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Anyone's Game: Economic and Policy Implications of the Internet of Things as a Market for Services

Author

Listed:
  • Jaclyn SELBY

    (University of Southern California)

Abstract

Research suggests the future of the Internet will be defined by ubiquitous computing: a networked environment in which smart objects, called 'Things,' are imbued with identification data and micro-processing power to form an Internet of Things (IoT). Data production across the Internet continues to proliferate at exponential rates. Thus, this paper aims to provide an introductory framework for the IoT as a market for value extraction from captured data, supported by cloud computing and semantic web services. The paper outlines the technological basis for the IoT in brief, as well as assessing the current state of scholarship in this area. The IoT is then divided into four market segments by the type of end-user addressed by service providers (individuals, firms, city-government, national-government) in order to highlight and illustrate the major policy implications of this emerging services market.

Suggested Citation

  • Jaclyn SELBY, 2012. "Anyone's Game: Economic and Policy Implications of the Internet of Things as a Market for Services," Communications & Strategies, IDATE, Com&Strat dept., vol. 1(87), pages 21-40, 3rd quart.
    • Handle: RePEc:idt:journl:cs8701
    as

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    References listed on IDEAS

    as
    1. Kenji KUSHIDA & Jonathan MURRAY & John ZYSMAN, 2012. "The Gathering Storm: Analyzing the Cloud Computing Ecosystem and Implications for Public Policy," Communications & Strategies, IDATE, Com&Strat dept., vol. 1(85), pages 63-85, 1st quart.
    2. Ngai, E.W.T. & Moon, Karen K.L. & Riggins, Frederick J. & Yi, Candace Y., 2008. "RFID research: An academic literature review (1995-2005) and future research directions," International Journal of Production Economics, Elsevier, vol. 112(2), pages 510-520, April.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Internet of Things; ubiquitous computing; big data; cloud computing; policy.;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • L5 - Industrial Organization - - Regulation and Industrial Policy
    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software

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