Abstract

This paper reports on a study of the taxonomy of innovations for wearable products and services. The analysis and discussion lead to a multidimensional framework of innovations, with a particular emphasis on a technology stack, business models, products, services, and platform innovations. We argue that the multi-sided platform might possibly be a successful business model for the adoption of IOT wearable products. We develop IOT-wearable, business-model pattern and the general definition of the IOT- Wearable, Multi-sided Platform. The research contains guidelines to help practitioners and policy makers develop platform-enabled wearable, innovation strategies through the consideration of various levels of wearable business models and MSP strategy. It offers a relevant source of ideas and guidance for anyone interested in research and practice related to rethinking wearable-fashion, product and service innovation.

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