TY - JOUR
T1 - Strategic decision making in smart home ecosystems
T2 - A review on the use of artificial intelligence and Internet of things
AU - Rodriguez-Garcia, Patricia
AU - Li, Yuda
AU - Lopez-Lopez, David
AU - Juan, Angel A.
N1 - Publisher Copyright:
© 2023 The Author(s)
PY - 2023/7
Y1 - 2023/7
N2 - In the context of smart-home ecosystems (SHE), this paper reviews the existing literature on the application of artificial intelligence (AI) and Internet of things (IoT) concepts in strategic decision-making. The paper provides insights about this field by identifying main trends, potential benefits, challenges and opportunities of generating new business models related to the creation of SHE. A conceptual framework is presented and analysed according to three sources of value creation: (i) AI for strategic decision support; (ii) AI for alliances and partnerships; and (iii) AI and IoT in SHE. One of the uniqueness of this paper is the fact that the clustering analysis combines the authors’ assessment with the results of a machine learning method (non-negative matrix factorization). Our findings contribute to enrich both theoretical and managerial perspectives with new forms of corporate development.
AB - In the context of smart-home ecosystems (SHE), this paper reviews the existing literature on the application of artificial intelligence (AI) and Internet of things (IoT) concepts in strategic decision-making. The paper provides insights about this field by identifying main trends, potential benefits, challenges and opportunities of generating new business models related to the creation of SHE. A conceptual framework is presented and analysed according to three sources of value creation: (i) AI for strategic decision support; (ii) AI for alliances and partnerships; and (iii) AI and IoT in SHE. One of the uniqueness of this paper is the fact that the clustering analysis combines the authors’ assessment with the results of a machine learning method (non-negative matrix factorization). Our findings contribute to enrich both theoretical and managerial perspectives with new forms of corporate development.
KW - Artificial intelligence
KW - Internet of things
KW - Smart-home ecosystems
KW - Strategic decision making
UR - http://www.scopus.com/inward/record.url?scp=85154586970&partnerID=8YFLogxK
U2 - 10.1016/j.iot.2023.100772
DO - 10.1016/j.iot.2023.100772
M3 - Review
AN - SCOPUS:85154586970
SN - 2543-1536
VL - 22
JO - Internet of Things (Netherlands)
JF - Internet of Things (Netherlands)
M1 - 100772
ER -