IoT-driven Business Models for ICT and Non-ICT Companies, Forecast to 2020

IoT-driven Business Models for ICT and Non-ICT Companies, Forecast to 2020

Support for Improved Internal Processes, Top Line Figures and Shareholder Value Galvanizes Enterprise Adoption of IoT-driven Models

RELEASE DATE
01-Mar-2016
REGION
Global
Research Code: 9AC0-00-2E-00-00
SKU: TE03546-GL-MR_17096
$1,500.00
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SKU
TE03546-GL-MR_17096
$1,500.00
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Description

The need for enterprises to differentiate themselves from their competitors has become increasingly important. As we continue to witness the emergence of new products and services around us, the emergence of IoT has opened up opportunities with new business models that were not possible before. Connectivity plays a central role because without it, it will not be possible for enterprises to develop new business models. However, IoT has greater value than connecting devices and ubiquitous objects to the Internet. Enterprises have so far confined the use of data to enhance internal processes; which is of limited value in driving their top line figure and generating shareholders’ value.

Table of Contents

Key Findings

What is IoT?

Overview of IoT

IoT Value Chain

IoT Value Chain Definition

How can Enterprises Benefit from IoT?

Market Drivers

Drivers Explained

Drivers Explained (continued)

Market Restraints

Restraints Explained

Restraints Explained (continued)

IoT as an Enabler for Industry Transformation

An Introduction to IoT Business Model

An Introduction to IoT Business Model (continued)

Types of IoT Business Models for New Revenue Streams

Evolution of Business Models

Value Creation for Customers

Value Capture for Shareholders

Uber Taxi—Service Brokerage

Uber Taxi—Ability to Increase the Pool of Drivers

Uber Taxi—Comparison with Traditional Taxi

Uber Taxi—Rating Scale of Business Model

Michelin Fleet Management Solution Information Chain

Michelin Transforms Itself and Disrupts its own Industry

What Michelin Offers to its Stakeholders

Rating Scale—Selling Tyres vs. Servicization

Farmobile Business Model

Farmobile Use of IoT Technology

SurePark Case Study

SurePark Business Model

Google Nest Smart Thermostat

Google Nest Adopts an Integrated Lifestyle Approach

AliveCor Converts a Smartphone into a Mobile ECG

AliveCor Democratizes the Technology with IoT

Fitbit Stays Relevant by Lowering the Cost of Insurance

Fitbit Uses Sensors Coupled with its Proprietary Algorithm

Telefonica Shifts from Selling Connectivity to Data Products

Telefonica Insights Solution Key Success Factors

Singtel Video Analytics Solution Case Study

Singtel’s Evolutionary Strategy Towards Digital Services

Aviva Charges Auto Premium Based on Driving Profile

Aviva Gets More Competitive while Reducing its Risk

Business Models of the 10 Companies

Value Capture vs. Value Proposition Discussion

Value Capture vs. Value Proposition Discussion (continued)

Stakeholders in the IoT Ecosystem

Stakeholders in the IoT Ecosystem (continued)

Enablers of New Business Models

Deploying IoT from a Telco’s Point of View

Considerations in Deploying IoT for New Business Model

Legal Disclaimer

The Frost & Sullivan Story

Value Proposition: Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

Related Research
The need for enterprises to differentiate themselves from their competitors has become increasingly important. As we continue to witness the emergence of new products and services around us, the emergence of IoT has opened up opportunities with new business models that were not possible before. Connectivity plays a central role because without it, it will not be possible for enterprises to develop new business models. However, IoT has greater value than connecting devices and ubiquitous objects to the Internet. Enterprises have so far confined the use of data to enhance internal processes; which is of limited value in driving their top line figure and generating shareholders’ value.
More Information
No Index No
Podcast No
Author Serene Chan
Industries Telecom
WIP Number 9AC0-00-2E-00-00
Is Prebook No