{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,4,16]],"date-time":"2026-04-16T22:37:51Z","timestamp":1776379071792,"version":"3.51.2"},"reference-count":70,"publisher":"MDPI AG","issue":"2","license":[{"start":{"date-parts":[[2021,1,6]],"date-time":"2021-01-06T00:00:00Z","timestamp":1609891200000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/creativecommons.org\/licenses\/by\/4.0\/"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Sensors"],"abstract":"<jats:p>Internet of Things (IoT) should not be seen only as a cost reduction mechanism for manufacturing companies; instead, it should be seen as the basis for transition to a new business model that monetizes the data from an intelligent ecosystem. In this regard, deciphering the operation of the value creation system and finding the balance between the digital strategy and the deployment of technological platforms, are the main motivations behind this research. To achieve the proposed objectives, systems theory has been adopted in the conceptualization stage, later, fuzzy logic has been used to structure a subsystem for the evaluation of input parameters. Subsequently, system dynamics have been used to build a computational representation and later, through dynamic simulation, the model has been adjusted according to iterations and the identified limits of the system. Finally, with the obtained set of results, different value creation and capture behaviors have been identified. The simulation model, based on the conceptualization of the system and the mathematical representation of the value function, allows to establish a frame of reference for the evaluation of the behaviour of IoT ecosystems in the context of the connected home.<\/jats:p>","DOI":"10.3390\/s21020328","type":"journal-article","created":{"date-parts":[[2021,1,6]],"date-time":"2021-01-06T20:45:42Z","timestamp":1609965942000},"page":"328","update-policy":"https:\/\/doi.org\/10.3390\/mdpi_crossmark_policy","source":"Crossref","is-referenced-by-count":7,"title":["Discovering the Value Creation System in IoT Ecosystems"],"prefix":"10.3390","volume":"21","author":[{"ORCID":"https:\/\/orcid.org\/0000-0001-8764-7496","authenticated-orcid":false,"given":"Carlos Alberto","family":"Lopez","sequence":"first","affiliation":[{"name":"Industrial Engineering Department, Facultad de Ingenier\u00eda y Arquitectura, Universidad Nacional de Colombia, Manizales 170003, Caldas, Colombia"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"ORCID":"https:\/\/orcid.org\/0000-0002-2878-8229","authenticated-orcid":false,"given":"Luis Fernando","family":"Castillo","sequence":"additional","affiliation":[{"name":"Industrial Engineering Department, Facultad de Ingenier\u00eda y Arquitectura, Universidad Nacional de Colombia, Manizales 170003, Caldas, Colombia"},{"name":"Grupo de Investigaci\u00f3n Inteligencia Artificial, Departamento de Sistemas e Inform\u00e1tica, Facultad de Ingenier\u00edas, Universidad de Caldas, Manizales 170004, Caldas, Colombia"},{"name":"Departamento de Ciencias Computacionales, Doctorado en Ciencias Cognitivas, Universidad Aut\u00f3noma de Manizales, Manizales 170001, Caldas, Colombia"},{"name":"Air Institute, IoT Digital Innovation Hub, 37188 Salamanca, Spain"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"ORCID":"https:\/\/orcid.org\/0000-0002-2829-1829","authenticated-orcid":false,"given":"Juan M.","family":"Corchado","sequence":"additional","affiliation":[{"name":"Air Institute, IoT Digital Innovation Hub, 37188 Salamanca, Spain"},{"name":"Bisite Research Group, University of Salamanca, 37007 Salamanca, Spain"},{"name":"Department of Electronics, Information and Communication, Faculty of Engineering, Osaka Institute ofTechnology, Osaka 535-8585, Japan"},{"name":"Pusat Komputeran dan Informatik, Universiti Malaysia Kelantan, Kelantan 16100, Malaysia"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"1968","published-online":{"date-parts":[[2021,1,6]]},"reference":[{"key":"ref_1","doi-asserted-by":"crossref","unstructured":"Mazhelis, O., Luoma, E., and Warma, H. 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