Comparison of seven business model innovation tools for IoT ecosystems

This paper presents seven different business model innovation tools and how they compare when applied to business model innovation using the internet of thing ecosystem. The work leading up to this publication encompasses research that reviewed existing literature on business innovation tools and establishing internet of things ecosystem characteristic that need to be exposed when working with business model innovation. The conclusion is that the more mature and easy-to-use tools fall short on taking into consideration important internet of things characteristics, while the less mature specialized tools are more inline by exposing these characteristics but falling short on maturity and usability. The paper clearly identifies this gap.