Table 3

IoT research themes in business and management: status and gaps

ThemeSubthemesCurrent research statusResearch gaps
Business TransformationServitization and Advanced Services; Innovation in Business Models; Sustainability and Circular EconomyWell-developed; focus on shift to service-based models and IoT-enabled business modelsMore research needed on long-term sustainability of IoT-based business models
Organizational and Technical FactorsImpacts and Capabilities of Organizations; Smart Manufacturing and Industry 4.0; Technical Architecture and SecurityAdvancing rapidly; emphasis on organizational changes and Industry 4.0 applicationsFurther research required on organizational readiness and change management
User-Centric Applications and EffectsConsumer Behavior and Intelligent Products; Enhancement of Customer/User Experience; Smart Monitoring and ApplicationsGrowing focus; studies on user perceptions and IoT applications in various sectorsNeed for more diverse sector studies beyond manufacturing and smart homes
Challenges and Emerging TechnologiesChallenges in IoT Adoption; IoT and Emerging Technologies; Data Analytics and InsightsActive area of research; addressing adoption barriers and exploring synergies with AI, blockchainMore research needed on overcoming interoperability issues and standards development
Additional ThemesCollaboration among Stakeholders; Ethical ConsiderationsEmerging focus; relatively underrepresentedUrgent need for more research on ethical implications and collaborative IoT solution design

Source(s): Table by authors

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