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Wireless Sensor Network-Based Service Provisioning by a Brokering Platform.

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Summary
This summary is machine-generated.

This study introduces a business model for Internet of Things services, maximizing profit by encouraging user and Wireless Sensor Network participation. The platform incentivizes all parties for optimal gains.

Keywords:
service provisiontwo-sided marketswireless sensor networks

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Area of Science:

  • Computer Science
  • Network Engineering
  • Business Strategy

Background:

  • The Internet of Things (IoT) enables new service models.
  • Wireless Sensor Networks (WSNs) are key infrastructure for IoT services.
  • A platform is needed to intermediate between users and WSNs.

Purpose of the Study:

  • To propose a profit-maximizing business model for IoT services.
  • To analyze the conditions for platform success.
  • To determine optimal pricing strategies for users and WSN providers.

Main Methods:

  • Economic analysis of a profit maximization problem.
  • Modeling of a platform intermediating between users and WSNs.
  • Analysis of incentive structures for platform adoption.

Main Results:

  • The service provider maximizes profit by incentivizing all users and Wireless Sensor Infrastructure Providers (WSIPs).
  • This strategy is effective for both high and moderate user numbers.
  • A cost ceiling for users, dependent on WSIPs and service value, is identified.

Conclusions:

  • The proposed business model ensures platform growth and profitability.
  • Incentivizing all participants is crucial for maximizing service provider profit.
  • Understanding user cost ceilings is vital for sustainable IoT service provision.