The networked connection of people, processes, data, and things is rapidly rising.
“The benefit of IoE is derived from the compound impact of connecting people, process, data, and things, and the value this increased connectedness creates as everything comes online.”
– Cisco.
For CSPs to unlock IoE market potential, the need to have a modelling capability for the multi-dimensional association between things (entities) is foundational.
The same real-world things (entities) can exist in multiple ecosystem business models but with different associations and association contexts.
Solving this problem is not trivial unless a consistent model is used across multiple digital business models to provide consistency for various functions, e.g. transaction processing and monetisation.