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Internet of Things Business Impact
Highest Rated
Rating: 4.5 out of 5(7,410 ratings)
17,769 students

Internet of Things Business Impact

How to make the most out of IoT and Digital Transformation
Highest Rated
Created byProf. Dr. Markus Weinberger
Last updated 3/2024
English

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.

Course content

12 sections • 42 lectures • 6h 24m total length

  • Introduction to the Course2:37

    Explore the internet of things business impact by examining IoT technology, consumer benefits, monetization of physical and digital IoT, revenue models, and cost optimization through real-world examples.

  • How this Course Works
  • What is Internet of Things2:18
  • IoT Example Applications9:02

    Explore real-world IoT applications in agriculture and smart home, using sensors to measure soil moisture and temperature, monitor weather, detect risks, and alert for rapid actions.

  • Connect Every Physical Object5:10

    Explore how exponential advances in sensors, processing power, and energy efficiency enable connecting every physical object, from planes to fridges and cars, to unlock IoT business impact.

  • Summary Introduction to IoT2:24
  • Quiz - Introduction

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.

Who this course is for:

  • 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.

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