Scenario analysis to determine transformation paths for IoT-based business models

The aim of the study was to develop long-term scenarios for the identification of transformation paths for IoT-based business models. For the analysis and identification of future scenarios, the systematic methodology of scenario analysis was followed. By obtaining future-relevant information through interviews in the context of IoT trends, the scenario technique helps to anticipate opportunities and threats for today’s and tomorrow’s business. Accordingly, the scenarios developed can be used to assist companies in drawing up roadmaps and developing IoT-based business models.