes 'Public Safety & Security', whereas the network industry does 'Automotive & Transportation'. The experts from the service industry were found to regard 'Utility and Energy' as the most promising commercialization area of IoT.

• Proceedings of the Korea Information Processing Society Conference
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• 2013.11a
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• pp.486-488
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• 2013

In the earth more than half of the space filled with water. In that water most of the part is in the form of oceans. The ocean atmosphere determines climate on the land. Combining the Underwater Acoustic Sensor Network (UWASN) system with Internet Of Things (IoT) is called Internet of Underwater Things (IoUT). Using IoUT we can find the changes in the ocean environment. Underwater sensor nodes are used in UWASN. Underwater sensor nodes are constructive in offshore investigation, disaster anticipation, data gathering, assisted navigation, pollution checking and strategic inspection. By using IoT components such as Database, Server and Internet, ocean data can be broadcasted. This paper introduces IoUT architecture and and explains fish forming application scenario with this IoUT architecture.

• The Journal of Society for e-Business Studies
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• v.20 no.4
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• pp.19-39
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• 2015

Internet of Things (IoT) is expected to provide efficiency and convenience in human life by integrating the Internet into the things that we use in daily lives. IoT can not only create new businesses but also can bring great changes in our lives thanks to the various ways of technical application: defining relationships among things or automatic use of technology by analyzing the usage pattern. This study uses the qualitative research of interviewing the experts to predict the changes that IoT technology is expected to bring in our lives. In addition, this paper analyzes news articles about internet of things in Korea using text-network analysis. This study also discusses the factors which need to be considered to put IoT into successful use in business contexts.

• ETRI Journal
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• v.40 no.6
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• pp.745-758
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• 2018

A wide range of studies in various disciplines has focused on the Internet of Things (IoT) and cyber-physical systems (CPS). However, it is necessary to summarize the current status and to establish future directions because each study has its own individual goals independent of the completion of all IoT applications. The absence of a comprehensive understanding of IoT and CPS has disrupted an efficient resource allocation. To assess changes in the knowledge structure and emerging technologies, this study explores the dynamic research trends in IoT by analyzing bibliographic data. We retrieved 54,237 keywords in 12,600 IoT studies from the Scopus database, and conducted keyword frequency, co-occurrence, and growth-rate analyses. The analysis results reveal how IoT technologies have been developed and how they are connected to each other. We also show that such technologies have diverged and converged simultaneously, and that the emerging keywords of trust, smart home, cloud, authentication, context-aware, and big data have been extracted. We also unveil that the CPS is directly involved in network, security, management, cloud, big data, system, industry, architecture, and the Internet.

• Journal of Digital Convergence
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• v.20 no.5
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• pp.61-68
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• 2022

This study examines the impact of consumers' subjective perception on the quality loyalty of the Internet of things, explores academic innovation schemes, and puts forward business strategies for on-site optimization of the industry. The research methods use online survey methods for Chinese consumers who have used or bought Xiaomi IoT products. The results show that the inherent attributes of Internet of things products have an impact on brand image, and brand image has an impact on customer loyalty. Brand image shows complete media effect in the relationship between hyper-connectivity and customer loyalty of Internet of things products. For the enterprises that develop the Internet of things, obtaining the perceived brand image has a very important strategic significance in expanding the loyal customer base.

• International Journal of Advanced Culture Technology
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• v.5 no.1
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• pp.70-75
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• 2017

Recent development of IT industry including smart phones and communication technologies has resulted in rapid growth of Internet of Things (IoT) technology and relevant markets. The access to IoT is becoming easier thanks to the boards and IoT products, such as Arduino and Raspberry Pi. Large-scale business sites use IoT technology to manage inventories, but small-scale business sites do not. In the present study, We ported Linux-based Raspbian to Raspberry Pi, It utilizes web server communication to control the Arduino through the application We used a color sensor to figure out the kind of inventory. We also built a database using MySQL to store the data. We used raspberry pi to check whether the proposed system works and apply it to small-scale business.