Industry 4.0 and Sustainability: Ten propositions how digital business models foster sustainability in Industry 4.0

2022 ◽  
Author(s):  
Frank T. Piller
Keyword(s):  
Industry 4.0 ◽  
Business Models ◽  
Digital Business Models

scholarly journals A confluência das tecnologias I.4.0 e novos modelos de negócio: uma revisão sistemática de literatura

2021 ◽  
Vol 9 (3) ◽  
pp. 664-689
Author(s):  
Josélia Elvira Teixeira ◽  
Ana Teresa Tavares-Lehmann
Keyword(s):  
Literature Review ◽  
Business Model ◽  
Systematic Literature Review ◽  
Industry 4.0 ◽  
Business Models ◽  
Relevant Literature ◽  
Business Economics ◽  
Digital Business Models ◽  
The Creation

Objective of the study:  The study’s objective is to provide a systematic literature review on the coevolution of the Technologies associated to Industry 4.0 and business models.Methodology/approach: The research was built on conceptual blocs at the interface between Industry 4.0 (I 4.0), business models (BM) and digitalization /digital business models (DBM) in order to identify relevant trends. Through bibliometric techniques, 80 articles were selected from Scopus and WoS, using specialized software.Originality/ Relevance: Few studies exist on the interface under analysis. This article contributes to this emerging literature, providing a synthesis of such literature, including both a detailed descriptive component and an analysis of the main thematic clusters associated to this interface.Main results:  The literature still needs to evolve into a framework of a 4.0 business model. The majority of the existing studies focus on business models to specific technologies associated to Industry 4.0. Among the 80 articles scrutinized, 56 were associated to business models and I4.0, and 24 linked business models and digitalization. Few really described a business model that could be characterized as an I4.0 business model.Theoretical/methodological contributions: Identification of key studies underlying the elaboration of an innovative business model associated to I4.0. An immediate and useful characterization of the literature. Identification of the main thematic clusters.Social/management contributions: To provide academics and professionals (especially in Business/Economics) with a detailed and thorough review of the most relevant literature, including the main aspects underlying the creation of innovative business models based on I4.0.

scholarly journals Key Trends and Regulations of the Development of Digital business Models of banking services in Industry 4.0

2021 ◽  
Vol 25 (5) ◽  
pp. 59-78
Author(s):  
M. N. Dudin ◽  
S. V. Shkodinskii ◽  
D. I. Usmanov
Keyword(s):  
Industry 4.0 ◽  
Business Models ◽  
Banking Sector ◽  
Retail Banking ◽  
Banking Services ◽  
Digital Business Models ◽  
Banking Market ◽  
The World ◽  
Stable Growth ◽  
The Impact

The subject of the research is trends in the implementation of digital technologies in the banking sector. The relevance of the paper is due to the objective processes of global digital intervention of technologies in all spheres of human life and society. The research aims to identify, systematize and generalize key trends and regulations in the development of digital business models of banking services in Industry 4.0. For the first time, the authors identified and systematized modern trends and regulations in the development of digital business models of banking services in Industry 4.0, offered their own conceptual vision of the concept of “digital business model of banking services”. The authors apply general scientific, philosophical, analytical, statistical, problem chronological and historical-genetic methods, as well as methods of expert assessments. The article summarizes the main stages of the evolution of business models of the banking sector, reveals substantive and methodological differences between traditional remote banking services and digital banking, highlights the main business models for organizing digital banking; provides up-to-date data on the level of development of digital banking in the main geographic zones of the world; shows the dynamics and key areas of investment in the fintech industry in 2014–2019 and provides a critical analysis of their conditions; identifies problematic aspects of the development of digital business models of banking; describes the functionality of the main digital business models of Russian banks with the author’s assessment of their capabilities and examples of their use in Russian practice. The authors conclude that the main drivers of digitalization of the banking sector are stable growth of non-cash payments in the world and in Russia; stable growth of the global digital banking market; the impact of the COVID-19 pandemic on the active demand of consumers of remote financial services; increased competition in the retail banking market; and a significant decrease in margins for traditional banking products. Identification and systematization of trends and regulations in the implementation of digital business models of banking services can form the basis for further analysis of the specifics of digitalization and personalization of digital banking in Industry 4.0 for the sustainable socio-economic development of the country in terms of possible advantages and threats to the security of financial resources and personal data of customers.

