Models for Innovative IoT Ecosystems

Abstract

The Internet of Things is a concept and a paradigm with various visions and multidisciplinary activities. The present paper first gives shortly a background on the evolution of the Internet of Things. The trends which drives the evolution of the business perspectives to the Internet of Things are presented. As well, it discusses the two classes of Internet of Things business models that have emerged -- the vertical and horizontal one. Furthermore, the paper gives an overview of different approaches for horizontal integration of Internet of Things ecosystems as the one of Intel, Amazon, Google, Microsoft, IBM, etc. In conclusion, the business model development is outlined and it is pointed out that the horizontal integration is the one that will most probably thrive in the near future.