| Company | Type of Business Model | Value Drivers | Value Nodes | Value flows/exchanges | Value extracts |
| A: Global elevator player | Promote IoT offering as advanced service offering | Provide advanced elevators service and predictive maintenance over traditional maintenance | Partner with strong global IoT solution provider, customers and all level of stakeholders | Convert data into useful decision flow to stakeholders and promote customized predictive maintenance service | Provide unique advanced elevator condition base maintenance with monthly subscription charge |
| B: Strong elevator local | Additional remote monitoring feature for equipment offering | Additional feature and functionality in their standard equipment to support distributors | Various IoT vendors (software and hardware), elevator distributors and authoritative bodies | IoT function attached to equipment flow | Selling equipment with build in IoT feature |
| C: Elevator components | IoT platform provider together with integrated elevators control components | Promote data modeling and service to tailor customers service requirement | OEM elevator manufacturers, service company and authoritative bodies | An IoT open platform, centralized database, information and money exchange | Establish IoT open platform to promote data analytical service to tailor needs from clients |