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Internet of Things/Internet of Services economies: generating social and economic value with interactive environments

In: Framing the Economy of the Future

Author

Listed:
  • Paul Manwaring
  • Dré Kampfraath

Abstract

This chapter discusses the Internet of Things (IoT) Internet of Things (IOT)and the Internet of Services (IoS) Internet of Services (IoS) in the context of socio-economic transition economictransitionsocio-economic transitionsbeginning with a brief background and development of the current trends. In a very practical approach, it establishes a clear definition of IoT and IoS and their interrelationship with human interaction at the centre of social and economic value generation. The roles that IoT and IoS play in the Fourth Industrial Revolution and the impact they have on disruptive innovationinnovation by linking the physical, digital, and social worlds are discussed in depth and illustrated in a fresh approach to understanding IoT/IoS interactive ecosystems that create first positive social impact, then economic potential. Real-world examples and in-depth knowledge of the trends provide a unique framework for designing IoT/IoS interactive environments for more inclusive, participatory democracies, and egalitarian alternative economies for a sustainable future.

Suggested Citation

  • Paul Manwaring & Dré Kampfraath, 2024. "Internet of Things/Internet of Services economies: generating social and economic value with interactive environments," Chapters, in: Niels Faber & Sjors Witjes (ed.), Framing the Economy of the Future, chapter 7, pages 191-235, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:18914_7
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    File URL: https://www.elgaronline.com/doi/10.4337/9781789900248.00014
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