Understanding The Machine Economy Combining Findings From Science And

Duda, Sebastian ; Stoetzer, Jens-Christian ; Guggenberger, Tobias ; Urbach, Nils: Understanding the Machine Economy : Combining Findings From Science and Practice. In: International Journal of Innovation and Technology Management. Bd. 21 (2024) Heft 4 . - 2450034. ISSN 0219-8770 DOI: https://doi.org/10.1142/S0219877024500342

The machine economy is an emergent phenomenon that combines multiple emerging digital technologies, such as IoT, AI, or blockchain, enabling economically autonomous acting machines. We investigate this phenomenon by combining a literature review and a qualitative interview study across different industries to derive propositions about the machine economy. Finally, we develop a five-layer model of the machine economy from our propositions that helps academia and practice to further explore this emerging phenomenon. Our results indicate that the machine economy builds on several emerging digital technologies and becomes increasingly relevant for practice and academia.

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