Impact of IIoT Based Technologies on Characteristic Features and Related Options of Nonownership Business Models - Product Lifecycle Management in the Digital Twin Era Access content directly
Conference Papers Year : 2019

Impact of IIoT Based Technologies on Characteristic Features and Related Options of Nonownership Business Models

Karan Menon
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  • PersonId : 1156738
Hannu Kärkkäinen
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  • PersonId : 1156737
Sameer Mittal
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  • PersonId : 1027478
Thorsten Wuest
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  • PersonId : 990156

Abstract

Industrial internet of things (IIoT) can positively impact business from the process and the technical perspective. There is a limited understanding of the impact of IIoT on business models in general especially the novel nonownership business models (NOBMs). In this paper we analyze the literature, especially case study literature, to understand the impact of IIoT based technologies and related features on the NOBMs using a morphological box (developed by Lay et al. [4]) as a framework. We understood that IIoT- enabled technologies enables the implementation of a larger variety of NOBMs, such as, the pay-per-use, pay-per-output and pay-per-outcome business models, as well as a variety of options related to them. We also realized that there is a need to develop a morphological box for capital intensive manufacturing companies by developing new characteristic features and related options that can take IIoT enabled technologies.
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hal-04444768 , version 1 (07-02-2024)

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Karan Menon, Hannu Kärkkäinen, Sameer Mittal, Thorsten Wuest. Impact of IIoT Based Technologies on Characteristic Features and Related Options of Nonownership Business Models. 16th IFIP International Conference on Product Lifecycle Management (PLM), Jul 2019, Moscow, Russia. pp.302-312, ⟨10.1007/978-3-030-42250-9_29⟩. ⟨hal-04444768⟩
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