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Business Value of the IoT : A Project Portfolio Selection Approach

Title data

Fähnle, Annika ; Püschel, Louis ; Röglinger, Maximilian ; Stohr, Alexander:
Business Value of the IoT : A Project Portfolio Selection Approach.
2018
Event: 26th European Conference on Information Systems (ECIS) , 23.-28.06.2018 , Portsmouth, UK.
(Conference item: Conference , Paper )

Official URL: Volltext

Abstract in another language

The Internet of Things (IoT) counts among the most disruptive digital technologies on the mar-ket. Despite the IoT’s emerging nature, there is an increasing body of knowledge related to technological and business topics. Nevertheless, there is a lack of prescriptive knowledge that provides organizations with guidance on the economic valuation of investments in the IoT per-spective. Such knowledge, however, is crucial for pursuing the organizational goal of long-term value maximization. Against this backdrop, we develop an economic decision model that helps organizations determine an optimal IoT project portfolio from a manufacturer’s perspective and complies with the principles of project portfolio selection and value-based management. For our purposes, IoT project portfolios are compilations of projects that aim to implement IoT technol-ogy in an organization’s production process, products, or infrastructure. Our decision model schedules IoT projects for multiple planning periods and considers monetary as well as mone-tized project effects. On this foundation, it determines the project sequence with the highest val-ue contribution. To evaluate our decision model, we discussed its real-world fidelity and under-standability with an industry expert renowned for its proficiency in IoT technology, implemented a software prototype, and demonstrated its applicability based on real-world data.

Further data

Item Type: Conference item (Paper)
Refereed: Yes
Keywords: Internet of Things; economic valuation of IoT; value-based management; project portfolio management
Institutions of the University: Faculties > Faculty of Law, Business and Economics > Department of Business Administration
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Professorship Business Information Systems and Value Oriented Process Management
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Professorship Business Information Systems and Value Oriented Process Management > Professorship Business Information Systems and Value Oriented Process Management - Univ.-Prof. Dr. Maximilian Röglinger
Research Institutions
Research Institutions > Affiliated Institutes
Research Institutions > Affiliated Institutes > Fraunhofer Project Group Business and Information Systems Engineering
Research Institutions > Affiliated Institutes > FIM Research Center Finance & Information Management
Faculties
Faculties > Faculty of Law, Business and Economics
Result of work at the UBT: Yes
DDC Subjects: 000 Computer Science, information, general works > 004 Computer science
300 Social sciences > 330 Economics
Date Deposited: 28 May 2018 13:31
Last Modified: 19 Dec 2018 10:24
URI: https://eref.uni-bayreuth.de/id/eprint/44386