dc.description.abstract | Along with the trend of rapid development in IoT(Internet of Things) industries and Smart technologies, the raise of IoE products (Internet of Everything) will generate a massive wave of paradigm shift impact towards to all commercial realms and their existing model of business practices. Consequently, it′ll also indicates the next wave of natural selection for those enterprises who failed to comply.
As the Value Chain concept used to rule and analyze corporate strategic position. In order to survive in the era of IoT, Corporate need to demolish the old rules again. They have to think outside of box that combines Trade from different fields, be innovated and be creative that helps them to produce the adequate IoT product. The challenges and opportunities incurred from these rapid developments in Smart technology of IoE product, how these IoT suppliers need to master their knowhow would be the key towards their future success. Since the common link in IoE product shares below characteristics: custom made small quantity items with multiple categories, product features require monitor, control, optimize or auto update functions, applications require the ability to merge functions cross different fields with the abilities of data analysis, security in after sale service management.
To embrace these possible future business opportunities for the next 10 years of IoE evolution, specially the smart technology IoE sector in particular, how to remain profitable yet still maintain competitive is going to be the key agenda that all smart technology IoE product associated suppliers and innovators in Taiwan try figure out.
While many counties are hastily promote and encourage their own IoT industries, this research will be based on the strategy plans, industry analysis, business operation model analysis as the directions to discuss how IoE control model system suppliers to set their future business strategies and directions. Also in reference to Michael Porter′s Five Forces Model to define the key elements of their successful factors and development strategies
This paper will elaborate further in perspective from Taiwan based IoE control model system suppliers as the case study. How will they create their future product and set their business directions within this wave of evolution.
Hopefully as the study of this paper could assist Taiwan based smart technology IoE product associated suppliers and innovators to redefine their directions in IoT operations. Also enhance their advantages and innovations in IoT sector′s operation that differentiate from other nation′s competitors
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