Business ecosystem model innovation based on Internet of Things big data

The research paper presents a novel big data technique for conceptual modelling of Internet of Things (IoT) networks. This method enables the development of models that incorporate IoT based devices into its activities to give a business for the company while taking into account the business operational activities. This study's major goal is to assist management in making quicker effective options that depend on the structured output from their input to develop IoT networks and resources. In the big data business ecological model based on the Internet of Things, 47.5% of the integrated enterprises started to innovate the enterprise ecological model, which can better help enterprises make decisions and plan. In order to include IoT into business model innovation programs to ensure that IoT is taken into account in the overall strategy business planning and decision-making at all levels, such that the modelling and formal descriptions must be used. A number of interviews with workers from various companies and with their experts, throughout such platform were done to further illuminate this research area. Future challenges will create a constant challenge to create and adopt fresh IoT-related business models for large manufacturing organisations. The high-level strategic steps of business model innovation (BMI) are an intriguing topic for current research. These results represent a first step in the exploration of IoT adoption and serve as a springboard for promising new research directions.