The transformative effect of the internet of things on business and society

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Journal Title
Journal ISSN
Volume Title
A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä
Date
2019-01
Major/Subject
Mcode
Degree programme
Language
en
Pages
12
129-140
Series
Communications of the association for information systems, Volume 44, issue 1
Abstract
This paper summarizes the discussion in a panel session on the Internet of things (IoT) at the 2017 International Conference on Information Systems (ICIS) in Seoul, Korea. The panel explored a research agenda on IoT technology and its interaction with business and society. IoT refers to the ever-growing number of numerous physical devices that feature software and location-based technologies that connect together in a network and exchange data with one another. IoT has garnered significant attention in information systems due to its rapidly expanding market and demand from a wide range of stakeholders such as consumers, businesses organizations, and government agencies. The IoT may be the next industrial revolution in which interconnected physical devices will automate skills and tasks. In today’s hyper-connected economy, IoT can radically transform businesses and society through increased transparency, optimized production processes, and decreased operating expenses. Overall, the panel identified a six-pronged IS research agenda for IoT that comprises the IoT’s impact on business and society, IoT monetization and end-user services, the IoT as a distributed platform, the convergence of the IoT and blockchain, security concerns and solutions, and the IoT and ethics. The paper concludes with a future direction for IoT.
Description
Keywords
Blockchain technology, Business transformation, End-user services, Ethics, Internet of things, IoT platforms, IoT standards, Monetization, Security
Other note
Citation
Shim , J P , Avital , M , Dennis , A R , Rossi , M , Sørensen , C & French , A 2019 , ' The transformative effect of the internet of things on business and society ' , Communications of the association for information systems , vol. 44 , no. 1 , 5 , pp. 129-140 . https://doi.org/10.17705/1CAIS.04405