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

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  • 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
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    References listed on IDEAS

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    1. 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.
    2. 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.
    3. 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.
    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.
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    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.

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    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

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