Evaluating the innovation of the Internet of Things: Empirical evidence from the intellectual capital assessment

Alan Murray, Armando Papa, Benedetta Cuomo, Giuseppe Russo

Research output: Contribution to journalArticle

Abstract

Purpose
– The Internet of Things (IoT) represents the network connection of people, processes, data and things. Due to the relevant position that this intelligent infrastructure is acquiring, the purpose of this paper is to investigate the effects of IoT on the companies’ value, with specific reference to the intellectual capital value.

Design/methodology/approach
– The methodology is based on a single case study approach with an empirical analysis which aims to analyse whether and how the introduction of the IoT’ innovations influences the value of the intellectual capital owned by a company. The evaluation method used for the empirical analysis is the Economic Value Added. The application is carried out on the company “Cisco Systems Inc.” by analysing the company’s financial reports covering the period 2007-2014.

Findings
– The paper demonstrates the impact of the innovation of IoT on intellectual capital owned by a high intensity cognitive company by determining its economic value. The results demonstrate that the introduction of projects involving the use of the IoT has increased the value of intellectual capital over the years.

Originality/value
– As the IoT can guarantee efficiency, social and individual benefits, the effects of the IoT on company performance and, particularly, on intangible corporate dimensions are analysed. Hence, the paper is directed to fill the literature gap on the analysis and evaluation of the IoT’ impact on intellectual capital owned by high intensity cognitive companies. The research proposes strategic advice for decision making of companies interested in new technology investments.
Original languageEnglish
Pages (from-to)341-356
JournalBusiness Process Management Journal
Volume22
Issue number2
DOIs
Publication statusPublished - 2016

Fingerprint

Empirical evidence
Innovation
Internet of things
Intellectual capital
Empirical analysis
Company performance
Evaluation method
Methodology
Design methodology
Guarantee
Social efficiency
Economic value
Technology investment
Decision making
Economic value added
Evaluation
Intangibles

Cite this

@article{ce6423c2fd174041b3f434d57e9e6e26,
title = "Evaluating the innovation of the Internet of Things: Empirical evidence from the intellectual capital assessment",
abstract = "Purpose– The Internet of Things (IoT) represents the network connection of people, processes, data and things. Due to the relevant position that this intelligent infrastructure is acquiring, the purpose of this paper is to investigate the effects of IoT on the companies’ value, with specific reference to the intellectual capital value.Design/methodology/approach– The methodology is based on a single case study approach with an empirical analysis which aims to analyse whether and how the introduction of the IoT’ innovations influences the value of the intellectual capital owned by a company. The evaluation method used for the empirical analysis is the Economic Value Added. The application is carried out on the company “Cisco Systems Inc.” by analysing the company’s financial reports covering the period 2007-2014.Findings– The paper demonstrates the impact of the innovation of IoT on intellectual capital owned by a high intensity cognitive company by determining its economic value. The results demonstrate that the introduction of projects involving the use of the IoT has increased the value of intellectual capital over the years.Originality/value– As the IoT can guarantee efficiency, social and individual benefits, the effects of the IoT on company performance and, particularly, on intangible corporate dimensions are analysed. Hence, the paper is directed to fill the literature gap on the analysis and evaluation of the IoT’ impact on intellectual capital owned by high intensity cognitive companies. The research proposes strategic advice for decision making of companies interested in new technology investments.",
author = "Alan Murray and Armando Papa and Benedetta Cuomo and Giuseppe Russo",
year = "2016",
doi = "10.1108/BPMJ-05-2015-0077",
language = "English",
volume = "22",
pages = "341--356",
journal = "Business Process Management Journal",
issn = "1463-7154",
publisher = "Emerald Publishing Limited",
number = "2",

}

Evaluating the innovation of the Internet of Things : Empirical evidence from the intellectual capital assessment. / Murray, Alan; Papa, Armando; Cuomo, Benedetta; Russo, Giuseppe.

In: Business Process Management Journal, Vol. 22, No. 2, 2016, p. 341-356.

Research output: Contribution to journalArticle

TY - JOUR

T1 - Evaluating the innovation of the Internet of Things

T2 - Empirical evidence from the intellectual capital assessment

AU - Murray, Alan

AU - Papa, Armando

AU - Cuomo, Benedetta

AU - Russo, Giuseppe

PY - 2016

Y1 - 2016

N2 - Purpose– The Internet of Things (IoT) represents the network connection of people, processes, data and things. Due to the relevant position that this intelligent infrastructure is acquiring, the purpose of this paper is to investigate the effects of IoT on the companies’ value, with specific reference to the intellectual capital value.Design/methodology/approach– The methodology is based on a single case study approach with an empirical analysis which aims to analyse whether and how the introduction of the IoT’ innovations influences the value of the intellectual capital owned by a company. The evaluation method used for the empirical analysis is the Economic Value Added. The application is carried out on the company “Cisco Systems Inc.” by analysing the company’s financial reports covering the period 2007-2014.Findings– The paper demonstrates the impact of the innovation of IoT on intellectual capital owned by a high intensity cognitive company by determining its economic value. The results demonstrate that the introduction of projects involving the use of the IoT has increased the value of intellectual capital over the years.Originality/value– As the IoT can guarantee efficiency, social and individual benefits, the effects of the IoT on company performance and, particularly, on intangible corporate dimensions are analysed. Hence, the paper is directed to fill the literature gap on the analysis and evaluation of the IoT’ impact on intellectual capital owned by high intensity cognitive companies. The research proposes strategic advice for decision making of companies interested in new technology investments.

AB - Purpose– The Internet of Things (IoT) represents the network connection of people, processes, data and things. Due to the relevant position that this intelligent infrastructure is acquiring, the purpose of this paper is to investigate the effects of IoT on the companies’ value, with specific reference to the intellectual capital value.Design/methodology/approach– The methodology is based on a single case study approach with an empirical analysis which aims to analyse whether and how the introduction of the IoT’ innovations influences the value of the intellectual capital owned by a company. The evaluation method used for the empirical analysis is the Economic Value Added. The application is carried out on the company “Cisco Systems Inc.” by analysing the company’s financial reports covering the period 2007-2014.Findings– The paper demonstrates the impact of the innovation of IoT on intellectual capital owned by a high intensity cognitive company by determining its economic value. The results demonstrate that the introduction of projects involving the use of the IoT has increased the value of intellectual capital over the years.Originality/value– As the IoT can guarantee efficiency, social and individual benefits, the effects of the IoT on company performance and, particularly, on intangible corporate dimensions are analysed. Hence, the paper is directed to fill the literature gap on the analysis and evaluation of the IoT’ impact on intellectual capital owned by high intensity cognitive companies. The research proposes strategic advice for decision making of companies interested in new technology investments.

U2 - 10.1108/BPMJ-05-2015-0077

DO - 10.1108/BPMJ-05-2015-0077

M3 - Article

VL - 22

SP - 341

EP - 356

JO - Business Process Management Journal

JF - Business Process Management Journal

SN - 1463-7154

IS - 2

ER -