IDEAS home Printed from https://ideas.repec.org/a/aes/jetimm/v1y2017i1p8-21.html
   My bibliography  Save this article

The Industrial Internet of Things from a Management Perspective: A Systematic Review of Current Literature

Author

Listed:
  • Christian Arnold

    (Friedrich-Alexander University Erlangen-Nürnberg)

Abstract

The Industrial Internet of Things (IIoT) refers to a novel manufacturing paradigm. In its core, it enables real-time, smart, horizontal, and vertical connection of machines, objects, and people resulting in a smart factory. To date, the IIoT has primarily been researched from a technical perspective, while economic research is still in its infancy. In order to promote scientific discussion from a management perspective, this paper aims at systematically analyzing and displaying the current state of economic IIoT research. Thus, research gaps can be identified and targeted future management research can be supported. A systematic literature review is chosen as research method since it is appropriate for the identification, evaluation, synthesis and discussion of existing academic works. A structured selection process with regard to high quality and subject relevance revealed 52 publications published between 2011 and 2016 to be further analyzed in detail. This examination identified four topics discussed in current management literature. Most of the identified articles address IIoT Ecosystem aspects. This includes IIoT-related strategic implications in terms of business partners and other stakeholders, e.g., non-governmental organizations. The topic IIoT Business Models deals with IIoT-triggered effects on established business models to ensure future viability as well as with novel, innovative business concepts. Literature focusing on IIoT Technology Adoption addresses strategic recommendations in terms of both manufacturing transition and adoption requirements. Lastly, IIoT Qualification articles dwell on implications of increasingly digitized work environments for appropriate job designs and qualification requirements. By providing a comprehensive and clearly displayed current state of research as well as showing respective research gaps, the findings are highly relevant for future economic IIoT research. Moreover, this article supports managerial practitioners in understanding the IIoT and its inevitable effects on industrial companies by presenting insights into strategic management in the era of digitized and connected industrial value creation and capture.

Suggested Citation

  • Christian Arnold, 2017. "The Industrial Internet of Things from a Management Perspective: A Systematic Review of Current Literature," Journal of Emerging Trends in Marketing and Management, The Bucharest University of Economic Studies, vol. 1(1), pages 8-21, October.
  • Handle: RePEc:aes:jetimm:v:1:y:2017:i:1:p:8-21
    as

