Dynamic Capabilities related Implementation Skills for Internet of Things Solutions in the Digital Economy

Abstract

The digital economy is shaped by the increasing implementation of Internet of Things (IoT) solutions. These solutions enable the vertical integration of smart objects into existing information systems, thereby realizing the vision that every physical object obtains a digital identity. However, dynamic characterizes the technologically driven IoT market and requires related capabilities from enterprises, aiming to provide IoT solutions. Therefore, the purpose of this study is to explore which DC are sufficient for the implementation of effective IoT solutions by taking a DC perspective. Based upon an empirical survey of IoT solution integrators and an exploratory fuzzy-set qualitative comparative analysis (fsQCA), our results show that the combination of differentiation strategy, technological and entrepreneurial orientation enables the implementation of effective IoT solutions. The results further provide a theoretical contribution for a DC discussion in the IoT research area and, offer implementation recommendations for enterprises about how to manage IoT solution implementation.