The Transition Towards Industry 4.0: Business Opportunities and Expected Impacts for Suppliers and Manufacturers

2017 ◽  
pp. 119-126 ◽  
Author(s):  
Chiara Cimini ◽  
Roberto Pinto ◽  
Giuditta Pezzotta ◽  
Paolo Gaiardelli
Keyword(s):  
Industry 4.0 ◽  
Business Opportunities

scholarly journals Business opportunities and evaluation of non-public 5G cellular networks – a survey

2020 ◽  
Vol 12 (3) ◽  
pp. 31-38
Author(s):  
Gábor Soós ◽  
Dániel Ficzere ◽  
Tamás Seres ◽  
Sándor Veress ◽  
István Németh
Keyword(s):  
Cellular Networks ◽  
Industry 4.0 ◽  
New Technology ◽  
Mobile Telecommunications ◽  
Wireless Technologies ◽  
The Family ◽  
Business Opportunities ◽  
Cellular Mobile

The family of cellular mobile telecommunications standards – including 5G – is mostly defined by the 3GPP standardizing organization. While these are well known in are unfamiliar with the concepts and the content of these documents. It is essential to define and designate how 5G is different from existing wired and wireless technologies, what are the main business benefits, and what are the key potential areas according to the new technology achievements. In our work, we present some fundamental aspects of the 5G business potential, where the key motives lay regarding the Industry 4.0 revolution and the innovation of 5G industrial architectures, including vendors, industrial players, and network operators.

scholarly journals METODE ESTD UNTUK PENGAMBILAN KEPUTUSAN GO/NO-GO EKSEKUSI IDE / RENCANA BISNIS PADA ERA INDUSTRI 4.0

2020 ◽  
Vol 14 (1) ◽  
pp. 28-38
Author(s):  
Candra Taufik ◽  
M. Yusuf Sanny
Keyword(s):  
Decision Making ◽  
Industry 4.0 ◽  
Swot Analysis ◽  
Business Plans ◽  
Failure Statistics ◽  
Business Opportunities ◽  
New Business ◽  
New Ideas ◽  
Entrepreneurship Theory ◽  
The Right

