Co-author of IoT paper FiCloud 2015 – 3rd International Conference on IOT and Cloud IEEE Rome
- Mark Skilton
- Aug 30, 2015
- 2 min read
Title: “Opportunity to Leverage Information-as-an-Asset in the IoT — The road ahead”
http://orbilu.uni.lu/handle/10993/21825 http://orbilu.uni.lu/bitstream/10993/21825/1/FiCloud_2015.pdf
Co-author of Conference Paper with Sylvain Kubler University of Luxembourg Interdisciplinary Centre for Security, Reliability and Trust (SNT), Professor Min-Jung Yoo Ecole Polytechnique Fédérale de Lausanne – EPFL Laboratory for Computer-aided Design and Production, Cyril Cassagnes, University of Luxembourg Interdisciplinary Centre for Security, Reliability and Trust (SNT) Professor Kary Främling, Aalto University School of Sciences Professor, Dr Dimitris Kiritsis Ecole Polytechnique Fédérale de Lausanne – EPFL Laboratory for Computer-aided Design and Production, Professor Mark Skilton, University of WarwickBusiness School.
Abstract—In traditional product companies, creating value meant identifying enduring customer needs and manufacturing well-engineered solutions. Two hundred and fifty years after the start of the Industrial Revolution, this pattern of activity plays out every day, especially in a connected world where products are no longer one-and-done. Making money is not anymore limited to physical product sales and other revenue streams become possible after the initial product sale, which are service-based information and knowledge in today’s IoT (including subscriptions and apps, new analytics for cognitive capabilities. . . ). While information and knowledge are the “new oil” of the IoT era, it nonetheless remains challenging to perceive and extract the real value of those assets, as information is not as tangible and concrete as physical assets. In this respect, this paper introduces the major “laws of information” and discusses how these laws can be leveraged to their full extend thanks to the IoT possibilities. Further, the paper discusses the key challenges that remain to be addressed in today’s IoT to concretize such laws. Finally, a set of real-life business use cases identified by the Open Platform 3.0TM Forum are presented from the information law perspectives.
Index Terms—Internet of Things; Standards; The Open Platform 3.0; Value creation; Business Services;
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