The Progression of Iot Business Model Types: Implications for Supply Chain Management

The current study investigates the progression of Internet of Things (IoT) business models and their implications for supply chain management (SCM). It reviews the existing literature to gain new insights, and through a systematic process identifies three distinct IoT business model types: connectivity, servitization, and data ecosystems. The study delineates how these models leverage IoT to form new business models and what SCM implications can be realized. The connectivity type focuses on data-driven monitoring and connection between devices, users, and firms; the servitization type shifts focus from product to service offerings to enhance the core offerings and operational flexibility, and the data ecosystem type addresses interconnectedness and collaborative innovation. The findings contribute to the theoretical views on the intersection of business models and SCM, particularly in the context of IoT. It also offers insights for businesses aiming to utilize IoT technologies to transform their business models and improve their SCM.