    Download full text from publisher

    File URL: http://www.etimm.ase.ro/RePEc/aes/jetimm/2017/ETIMM_V01_2017_76.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Rong, Ke & Hu, Guangyu & Lin, Yong & Shi, Yongjiang & Guo, Liang, 2015. "Understanding business ecosystem using a 6C framework in Internet-of-Things-based sectors," International Journal of Production Economics, Elsevier, vol. 159(C), pages 41-55.
    2. Hartmut Hirsch-Kreinsen, 2016. "Digitization of industrial work: development paths and prospects [Digitalisierung industrieller Arbeit: Entwicklungspfade und Perspektiven]," Journal for Labour Market Research, Springer;Institute for Employment Research/ Institut für Arbeitsmarkt- und Berufsforschung (IAB), vol. 49(1), pages 1-14, July.
    3. Burmeister, & Lüttgens, & Piller,, 2016. "Business Model Innovation for Industrie 4.0: Why the "Industrial Internet" Mandates a New Perspective on Innovation," Die Unternehmung - Swiss Journal of Business Research and Practice, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 70(2), pages 124-152.
    4. Robert J. David & Shin‐Kap Han, 2004. "A systematic assessment of the empirical support for transaction cost economics," Strategic Management Journal, Wiley Blackwell, vol. 25(1), pages 39-58, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. ÄŒreÅ¡nar, Rok & Nedelko, Zlatko, 2019. "Competencies as a Criterion for Assessing the Readiness of Organizations for Industry 4.0 - A Missing Dimension," Proceedings- 11th International Conference on Mangement, Enterprise and Benchmarking (MEB 2019),, Óbuda University, Keleti Faculty of Business and Management.
    2. Vitkauskaitė, Elena & Varaniūtė, Viktorija & Bouwman, Harry, 2019. "Evaluating SMEs Readiness to Transform to IoT-Based Business Models," 30th European Regional ITS Conference, Helsinki 2019 205220, International Telecommunications Society (ITS).
    3. Fonseca Luis Miguel, 2018. "Industry 4.0 and the digital society: concepts, dimensions and envisioned benefits," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 12(1), pages 386-397, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Weking, Jörg & Stöcker, Maria & Kowalkiewicz, Marek & Böhm, Markus & Krcmar, Helmut, 2020. "Leveraging industry 4.0 – A business model pattern framework," International Journal of Production Economics, Elsevier, vol. 225(C).
    2. Shi, Xianwei & Liang, Xingkun & Luo, Yining, 2023. "Unpacking the intellectual structure of ecosystem research in innovation studies," Research Policy, Elsevier, vol. 52(6).
    3. Schniederjans, Dara G. & Curado, Carla & Khalajhedayati, Mehrnaz, 2020. "Supply chain digitisation trends: An integration of knowledge management," International Journal of Production Economics, Elsevier, vol. 220(C).
    4. Alfonso Vargas Sánchez, 2004. "Empresas cooperativas, ventaja competitiva y tecnologías de la información," CIRIEC-España, revista de economía pública, social y cooperativa, CIRIEC-España, issue 49, pages 13-29, August.
    5. Peter G. Klein & Michael E. Sykuta (ed.), 2010. "The Elgar Companion to Transaction Cost Economics," Books, Edward Elgar Publishing, number 4136, March.
    6. Suhada, Thontowi A. & Ford, Jerad A. & Verreynne, Martie-Louise & Indulska, Marta, 2021. "Motivating individuals to contribute to firms’ non-pecuniary open innovation goals," Technovation, Elsevier, vol. 102(C).
    7. Gerrit Rooks & Werner Raub & Frits Tazelaar, 2006. "Ex Post Problems in Buyer–Supplier Transactions: Effects of Transaction Characteristics, Social Embeddedness, and Contractual Governance," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 10(3), pages 239-276, September.
    8. Rong, Ke & Shi, Yongjiang & Shang, Tianjiao & Chen, Yantai & Hao, Han, 2017. "Organizing business ecosystems in emerging electric vehicle industry: Structure, mechanism, and integrated configuration," Energy Policy, Elsevier, vol. 107(C), pages 234-247.
    9. Delgosha, Mohammad Soltani & Hajiheydari, Nastaran & Talafidaryani, Mojtaba, 2022. "Discovering IoT implications in business and management: A computational thematic analysis," Technovation, Elsevier, vol. 118(C).
    10. Jie Ren & Jar-Der Luo & Ke Rong, 2020. "How Do Venture Capitals Build Up Syndication Ecosystems for Sustainable Development?," Sustainability, MDPI, vol. 12(11), pages 1-14, May.
    11. Mark L. Diana, 2009. "Exploring information systems outsourcing in U.S. hospital-based health care delivery systems," Health Care Management Science, Springer, vol. 12(4), pages 434-450, December.
    12. Benoit A. Aubert & Jean Francois Houde & Suzanne Rivard & Michel Patry, 0. "Determinants of contract completeness for information technology outsourcing," Information Technology and Management, Springer, vol. 0, pages 1-16.
    13. Xin Cao & Taohua Ouyang & Puzant Balozian & Sixuan Zhang, 2020. "The Role of Managerial Cognitive Capability in Developing a Sustainable Innovation Ecosystem: A Case Study of Xiaomi," Sustainability, MDPI, vol. 12(17), pages 1-27, September.
    14. Robert Gibbons, 2010. "Transaction‐Cost Economics: Past, Present, and Future?," Scandinavian Journal of Economics, Wiley Blackwell, vol. 112(2), pages 263-288, June.
    15. Indro, Daniel C. & Richards, Malika, 2007. "The determinants of foreign partner's equity ownership in Southeast Asian joint ventures," International Business Review, Elsevier, vol. 16(2), pages 177-206, April.
    16. Jörg Claussen & Tobias Kretschmer & Nils Stieglitz, 2015. "Vertical Scope, Turbulence, and the Benefits of Commitment and Flexibility," Management Science, INFORMS, vol. 61(4), pages 915-929, April.
    17. Speklé, R.F. & van Elten, H.J. & Kruis, A.M., 2005. "Sourcing of Internal Auditing: An Empirical Study," ERIM Report Series Research in Management ERS-2005-046-F&A, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    18. Marzena Podgórska, 2022. "Challenges and Perspectives in Innovative Projects Focused on Sustainable Industry 4.0—A Case Study on Polish Project Teams," Sustainability, MDPI, vol. 14(9), pages 1-20, April.
    19. Christian Balcells, 2022. "Determinants of firm boundaries and organizational performance: an empirical investigation of the Chilean truck market," Journal of Evolutionary Economics, Springer, vol. 32(2), pages 423-461, April.
    20. Marco Capasso & Michael Spjelkavik Mark, 2021. "The Evolving Economic Employment of ICT Education: The Case of Norway," Sustainability, MDPI, vol. 13(15), pages 1-18, July.

    More about this item

    Keywords

    Industrial Internet of Things; Industry 4.0; Industrial Value Creation; Industrial Manufacturing; Literature Review.;
    All these keywords.

    JEL classification:

    • L00 - Industrial Organization - - General - - - General
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • M15 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - IT Management
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aes:jetimm:v:1:y:2017:i:1:p:8-21. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Lucian Onisor (email available below). General contact details of provider: https://edirc.repec.org/data/aseeero.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.