A Study on the Structure of Research Domain for Internet of Things Based on Keyword Analysis

Internet of Things (IoT) is considered to be the next wave of Information Technology transformation after the Internet has changed the process of doing business. Since the domain of IoT ranging from the sensor technology to service to the users is wide, the structure of the research domain is not delineated clearly. To do that we suggest to use the Technology Stack Model proposed by Porter et al.(2014) to measure the maturity level of IoT in organizations. Based on the Stack Model, for the general understandings of IoT, we do keyword analyses on the academic papers whose major research issue is IoT. It is found that the current status of IoT application from the perspectives of cloud and big data analytics is not active, meaning that the real value of IoT has not been realized. We also examine the cases which deal with the part of cloud process which is crucial for value accrual. Based on these findings, we suggest the future direction of IoT research. We also propose that IT is to value chain what IoT is to the Stack Model to derive value in organizations.