In our society, more and more things are being connected and sensors are embedded into products to collect real-time data. This development goes under various terms such as the Internet of Things (IoT), Industrial Internet, Industry 4.0, Machine-to-Machine Communication, and the Internet of Everything. Forecasts from, among others, Ericsson have pointed out that the number of connected products in the world will pass 50 billion by 2020.
Connected products create the conditions for collecting detailed data such as status of the equipment, its use, location, identity, history, etc., but also sending out data to the products, which, for example, facilitates software updates. This allows the manufacturer to deliver more content and more services in their solutions, for example, the business commitment may be that the supplier is paid after achieved production targets or availability instead of traditional business engagements linked to product deliveries.
At the department, we have many years of experience in studying IoT and its effects on organization, business models and interaction. We conduct both research projects and doctoral projects in this field and we work with private as well as public organizations. Please contact us if you are interested in knowing more about our research or cooperating with us.