Internet of Things and industrial service supply chains

    Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientific

    Abstract

    Internet of Things (IoT) have been recognized as one of the main trends shaping today the industrial economy. Earlier products composed solely of mechanical and electrical parts, now products have become complex systems that combine hardware, sensors, data storage, microprocessors, software, and connectivity. These "smart, connected products" are disrupting value chains, forcing companies to rethink nearly everything they do. IoT creates huge opportunities for managing product performance, utilization, and uptime, and how products work with related products in broader systems. Then the industrial service business could have completely new forms. The purpose of this paper is to analyze the meaning of IoT for the industrial service supply chains.
    Original languageEnglish
    Title of host publicationProceedings of the 22nd International Symposium on Logistics (ISL 2017)
    Subtitle of host publicationData Driven Supply Chains
    EditorsK.S. Pawar, A. Potter, A. Lisec
    Place of PublicationNottingham
    PublisherUniversity of Nottingham
    Pages329-334
    ISBN (Print)978-0-853-58319-6
    Publication statusPublished - 2017
    MoE publication typeB3 Non-refereed article in conference proceedings
    Event22nd International Symposium on Logistics "Data Driven Supply Chains" - Ljubljana, Slovenia
    Duration: 9 Jul 201712 Jul 2017

    Conference

    Conference22nd International Symposium on Logistics "Data Driven Supply Chains"
    Abbreviated titleISL 2017
    CountrySlovenia
    CityLjubljana
    Period9/07/1712/07/17

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    Keywords

    • Internet of Things
    • value creation
    • business models

    Cite this

    Hemilä, J. (2017). Internet of Things and industrial service supply chains. In K. S. Pawar, A. Potter, & A. Lisec (Eds.), Proceedings of the 22nd International Symposium on Logistics (ISL 2017): Data Driven Supply Chains (pp. 329-334). University of Nottingham.