One size does not fit all. Business models heterogeneity among Internet of Things architecture layers

Research Trends of the Internet of Things in Relation to Business Model Innovation: Results from Co-Word and Content Analyses

In the era of the Internet of Things, innovative business model initiatives continue to deepen, and the trend of search domains continues to expand. This paper aims to scientifically analyze research trends of the Internet of Things in relation to Business Model Innovation through bibliometric studies. The data were collected using the Clarivate Web of Science (WoS) Core Collection (SSCI and SCI indexed) from 2005 to 2022 (November). However, the publications for the research domains started in 2015. The results show that scientific publications on the Internet of Things in relation to Business Model Innovation have increased gradually since 2019. The WoS database is utilized for analyses because it contains journals and conference proceedings deemed more relevant by the academic domain and highly reputable sources for bibliometric studies. The VOS viewer, R Language, and Microsoft Excel were also used to analyze and complete the study. Bibliometric and scientometric analyses were conducted to identify publication patterns, text analysis, most important keywords (co-word, word cloud, and co-occurrence), trends for the topicality, and content clustering for the publication periods. The visualization of the research trends of the Internet of Things in relation to Business Model Innovation resulted in four co-occurrence clusters leading to some of the topic areas mentioned as follows: (1) The Internet of Things, (2) Business model innovation, (3) Technology infrastructure, and (4) Digital transformation and capabilities. The results of this study will assist academics in identifying worldwide research trends related to the Internet of Things and Business Model Innovation as well as recommending future research areas.

Internet of Things (IoT) Technology Research in Business and Management Literature: Results from a Co-Citation Analysis

In coherence with the progressive digitalization of all areas of life, the Internet of Things (IoT) is a flourishing concept in both research and practice. Due to the increasing scholarly attention, the literature landscape has become scattered and fragmented. With a focus on the commercial application of the IoT and corresponding research, we employ a co-citation analysis and literature review to structure the field. We find and describe 19 research themes. To consolidate the extant research, we propose a research framework, which is based on a theoretical implementation process of IoT as a concept, specific IoT applications, or architectures integrated in an adapted input–process–output model. The main variables of the model are an initial definition and conceptualization of an IoT concept (input), which goes through an evaluation process (process), before it is implemented and can have an impact in practice (output). The paper contributes to interdisciplinary research relating to a business and management perspective on IoT by providing a holistic overview of predominant research themes and an integrative research framework.