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Evaluating the innovation of the Internet of Things: empirical evidence from the Intellectual Capital assessment

Alan Murray ( University of The West of Scotland Hamilton United Kingdom of Great Britain and Northern Ireland )
Armando Papa ( University of Naples Federico II Naples Italy )
Benedetta Cuozzo ( University of Cassino and Southern Lazio Cassino Italy )
Giuseppe Russo ( University of Cassino and Southern Lazio Cassino Italy )

Business Process Management Journal

ISSN: 1463-7154

Article publication date: 4 March 2016

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Abstract

Purpose

The Internet of Things represents the network connection of people, processes, data and things. Due to the relevant position that this intelligent infrastructure is acquiring, the goal of the paper is to investigate the effects of Internet of Things on the companies’ value, with specific reference to the Intellectual Capital value.

Design/methodology/approach

The methodology is based on a single case study approach with an empirical analysis which aims to analyse whether and how the introduction of the Internet of Things’ innovations influences the value of the Intellectual Capital owned by a company. The evaluation method used for the empirical analysis is the Economic Value Added (EVA). The application is carried out on the company “Cisco Systems Inc.” by analysing the company’s financial reports covering the period 2007-2014.

Findings

The paper demonstrates the impact of the innovation of Internet of Things on Intellectual Capital owned by a high intensity cognitive company by determining its economic value. The results demonstrate that the introduction of projects involving the use of the Internet of Things has increased the value of Intellectual Capital over the years.

Originality/value

As the Internet of Things can guarantee efficiency, social and individual benefits, the effects of the Internet of Things on company performance and, particularly, on intangible corporate dimensions are analysed. Hence, the paper is directed to fill the literature gap on the analysis and evaluation of the Internet of Things’ impact on Intellectual Capital owned by high intensity cognitive companies. The research proposes strategic advice for decision making of companies interested in new technology investments.

Citation

Murray, A., Papa, A., Cuozzo, B. and Russo, G. (2016), "Evaluating the innovation of the Internet of Things: empirical evidence from the Intellectual Capital assessment", Business Process Management Journal, Vol. 22 No. 2. https://doi.org/10.1108/BPMJ-05-2015-0077

Publisher

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Emerald Group Publishing Limited

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