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The Rise of the Machines : Conceptualizing the Machine Economy

Title data

Jöhnk, Jan ; Albrecht, Tobias ; Arnold, Laurin ; Guggenberger, Tobias ; Lämmermann, Luis ; Schweizer, André ; Urbach, Nils:
The Rise of the Machines : Conceptualizing the Machine Economy.
In: 25th Pacific Asian Conference on Information Systems (PACIS). - Dubai , 2021

Official URL: Volltext

Project information

Project title:
Project's official titleProject's id
Projektgruppe WI IoTNo information
Projektgruppe WI Künstliche IntelligenzNo information
Projektgruppe WI BLockchain-LaborNo information

Abstract in another language

Recently a novel phenomenon, the machine economy, experiences rapidly increasing recognition from both research and practice. However, we still lack a thorough conceptual understanding of its driving technologies and their interrelations. This hampers the incorporation of the machine economy in today’s organizations to unleash its full potential. Therefore, we set out with a conceptual research approach. First, we investigate the characteristics of the central technologies, the Internet of Things (IoT), Artificial Intelligence (AI), and Blockchain (BC). Second, we examine the bilateral technology interrelations to explicate their synergistic interplay. Third, we shed light on their trilateral technology convergence and conflate our reasoning into a holistic conceptual model. Finally, we demonstrate the machine economy’s real-world applicability with three exemplary instantiations. Throughout our research approach, we observe the machine economy concept through two theoretical lenses: the theory of self-adaptive systems and the actor-network theory.

Further data

Item Type: Article in a book
Refereed: Yes
Additional notes: Virtual Conference
Keywords: Machine economy; Internet of Things; artificial intelligence; blockchain; self-adaptive systems; actor-network theory
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 > Professor Information Systems Management and Strategic IT Management
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration XVII - Information Systems and Value-Based Business Process Management
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration XVII - Information Systems and Value-Based Business Process Management > Chair Information Systems and Value-Based Business 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: 16 Jul 2021 09:53
Last Modified: 19 Jul 2021 06:20
URI: https://eref.uni-bayreuth.de/id/eprint/66555