Mapping the values of IoT

We investigate the emerging meanings of ‘‘value’’ associated with the Internet of Things. Given the current political economy, we argue that the multiple meanings of ‘‘value’’ cannot be reduced to a single domain or discipline, but rather they are invariably articulated at the juxtaposition of three...

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Main Authors: Nicolescu, R, Huth, M, Radanliev, P, De Roure, D
Format: Journal article
Language:English
Published: Springer Verlag 2018
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author Nicolescu, R
Huth, M
Radanliev, P
De Roure, D
author_facet Nicolescu, R
Huth, M
Radanliev, P
De Roure, D
author_sort Nicolescu, R
collection OXFORD
description We investigate the emerging meanings of ‘‘value’’ associated with the Internet of Things. Given the current political economy, we argue that the multiple meanings of ‘‘value’’ cannot be reduced to a single domain or discipline, but rather they are invariably articulated at the juxtaposition of three domains: social, economic, and technical. We analyse each of these domains and present domain challenges and cross-domain implications – drawing from an interdisciplinary literature review and gap analysis across sources from academia, business, and governments. We propose a functional model that aggregates these findings into a value-driven logic of the emerging global political economy enabled by digital technology in general and IoT in particular. These conceptual contributions highlight the critical need for an interdisciplinary understanding of the meaning of ‘‘value’’, so that IoT services and products will create and sustain such concurrent meanings during their entire lifecycle, from design to consumption and retirement or recycling.
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spelling oxford-uuid:75209cee-3f8e-4a3f-be5c-00fe1071ea722022-03-26T20:07:27ZMapping the values of IoTJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:75209cee-3f8e-4a3f-be5c-00fe1071ea72EnglishSymplectic Elements at OxfordSpringer Verlag2018Nicolescu, RHuth, MRadanliev, PDe Roure, DWe investigate the emerging meanings of ‘‘value’’ associated with the Internet of Things. Given the current political economy, we argue that the multiple meanings of ‘‘value’’ cannot be reduced to a single domain or discipline, but rather they are invariably articulated at the juxtaposition of three domains: social, economic, and technical. We analyse each of these domains and present domain challenges and cross-domain implications – drawing from an interdisciplinary literature review and gap analysis across sources from academia, business, and governments. We propose a functional model that aggregates these findings into a value-driven logic of the emerging global political economy enabled by digital technology in general and IoT in particular. These conceptual contributions highlight the critical need for an interdisciplinary understanding of the meaning of ‘‘value’’, so that IoT services and products will create and sustain such concurrent meanings during their entire lifecycle, from design to consumption and retirement or recycling.
spellingShingle Nicolescu, R
Huth, M
Radanliev, P
De Roure, D
Mapping the values of IoT
title Mapping the values of IoT
title_full Mapping the values of IoT
title_fullStr Mapping the values of IoT
title_full_unstemmed Mapping the values of IoT
title_short Mapping the values of IoT
title_sort mapping the values of iot
work_keys_str_mv AT nicolescur mappingthevaluesofiot
AT huthm mappingthevaluesofiot
AT radanlievp mappingthevaluesofiot
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