Table 3: Taxonomy of IoT ecosystem-centric Business model Frameworks (extending [83]).
Analytical Context Ecosystem-centric IoT Business Models
Ontological Analysis Existing Business Model (BM) Framework – BM Canvas New Business Model (BM) Framework
Authors Schladofsky et.al. (2016) [62] Iivari et al. (2016) [9] Rong et al., (2015) [63] Westerlund et al., (2014) [74] Turber et. al., (2014) [73] Leminen et al., (2012) [79]
BM elements Value proposition Where
Customer relationships Who Customers
Customer segments
Channels Capacity
Key partners Cooperation Who
Key activities
Key resources Construct
Cost structure
Revenue streams Why
Value Co-creation Value Drivers, Value Nodes, Value exchanges
Value Co-capture Value Extract
Context Value design Ecosystem
Configuration
Change