Interview with Alex Bassi, IoT-A Technical Coordinator

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Interview with Alex Bassi, IoT-A Technical Coordinator, IoT-Architecture Community Newsletter, i. 4

Topics Business Model, Property


"Can you expand a bit on your view of IoT and business models, specifically the leasing factor?

Internet revolutionized the "old style" business models. IoT can bring a similar revolution. Full traceability of goods can be the key of "IoT-enabled" business models. While so far the accent was mainly put on privacy concerns, we can look this issue from a different point of view. Given that security issues and privacy is respected, having full traceability allows the development of service offering, rather than ownership. For instance, cars can be replaced by transportation services, and sharing and pay-per-use schemes can be applied to a common set of cars. It’s a few step further the current rent-a-car, and initiatives such as Zipcar and WeGo are going towards this direction. As a long-term vision, it could even lead to a "more sustainable" consumerism, as “owning” an object could be replaced by “using” it."

How Smart, Connected Products Are Transforming Competition defines these aletrnative models as product-as-a-service model and product-sharing model.