The Transformative Role of Iot in Entrepreneurial Business Models through Human-Machine Collaboration

This manuscript examines the transformative function of the Internet of Things (IoT) in entrepreneurial business paradigms through human-machine collaboration, anchored in dynamic capabilities theory (1). A comprehensive literature review (2-6) and case study evaluation of industry frontrunners Fitbit (7), John Deere (8), Siemens (9), and Zebra Technologies (10) illustrate how IoT cultivates innovative frameworks such as subscription-based services and Product-as-aService. IoT’s interconnectivity (2), analytics (4), and automation (6) propel scalability and datainformed decision-making; however, challenges such as cybersecurity (11), data confidentiality (12), and the digital divide necessitate remediation. The investigation proposes a conceptual model for IoT-driven entrepreneurship, providing actionable insights. Prospective trends, encompassing blockchain (11) and edge computing (13), will influence IoT’s potential, necessitating ethical implementation for sustainable development. This inquiry enhances the discourse on IoT innovation, underscoring responsible integration in dynamic markets