From Innovative Niches to a Cooperative IoT Ecosystem: Creating Business Value for Federated and Interoperable IoT Platforms

This paper presents a novel approach for maximising IoT resources' value built on top of IoT platform federation considerations. The work presented is based on the premise of unifying the fragmented IoT environment that directly impacts on the market and matching heterogeneous user groups while supporting existing businesses. Moreover, it proposes, business value creation in a cooperative environment based on the principles of the sharing economy and the experience and lessons learnt from the symbIoTe project. symbIoTe is part of the IoT European Platform Initiative (IoT-EPI) and aims to enable IoT platform federation towards more cooperative IoT ecosystems.