Developing Disruptive Innovations for Sustainability: A Review on Impact of Internet of Things (IOT)

Demands towards sustainable choices in business operations are increasing and more influential solutions are required. This means changes and development of innovations that allow the creation of new markets and value networks by combining new set of sustainability -driven values- finding disruptive innovations for sustainability. Increased digitalization is seen to provide multiple value creation mechanisms and possibilities by enhancing the more effective use of resources. The emergence of IOT (Internet of Things) has connected objects (e.g. physical devices, buildings and vehicles) to existing network of information. IOT can work as a trigger for creation of new markets and value networks by connecting existing information, networked economies and societies together in a new way. Expectations towards IOT solutions are high and they are expected to revolutionize the business markets by promoting the emergence of disruptive innovations for sustainability e.g. in healthcare and transportation solutions, smart cities, intelligent energy services and circular economy. The study focuses on reviewing the impact of IOT in developing these innovations aiming to foster disruptive sustainable change.