Smart and Connected Product Business Models

Sezi Cevik Onar; Alp Ustundag

doi:10.1007/978-3-319-57870-5_2

Smart and Connected Product Business Models

Sezi Cevik Onar^*, Alp Ustundag

^*Corresponding author for this work

Department of Industrial Engineering

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

6 Citations (Scopus)

Abstract

A business model describes the value offered by the company. Business models have a significant impact on the success of the business. Smart and connected products, which connect the physical objects by using sensors and communication technology, change the nature of traditional businesses and business models. The value propositions, revenue streams, and technologies offered with these smart and connected products are different from the traditional business models. In this chapter, we define the key features of smart and connected product business models and reveal the successful real life cases with this framework.

Original language	English
Title of host publication	Springer Series in Advanced Manufacturing
Publisher	Springer Nature
Pages	25-41
Number of pages	17
DOIs	https://doi.org/10.1007/978-3-319-57870-5_2
Publication status	Published - 2018

Publication series

Name	Springer Series in Advanced Manufacturing
ISSN (Print)	1860-5168
ISSN (Electronic)	2196-1735

Bibliographical note

Publisher Copyright:
© 2018, Springer International Publishing Switzerland.

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10.1007/978-3-319-57870-5_2

Cite this

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Smart and Connected Product Business Models

Abstract

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