scholarly journals Assessment of the Impact of Industry 4.0 Technologies on the Economic Growth of the Russian Segment of Rail Transportation

2021 ◽  
Vol 31 (4) ◽  
pp. 431-438
Author(s):  
Ilia Gulyi
Keyword(s):  
Economic Growth ◽  
Industry 4.0 ◽  
Business Models ◽  
Growth Parameters ◽  
Physical Models ◽  
Operating Costs ◽  
Rail Transportation ◽  
Digital Business Models ◽  
The Impact ◽  
Electronic Channels

Formation of cyber-physical models in the economy is perceived as an imperative and the objective reality. However, the issues of developing scientific and methodological support for projects aimed at creating digital business models, namely, economic algorithms for their evaluation, are currently unsolved. The purpose of the study is to work out a system of indicators for assessing the impact of industry 4.0 technologies on economic growth, and further verification of the performance. The empirical base for the study is the reporting documents of the largest national carrier — Russian Railways Holding. The research methods include a descriptive diagnostics, statistic data structuring, a correlation analysis of data, a comparative analysis, and others. The results: the author proposes a system of statistic indicators for assessing the impact of industry 4.0 digital technologies on economic growth parameters, and makes an assessment of these indicators in Russian Railways Holding. Conclusion: investing in a digital business model enhances economic growth, increases marginalization via electronic channels and other means of interaction with the consumer, and provides for optimizing operating costs.

Reflection of Digital Transformation on Corporate Sustainability and a Theoratical Perspective

2020 ◽  
pp. 231-258
Author(s):  
Cemal Zehir ◽  
Burcu Özgül
Keyword(s):  
Natural Resources ◽  
Industry 4.0 ◽  
Business Models ◽  
Corporate Sustainability ◽  
Digital Transformation ◽  
Process Automation ◽  
Digital Business Models ◽  
Industrial Manufacture ◽  
The World ◽  
Theoretical Frame

With its high process automation and digitalization, Industry 4.0 provides new opportunities to actualize more flexible, higher quality, speedy, cheap, and productive manufacturing and services. Containing numerous technology and paradigms, Industry 4.0 is expected to transform the industrial manufacture and society by aiming at economic, social, and environmental gains. The facts that natural resources are running out, lifecycle of the world is diminishing, and society has increasing anxiety on this situation. These have been the propulsive power for the development of Industry 4.0. By means of the technology and innovations that Industry 4.0 brings along, it is clear that it could also contribute to the recent popular and emphasized concept:sustainability. In this chapter, after giving information about the paradigms related with Industry 4.0, the theoretical frame of corporate sustainability and the effect of digital transformation on corporate sustainability have been evaluated. And then, constructing sustainable digital business models and focusing on value proposal have been discussed.

Industry 4.0 initiatives in EU countries: experience for Ukraine

2020 ◽  
pp. 65-70
Author(s):  
Nataliya Ryvak ◽  
Anna Kernytska
Keyword(s):  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
Successful Implementation ◽  
Industrial Complex ◽  
Interconnected System ◽  
Industrial Transformation ◽  
Eu Countries ◽  
European Experience ◽  
High Level