Abstrak - Industry 4.0 memberikan peluang disrupsi teknologi terjadi semakin cepat. Teknologi yang muncul beberapa tahun lalu mungkin sudah tergantikan dengan teknologi terbaru, dan teknologi yang muncul saat ini akan tergantikan oleh teknologi yang lahir beberapa tahun ke depan. Bisnis dapat dipengaruhi oleh adanya disrupsi teknologi tersebut. Satu sisi industri 4.0 dapat menciptakan peluang-peluang usaha baru, namun disisi yang lain dapat menjadi ancaman bagi usaha-usaha yang telah jalan. Calon pengusaha dapat memiliki ide / rencana bisnis baru, sementara pengusaha perlu memiliki ide / rencana bisnis baru untuk dapat mempertahankan bisnis yang telah dilaksanakan. Para pengusaha perlu beradaptasi terhadap ancaman-ancaman yang dihadapi dengan senantiasa membuat inovasi-inovasi baru dalam bisnisnya terutama pada era industri 4.0 ini. Eksekusi ide / rencana bisnis dapat langsung dilaksanakan oleh pemiliknya dan kemudian akan menghadapi dua kemungkinan, yaitu kesuksesan atau kegagalan. Statistik menunjukkan bahwa tidak sedikit yang mengalami kegagalan. Banyak juga pengusaha / calon pengusaha yang merasa khawatir terjadi kegagalan sehingga tidak mengeksekusi ide / rencana bisnisnya. Penelitian ini bertujuan untuk mengetahui efektivitas Metode Pengambilan Keputusan Lanjut / Tidak Lanjut (Go/No-Go) dalam eksekusi ide / rencana bisnis pada era Industri 4.0 sebagai alternatif metode selain metode QuickScreen & VOSE (Timmons, 2011), Studi Kelayakan dan Analisis SWOT. Metode Go/No-Go yang dimaksud terdiri dari Explore / Eksplorasi, Select / Pilih, Test / Uji dan Decide / Putuskan atau disingkat ESTD. Dalam penelitian sebelumnya metode tersebut diimplementasikan oleh sejumlah responden dalam pengambilan keputusan lanjut / tidak lanjutnya eksekusi ide / rencana bisnis mereka. Hasil penelitian diharapkan dapat memperkaya teori kewirausahaan dalam proses penyaringan peluang bisnis atau penentuan peluang bisnis (venture opportunity) yang benar.  Metode penelitian yang dipergunakan adalah metode kualitatif dan ditujukan untuk menjawab pertanyaan “Dapatkah metode ESTD dipergunakan sebagai metode pengambilan keputusan go/no-go pada era industri 4.0”. Hasil penelitian memberikan bukti bahwa metode ESTD memiliki beberapa kriteria sehingga dapat digunakan sebagai metode pengambilan keputusan atau pun sebagai metode penyaringan ide / rencana bisnis pada era Industry 4.0. Abstract - Industry 4.0 provides opportunities for technological disruption to occur more quickly. The technology that emerged a few years ago may have been replaced by the latest technology, and the technology that emerges today will be replaced by the technology that was born in the next few years. Business can be affected by the disruption of the technology. One side of industry 4.0 can create new business opportunities, but on the other hand it can be a threat to businesses that have gone ahead. Prospective entrepreneurs can have new ideas / business plans, while entrepreneurs need to have new ideas / business plans to be able to maintain the business that has been implemented. Entrepreneurs need to adapt to the threats they face by always making new innovations in their business, especially in this industry 4.0 era. Execution of ideas / business plans can be directly carried out by the owner and then will face two possibilities, namely success or failure. Statistics show that not a few who experience failure. There are also many entrepreneurs / prospective entrepreneurs who feel worried about failure so they do not execute their ideas / business plans. This study aims to determine the effectiveness of the Go / No-Go Decision Making Method in the execution of business ideas / plans in the Industrial 4.0 era as an alternative method besides the QuickScreen & VOSE method (Timmons, 2011), Feasibility Study and SWOT Analysis. The Go / No-Go method referred to consists of Explore / Exploration, Select / Select, Test / Decide / Decide or abbreviated ESTD. In the previous research, this method was implemented by a number of respondents in their decision making / not continuing the execution of their ideas / business plans. The results of the study are expected to be able to enrich entrepreneurship theory in the process of filtering business opportunities or determining the right business opportunities (venture opportunity). The research method used is a qualitative method and is intended to answer the question "Can the ESD method be used as a go / no-go decision making method in the industrial era 4.0". The results of the study provide evidence that the ESTD method has several criteria so that it can be used as a decision-making method or as a method of filtering ideas / business plans in the Industry 4.0 era.

The Transformation of Supplier-Client Relationship

2021 ◽  
pp. 326-344
Author(s):  
Ghassan Wahbe
Keyword(s):  
Industry 4.0 ◽  
Virtual Enterprise ◽  
Digital Transformation ◽  
New Wave ◽  
Management Processes ◽  
Client Relationship ◽  
Business Opportunities ◽  
External Relationships ◽  
Reduced Costs ◽  
Business Relations

Industry 4.0 has affected everything around us. Today we have entered an era where we must move our focus away from traditional business relations and shift instead to solutions that support the virtual enterprise in which independent businesses align to share skills and resources to sharpen their responses to external business opportunities. Manufacturers, suppliers, and clients need to work jointly to create value and share risk instead of settings tight conditions, KPIs that are hard to implement, and start blaming each other. Business solutions are representing a new wave that is built on technology to overcome the inward-looking nature of old systems and promises a great wave of efficiency and reduced costs by streamlining the management processes of external relationships that is based on trust and governed by innovative contracts. This chapter is describing a real virtual enterprise from the business showing how digital transformation is changing the supplier-client contracting relationship.

scholarly journals Value Configurations for Data and Connectivity Solutions in Digitalized Future Factories

