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  • 201905_PETRAS

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Value creation for IoT: challenges and opportunities within the design and development process

Research output: Contribution in Book/Report/Proceedings - With ISBN/ISSN › Conference contribution/Paper › peer-review

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Value creation for IoT: challenges and opportunities within the design and development process. / Lee, Boyeun; Cooper, Rachel; Hands, David et al.
Living in the Internet of Things (IoT 2019). IET, 2019.

Research output: Contribution in Book/Report/Proceedings - With ISBN/ISSN › Conference contribution/Paper › peer-review

Harvard

Lee, B, Cooper, R, Hands, D & Coulton, P 2019, Value creation for IoT: challenges and opportunities within the design and development process. in Living in the Internet of Things (IoT 2019). IET, Living in the Internet of Things 2019, London, United Kingdom, 1/05/19. https://doi.org/10.1049/cp.2019.0127

APA

Lee, B., Cooper, R., Hands, D., & Coulton, P. (2019). Value creation for IoT: challenges and opportunities within the design and development process. In Living in the Internet of Things (IoT 2019) IET. https://doi.org/10.1049/cp.2019.0127

Vancouver

Lee B, Cooper R, Hands D, Coulton P. Value creation for IoT: challenges and opportunities within the design and development process. In Living in the Internet of Things (IoT 2019). IET. 2019 doi: 10.1049/cp.2019.0127

Author

Lee, Boyeun ; Cooper, Rachel ; Hands, David et al. / Value creation for IoT : challenges and opportunities within the design and development process. Living in the Internet of Things (IoT 2019). IET, 2019.

Bibtex

@inproceedings{e9ec12025ea44932a04cf2911222f20b,
title = "Value creation for IoT: challenges and opportunities within the design and development process",
abstract = "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.",
author = "Boyeun Lee and Rachel Cooper and David Hands and Paul Coulton",
year = "2019",
month = oct,
day = "1",
doi = "10.1049/cp.2019.0127",
language = "English",
isbn = "9781839530890",
booktitle = "Living in the Internet of Things (IoT 2019)",
publisher = "IET",
note = "Living in the Internet of Things 2019, PETRAS'19 ; Conference date: 01-05-2019 Through 02-05-2019",
url = "https://events2.theiet.org/living-iot/index.cfm?utm_source=redirect&utm_medium=legacyredirects&utm_campaign=2019relaunch",

}

RIS

TY - GEN

T1 - Value creation for IoT

T2 - Living in the Internet of Things 2019

AU - Lee, Boyeun

AU - Cooper, Rachel

AU - Hands, David

AU - Coulton, Paul

PY - 2019/10/1

Y1 - 2019/10/1

N2 - 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.

AB - 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.

U2 - 10.1049/cp.2019.0127

DO - 10.1049/cp.2019.0127

M3 - Conference contribution/Paper

SN - 9781839530890

BT - Living in the Internet of Things (IoT 2019)

PB - IET

Y2 - 1 May 2019 through 2 May 2019

ER -