The idea of the Internet of Things (IoT) has been around for several years now. But still industry – incumbents and startup – search for applications and appropriate business models. This course introduces the most important concepts of the internet of things and various mechanisms that make IoT useful. The IoT value stack is introduced, too, as well as a short introduction to business model innovation.

Outcomes

• You will be able to ideate applications for the Internet of Things in your business context.
• You will gain an understanding of the business implications of the Internet of Things.
• You will be able to design Business Models for Internet of Things applications