Processes ◽  
2021 ◽  
Vol 9 (12) ◽  
pp. 2233
Author(s):  
Solmaz Mansoori ◽  
Iqra Sadaf Khan ◽  
Petri Ahokangas ◽  
Marja Matinmikko-Blue ◽  
Harri Haapasalo ◽  
...  
Keyword(s):  
Mobile Communications ◽  
Industry 4.0 ◽  
Business Models ◽  
Single Case ◽  
Fifth Generation ◽  
Business Opportunities ◽  
Multiple Case ◽  
Local Operators ◽  
Context Specific ◽  
Fruitful Research

The ongoing Industry 4.0 transformation places significant pressures on how businesses create and capture value. Technological advancements such as next-generation mobile communications are reshaping the business ecosystem of Industry 4.0, resulting in emerging business opportunities for new players, such as local operators, to collaborate and compete with mobile communications companies that are implementing I4.0. These changes raise the need to explore emerging business opportunities concerning the digitalization of future factories. New data and connectivity services are introduced to serve the needs of rapidly increasing machine-type communications that rely on connectivity, primarily through the fifth generation (5G) mobile solutions provided by local operators. Thus, this paper outlines the potential value configurations for data and connectivity solutions by identifying, matching, and bridging the utilizable resources and addressable needs within the factory processes. The research applies an exploratory approach and uses the Gioia method to analyze qualitative data of a single case. The study follows the connectivity-content-context-commerce typology (4C) of Internet business models to structure, analyze, and classify the identified needs and resources in future factories from the perspective of the local operator. The findings show that the content layer of 4C business model typology is the most dominant among data and connectivity-based needs and resources of future factories. The paper contributes by presenting four alternative value configurations for digitalization for local operators in the future factory context: the product, component, platform, and complementary businesses. The results suggest content- and context-specific businesses carries foremost business potential for local operators, however quantitative validation will bring fruitful research avenues. Multiple case studies and different data collection methods may also be considered in future studies.

scholarly journals Strategic Impulses Urgency in the era of Industry 4.0

2019 ◽  
Vol 4 (2) ◽  
pp. 146-148
Author(s):  
Elfindah Princes ◽  
Harjanto Prabowo ◽  
Mohammad Hamsal ◽  
Andi William
Keyword(s):  
Firm Performance ◽  
Industry 4.0 ◽  
Dynamic Capabilities ◽  
Innovation Studies ◽  
Optimal Response ◽  
Rational Decision Making ◽  
Hard Time ◽  
Business Opportunities ◽  
Manage Innovation ◽  
Do So

The speed of changes in the era of Industry 4.0 has left us no choice but to be agile, adaptive and have dynamic capabilities to keep the firm performance on the track(Gilchrist, 2016). Being adaptive and agile means innovation, the firms must innovate and managing innovation. Studies confirm that only 12% of organizations succesfully manage innovation and only half of these do so consistently across time(Kleinknecht et al., 2009). Without any doubts, there are many times when the top managements are having hard time adapting to the situation, especially when inevitable events happen and they must respond at once. This is the part where the strategic impulses are very important, though it is long debated, as Impulse-driven logics are notoriously difficult to identify, isolate and describe (Hunt and Lerner, 2017) and rational decision-making often result in an optimal response of inaction. But it is also undeniable that strategic impulses have given lots of benefits and have lots of business opportunities (Daniel Lerner and Dimo Dimov, 2016). Strategic impulses in the era of industry 4.0 are without any doubt a must to firm performance if the firm wants to survive and increase its performance.

scholarly journals The Collaborative Economy, Tourism and Sustainable Development

2018 ◽  
Author(s):  
Dianne Dredge ◽  
Eóin Meehan
Keyword(s):  
Sustainable Development ◽  
Economic Model ◽  
Industry 4.0 ◽  
Economic Impacts ◽  
Business Practices ◽  
Business Opportunities ◽  
New Business ◽  
The Impact ◽  
Opening Up

