Welcome to the InfoSci Platform
Emerging Ecosystems Empowered by AI and IoT Technologies

Emerging Ecosystems Empowered by AI and IoT Technologies

Charilaos Akasiadis
Copyright: © 2022 |Pages: 35
ISBN13: 9781799848431|ISBN10: 1799848434|ISBN13 Softcover: 9781799853787|EISBN13: 9781799848448
DOI: 10.4018/978-1-7998-4843-1.ch005
Cite Chapter Cite Chapter

MLA

Akasiadis, Charilaos. "Emerging Ecosystems Empowered by AI and IoT Technologies." Emerging Ecosystem-Centric Business Models for Sustainable Value Creation, edited by Xenia Ziouvelou and Frank McGroarty, IGI Global, 2022, pp. 97-131. https://doi.org/10.4018/978-1-7998-4843-1.ch005

APA

Akasiadis, C. (2022). Emerging Ecosystems Empowered by AI and IoT Technologies. In X. Ziouvelou & F. McGroarty (Eds.), Emerging Ecosystem-Centric Business Models for Sustainable Value Creation (pp. 97-131). IGI Global. https://doi.org/10.4018/978-1-7998-4843-1.ch005

Chicago

Akasiadis, Charilaos. "Emerging Ecosystems Empowered by AI and IoT Technologies." In Emerging Ecosystem-Centric Business Models for Sustainable Value Creation, edited by Xenia Ziouvelou and Frank McGroarty, 97-131. Hershey, PA: IGI Global, 2022. https://doi.org/10.4018/978-1-7998-4843-1.ch005

Export Reference

Mendeley
Favorite

Abstract

As latest advancements signify the fourth industrial revolution, artificial intelligence (AI) and internet of things (IoT) became the focal points for innovators. IoT-enabled technology can be used to gather and explore huge amounts of data from both virtual and physical environments, and AI provides the means for effectively processing and manipulating resulting information to optimize or automate processes. In this chapter, the related state of the art is presented, along with the characteristics that enable the creation of hybrid innovation ecosystems. An overview of IoT and AI platforms is included, which can be utilized even by non-experts to compose advanced cost-effective services. Also, related notions such as interoperability and engagement are also discussed. Although such components can be applied in a multitude of domains, to provide a concrete example of innovation enablement, the smart grid ecosystem is employed. Here, participants, either from the supply or the demand side, take advantage of IoT and AI technology to address new business requirements that arise.

Request Access

You do not own this content. Please login to recommend this title to your institution's librarian or purchase it from the IGI Global bookstore.