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Mapping the Values of IoT

Nicolescu, Razvan; Huth, Michael; Radanliev, Petar; De Roure, David; (2018) Mapping the Values of IoT. Journal of Information Technology , 33 (4) pp. 345-360. 10.1057/s41265-018-0054-1. Green open access

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Abstract

We investigate the emerging meanings of “value” associated with the Internet of Things. Given the current political economy, we argue that the multiple meanings of “value” cannot be reduced to a single domain or discipline, but rather they are invariably articulated at the juxtaposition of three domains: social, economic, and technical. We analyse each of these domains and present domain challenges and cross-domain implications – drawing from an interdisciplinary literature review and gap analysis across sources from academia, business, and governments. We propose a functional model that aggregates these findings into a value-driven logic of the emerging global political economy enabled by digital technology in general and IoT in particular. These conceptual contributions highlight the critical need for an interdisciplinary understanding of the meaning of “value”, so that IoT services and products will create and sustain such concurrent meanings during their entire lifecycle, from design to consumption and retirement or recycling.

Type: Article
Title: Mapping the Values of IoT
Open access status: An open access version is available from UCL Discovery
DOI: 10.1057/s41265-018-0054-1
Publisher version: https://doi.org/10.1057/s41265-018-0054-1
Language: English
Additional information: This article is distributed under the terms of the Creative Commons Attribution 4.0 License (https://www.creativecommons.org/licenses/by/4.0/) which permits any use, reproduction and distribution of the work without further permission provided the original work is attributed as specified on the SAGE and Open Access page (https://us.sagepub.com/en-us/nam/open-access-at-sage).
Keywords: internet of things, political economy, social, economic, technical values
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL SLASH
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Anthropology
URI: https://discovery.ucl.ac.uk/id/eprint/10162775
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