This chapter explores the collaborative economy, tourism and sustainability. The emergence of the digital collaborative economy has had profound transformative effects on the structure, organisation and business logics underpinning contemporary tourism (Dredge & Gyimóthy, 2017). It is opening up new business opportunities and livelihoods traditionally inaccessible to many individuals, and is driving deep transformation within existing industry practices. It is, however, not as new as many advocates claim, and can be best understood as an old economic model that has been transformed by the digitalisation processes associated with Industry 4.0 (Gilchrist, 2016; Smit et al., 2016). The collaborative economy has been claimed to be more sustainable than traditional business practices by lowering consumption and using existing resources more effectively (Botsman & Rogers, 2010). However, there is little evidence to support these claims, and for a variety of reasons, it has been difficult to undertake research to verify such assertions (Dredge & Gyimóthy, 2015). What is clear however, is that the collaborative economy is responsible for wide-ranging social and economic impacts and has proven to be very difficult to regulate. Despite these potential concerns, all indications are that it will continue to expand unabated. The impact and effects of the growth of the collaborative economy on sustainability is, therefore, a major issue that warrants further investigation.

Marktkopplung und Ablaufdeterminismus

2017 ◽  
Vol 47 (187) ◽  
pp. 213-228
Author(s):  
Gaus Jobst ◽  
Knop Christopher ◽  
Wandjo David
Keyword(s):  
Industry 4.0 ◽  
Ongoing Debate ◽  
Centralized Planning

Through the ongoing debate different positions support the hypothesis that Industry 4.0 evokes decentralization in everyday works. In this article we argue that the technological premises of Industry 4.0 lead to the contrary: centralized planning ensuing from optimized adaptation to the imperatives of the market. We exemplify this pattern, that we named ‘determinated procedure’, through exemplary cases from different industrial branches. Furthermore, we argue that (indeed) existing decentral moments neither amount to structural decentralization nor to humanizing and empowering concessions to employees, but rather primarily serve to their integration into the enterprise and mobilization of their production intelligence.

THE SERVITIZATION IN INDUSTRY 4.0, FACING CHALLENGES AND TENDENCIES

2018 ◽  
Vol 9 (3) ◽  
pp. 1-19 ◽  
Author(s):  
Silva Leandro Monteiro ◽  
◽  
Viagi Arcione Ferreira ◽  
Giacaglia Giorgio Eugenio Oscare ◽  
◽  
...  
Keyword(s):  
Industry 4.0

PROSPEK USAHA INOVASI SPEAKER DAN PAJANGAN UNIK UPAYA PEMANFAATAN LIMBAH GULUNGAN KERTAS

2019 ◽  
Vol 2 (2) ◽  
pp. 171
Author(s):  
Saputri Rizki Ramadhanti ◽  
Joti Dina Kartikasari ◽  
Alfian Muttoqim Muttoqim ◽  
Umi Farida Farida ◽  
Amanda Oktaviani Amanda
Keyword(s):  
College Students ◽  
Social Media ◽  
Economic Value ◽  
Waste Paper ◽  
Direct Selling ◽  
Paper Waste ◽  
Entrepreneurial Spirit ◽  
Surrounding Environment ◽  
Business Opportunities ◽  
New Business

The amount of paper waste, especially paper waste of yarn rolls in the socks manufactured factory and the convection industry that has not been used to get high economic value is an opportunity to open a new business, especially in the electronic and art craft product. SEPIK PANIK (Speaker of Music and Unique Display of Waste Paper Rolls) is an innovation from processing paper waste to be a unique speaker. The purposes of this program are: 1) Utilizing paper waste to get high selling value. 2) Creating handmade products from paper waste into speakers as well as unique creative display. 3) To accommodate the desire of college students who have entrepreneurial spirit and artistic creations to open new business opportunities. The method of make this SEPIK PANIK product includes 1) Making paper tube of speaker and 2) Making a Unique Display. The Sales of this product have been carried out during May to August 2019, products that have been sold are 34 units, obtained a profit of Rp. 1.170,000. Sales and promotion methods are carried out both online through social media and offline, namely direct selling and consignment. Based on these results, this business is very profitable and can benefit the surrounding environment.

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