Internet Of Things Business Impact

How to make the most out of IoT and Digital Transformation

What you'll learn
You will be able to ideate applications for Internet of Things in your business context.
You will gain an understanding of the business implications of Internet of Things.
You will be able to design Business Models for Internet of Things applications.
You will get to know many very useful tools for the above tasks.
Requirements
You should be interested in internet of things, digital transformation and strategy. There is no specific knowledge or tools required as a prerequisite.
Description
Quote from a participant (Aug 15, 2020): "This was a great course to help me understand in many different ways how I might bring IoT Solutions to my role in Innovation in my business. It exceeded my expectations, and covered a variety of topics I had not even thought about. Excellent course!"The idea of the Internet of Things (IoT) has been around for several years now. But still industry - incumbents and startup - searches 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. This is the basis for more advanced lections on the impact of IoT on business models and on IoT business opportunities and revenue models.Throughout the course, participants will get to know useful tools and schemas that facilitate transfer to own business context and challenges.This course is for you, if you are enthusiastic about digital transformation and internet of things, but still need to figure out how to translate these ideas to your business context, your strategy and into sustainable business models.There is no specific knowledge or tools needed as a prerequisite to take this course.

Overview

Section 1: Introduction

Lecture 1 Internet of Things – Short term hype or long-lasting development?

Lecture 2 Digitalization and Internet of Things

Lecture 3 Examples of IoT applications from various domains

Lecture 4 Overview and Summary

Lecture 5 Quiz - Open Questions - Food for thought

Section 2: Basic IoT Knowledge

Lecture 6 Intro

Lecture 7 The vision of the internet of things

Lecture 8 IoT Market Segments

Lecture 9 Example IoT Applications

Lecture 10 IoT is in about the same state as the internet was in the 90s

Section 3: IoT Value Stack

Lecture 11 Intro

Lecture 12 IoT Value Stack - Comfylight

Lecture 13 IoT Solutions and Components

Lecture 14 Reading Material

Section 4: Smart Products

Lecture 15 Intro

Lecture 16 Smart Products

Lecture 17 Hybrid Value Proposition of Smart Products

Lecture 18 Reading Material

Lecture 19 Exercise

Section 5: High Resolution Data

Lecture 20 Intro

Lecture 21 High Resolution Data

Lecture 22 Locking at high resolution data

Lecture 23 Reading Material

Section 6: Behavioral Economics

Lecture 24 Intro

Lecture 25 Dan Ariely - Free!

Lecture 26 Behavioral Economics

Lecture 27 Example Applications

Section 7: Introduction to Business Model Innovation (BMI)

Lecture 28 Introduction "Business Models"

Lecture 29 Business Model Triangle

Lecture 30 Intro Business Model Patterns

Lecture 31 Business Model Patterns

Lecture 32 Reading Material

Section 8: Business Model Patterns and IoT

Lecture 33 Intro - "Business Model Patterns and IoT"

Lecture 34 Video - "Business Model Patterns and IoT"

Lecture 35 IoT Business Mechanisms

Lecture 36 Reading Material

Section 9: IoT Business Model Builder

Lecture 37 Intro - "IoT Business Model Builder"

Lecture 38 IoT Business Model Builder

Lecture 39 Video - "IoT Business Model Builder"

Lecture 40 Reading Material

Section 10: Apply IoT within your business

Lecture 41 Intro - "Apply IoT within your business"

Lecture 42 IoT Solutions and Components

Lecture 43 IoT Business Opportunities

Lecture 44 Video – "IoT Business Opportunities"

Section 11: IoT Revenue Models

Lecture 45 Intro - "IoT Revenue Models"

Lecture 46 The IoT Revenue Model Framework

Lecture 47 Video - "IoT Revenue Models"

Lecture 48 The IoT Revenue Model Framework - continued

Lecture 49 Ecosystem Revenue Patterns

Lecture 50 Video - "Ecosystem Revenue Patterns"

Lecture 51 Quantitative Aspects of IoT Revenue Models

Lecture 52 Video - "Quantitative Aspects of IoT Revenue Models"

Lecture 53 Quantitative Aspects of IoT Revenue Models - continued

Lecture 54 Reading Material

Section 12: Cost Reduction

Lecture 55 Intro - "Cost Reduction"

Lecture 56 Video - "Cost Reduction"

Lecture 57 Examples

Section 13: Ecosystems

Lecture 58 Intro - "Ecosystems"

Lecture 59 Video - IoT Ecosystems

Lecture 60 Motivations for IoT Ecosystems

People enthusiastic about digital transformation and internet of things, who want to better understand how this can be translated into a business strategy and business models.