Role of openness in industrial internet platform providers’ strategy

Karan Menon, Hannu Kärkkäinen, Thorsten Wuest

    Research output: Chapter in Book/Report/Conference proceedingConference contributionScientificpeer-review

    5 Citations (Scopus)

    Abstract

    Industrial internet, Industry 4.0 and Cyber-Physical Systems (CPS) can be collectively defined as industrial systems that integrate computational and physical capabilities of machines in order to provide advanced analytics and interact with humans. Industrial internet platforms allow the industrial companies to manage data, information and knowledge effectively within and between product lifecycle phases. Industrial internet platform’s openness plays a very important role in decision making related to platform selection for industrial companies. This paper focuses on various dimensions of openness and how it effects the strategy of platform owners or providers and how this strategy effects in short and long term to their end-users. In order to analyze the above Kaa IoT and PTC ThingWorx have been analyzed to understand the impact of openness dimensions on their strategy and business.
    Original languageEnglish
    Title of host publicationProduct Lifecycle Management and the Industry of the Future
    Subtitle of host publication14th IFIP International Conference, PLM 2017, Seville, Spain, July 10-12, 2017
    EditorsJ. Rios, A. Bernard, A. Bouras, S. Foufou
    PublisherSpringer
    Pages92-105
    Number of pages14
    Volume517
    ISBN (Electronic)978-3-319-72905-3
    ISBN (Print)978-3-319-72904-6
    DOIs
    Publication statusPublished - 9 Dec 2017
    Publication typeA4 Article in conference proceedings
    EventINTERNATIONAL CONFERENCE ON PRODUCT LIFECYCLE MANAGEMENT -
    Duration: 1 Jan 1900 → …

    Publication series

    NameIFIPAICT

    Conference

    ConferenceINTERNATIONAL CONFERENCE ON PRODUCT LIFECYCLE MANAGEMENT
    Period1/01/00 → …

    Keywords

    • Industrial internet
    • platforms
    • PLM
    • openness

    Publication forum classification

    • Publication forum level 2

    ASJC Scopus subject areas

    • Business, Management and Accounting(all)

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