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Application to the Development of the Internet of Things (IoT) Business Models -A Simple Approach for Business Models
Devarshi Chatterjee Prof (Dr) Devapriya Chatterjee
Abstract:
The research proposes a simple design approach for models of business and continue to design the theories of the models of business in the style of research, that enables the corporate businesses to generate new values of business, while making the utilization of IT. The analyses of the value of business that is generated by IT, and making the designs of the models of business, that continuously provide the value of business, would be a certain possibility. The application of the proposed method of research into the Internet of Things (IoT), that uses the technology of sensing as well as Global Positioning System (GPS), was assessed for the productivity. In the environment of fast changes, it is quite difficult to make designs of models of business in a sequential development process. The designs of the models of business necessitate an innovative approach to value-leading, that is for identifying the processes in IT, for creating services and products that are more valuable than the cost of the resources. This is done by continuous assessment, and garner knowledge in a short span of time, about the models of business, that are perfect matches to the scenarios of business, and move very close to the target of business. The research proposed a simple design approach for models of businesses, that generate value through the methods of design of the model of business, using approaches that are based on IT. The proposed research would be applied to the design of the models of business of Internet of Things (IoT), and assessed for productivity.