In this paper, digital technologies development was analyzed as the basis for the so-called “fourth industrial revolution” with the potential for the qualitative transformation of the Ukrainian economy based on EU countries’ experience. Industry 4.0 is a new control chain over the entire chain of creating value throughout the product lifecycle. When developing an economic policy, it is important to pay attention to Industry 4.0. It increases productivity, produces new, better, and individualized products, and implements new business models based on “undermining” innovations. A comparative analysis of national initiatives I4.0 with their characteristics according to the main dimensions, including funding, focus, direction, was conducted. Particular attention was paid to considering deterrents to the successful implementation and enforcement of the I4.0 initiative in European countries. The factors of successful implementation of I4.0 initiatives in the EU countries were analyzed. Drawing on the analysis of the European experience of digital transformations in industry and national economies in general, the necessity of critical focus of such transformations in Ukraine was highlighted, and the need for state support of industrial transformation was substantiated. The emphasis was placed on the cooperation development between stakeholders within the implementation of Industry 4.0 – it is necessary to create national and regional 4.0 platforms, following the example of EU countries, which would bring together government institutions, businesses, and academics. The successful positioning of the Ukrainian modern industrial complex on the world markets depends on the high level of the interconnected system providing factors that characterize its development process. Considering the influence of a list of inhibiting factors on implementing the country’s industry accelerated development, a set of measures needed to transform Ukraine’s industry based on European experience was substantiated.

Emerging Industrial Revolution: Symbiosis of Industry 4.0 and Circular Economy: The Role of Universities

2020 ◽  
Vol 25 (3) ◽  
pp. 505-525 ◽  
Author(s):  
Seeram Ramakrishna ◽  
Alfred Ngowi ◽  
Henk De Jager ◽  
Bankole O. Awuzie
Keyword(s):  
Economic Growth ◽  
Circular Economy ◽  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
New Technologies ◽  
Production Systems ◽  
Fourth Industrial Revolution ◽  
New Jobs

Growing consumerism and population worldwide raises concerns about society’s sustainability aspirations. This has led to calls for concerted efforts to shift from the linear economy to a circular economy (CE), which are gaining momentum globally. CE approaches lead to a zero-waste scenario of economic growth and sustainable development. These approaches are based on semi-scientific and empirical concepts with technologies enabling 3Rs (reduce, reuse, recycle) and 6Rs (reuse, recycle, redesign, remanufacture, reduce, recover). Studies estimate that the transition to a CE would save the world in excess of a trillion dollars annually while creating new jobs, business opportunities and economic growth. The emerging industrial revolution will enhance the symbiotic pursuit of new technologies and CE to transform extant production systems and business models for sustainability. This article examines the trends, availability and readiness of fourth industrial revolution (4IR or industry 4.0) technologies (for example, Internet of Things [IoT], artificial intelligence [AI] and nanotechnology) to support and promote CE transitions within the higher education institutional context. Furthermore, it elucidates the role of universities as living laboratories for experimenting the utility of industry 4.0 technologies in driving the shift towards CE futures. The article concludes that universities should play a pivotal role in engendering CE transitions.

New digital models of care in ophthalmology, during and beyond the COVID-19 pandemic

2021 ◽  
pp. bjophthalmol-2020-317683
Author(s):  
Yih-Chung Tham ◽  
Rahat Husain ◽  
Kelvin Yi Chong Teo ◽  
Anna Cheng Sim Tan ◽  
Annabel Chee Yen Chew ◽  
...  
Keyword(s):  
Business Models ◽  
Digital Health ◽  
Models Of Care ◽  
Clinical Practices ◽  
Digital Models ◽  
Face To Face ◽  
Potential Barriers ◽  
Digital Business Models ◽  
Brick And Mortar ◽  
Clinical Models

COVID-19 has led to massive disruptions in societal, economic and healthcare systems globally. While COVID-19 has sparked a surge and expansion of new digital business models in different industries, healthcare has been slower to adapt to digital solutions. The majority of ophthalmology clinical practices are still operating through a traditional model of ‘brick-and-mortar’ facilities and ‘face-to-face’ patient–physician interaction. In the current climate of COVID-19, there is a need to fuel implementation of digital health models for ophthalmology. In this article, we highlight the current limitations in traditional clinical models as we confront COVID-19, review the current lack of digital initiatives in ophthalmology sphere despite the presence of COVID-19, propose new digital models of care for ophthalmology and discuss potential barriers that need to be considered for sustainable transformation to take place.

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