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This paper introduces the concept of supply ecosystems for exploring the role of the Internet of Things (IoT) and its technologies in value added activities. The paper argues that the IoT has a role in helping to understand the information problems that firms face, and in identifying the way in which IoT technologies can help. To achieve this, the paper examines the vision and scope of the IoT and its perceived potential value to firms. Then, based on the available literature, the paper furthers the existing concept of supply ecosystems and argues that the potential value of the IoT to businesses can only be realized if a holistic, more ecological perspective, is used. The paper hence proposes that supply ecosystems can be used to understand the value of IoT in solving information problems.