The 4th Industrial Revolution

2021 ◽  
pp. 37-52
Author(s):  
Carlo Bagnoli ◽  
Francesca Dal Mas ◽  
Maurizio Massaro
Keyword(s):  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
Building Blocks ◽  
Theoretical Research ◽  
Technological Transformation ◽  
Strategic Innovation ◽  
Scientific Papers ◽  
The Impact ◽  
Structured Literature Review

The objective of this article is to analyze the impact of Industry 4.0 on business models considering technological change as a driver of strategic innovation. The research aims to provide the key to interpreting a process of innovation that, starting from the technological transformation, translates it into a broader change of business models. A structured literature review has been developed analyzing 144 sources divided into scientific papers, reports from consultancy firms and institutional reports. This method identified the importance given by the literature to the technologies and their impact on the building blocks of the business model. The research has led to the identification of 12 business models that can represent a framework to interpret the Industry 4.0 phenomenon strategically. A questionnaire analysis of a sample of 111 companies based in Italy allowed us to compare the results of theoretical research with the perceptions of Italian entrepreneurs.

The 4th Industrial Revolution

2019 ◽  
Vol 11 (3) ◽  
pp. 34-47 ◽  
Author(s):  
Carlo Bagnoli ◽  
Francesca Dal Mas ◽  
Maurizio Massaro
Keyword(s):  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
Building Blocks ◽  
Theoretical Research ◽  
Technological Transformation ◽  
Strategic Innovation ◽  
Scientific Papers ◽  
The Impact ◽  
Structured Literature Review

The objective of this article is to analyze the impact of Industry 4.0 on business models considering technological change as a driver of strategic innovation. The research aims to provide the key to interpreting a process of innovation that, starting from the technological transformation, translates it into a broader change of business models. A structured literature review has been developed analyzing 144 sources divided into scientific papers, reports from consultancy firms and institutional reports. This method identified the importance given by the literature to the technologies and their impact on the building blocks of the business model. The research has led to the identification of 12 business models that can represent a framework to interpret the Industry 4.0 phenomenon strategically. A questionnaire analysis of a sample of 111 companies based in Italy allowed us to compare the results of theoretical research with the perceptions of Italian entrepreneurs.

Procurement 4.0: factors influencing the digitisation of procurement and supply chains

2018 ◽  
Vol 24 (4) ◽  
pp. 965-984 ◽  
Author(s):  
Florian Bienhaus ◽  
Abubaker Haddud
Keyword(s):  
Supply Chains ◽  
Industry 4.0 ◽  
Online Survey ◽  
Business Models ◽  
Industrial Revolution ◽  
Primary Data ◽  
Content Type ◽  
Procurement Process ◽  
Enabling Technologies ◽  
The Impact

Purpose While digitisation is a key driver of the fourth industrial revolution (Industry 4.0); organisations have different approaches to deal with this topic to get a clearer picture of the opportunities and challenges concerning the digital transformation. The purpose of this paper is to identify the impact of digitisation on procurement and its role within the area of supply chain management. The research will also explore potential barriers to digitising procurement and supply chains and ways to overcome them. Finally, the significance of potential enabling technologies to the digitisation will also be examined. Design/methodology/approach A quantitative approached utilising an online survey was used to collect the primary data for this study. Data were collected from 414 participants directly involved with procurement or related business functions and work for different organisations in different industries. The survey included eight items about the impact of digitisation on organisational performance in the area of procurement and supply chains; ten items related to key barriers to digitisation of organisations and ways to overcome them; and seven items about enabling technologies to leverage procurement procedures and processes digitisation. All of these items utilised the Likert five-point level of agreement scale. Findings The findings indicate that digitisation of procurement process can yield several benefits including: supporting daily business and administrative tasks, supporting complex decision-making processes, procurement will become more focussed on strategic decisions and activities, procurement will become a strategic interface to support organisational efficiency, effectiveness, and profitability, and supporting the creation of new business models, products, and services. The authors were also able to confirm that there are barriers to digitising procurement process and supply chains and such barriers found in existing procedures, processes, capacities, and capabilities. Finally, the significance of a number of enabling technologies to the digitisation process was revealed. Originality/value To the best of the authors’ knowledge, this is the first study of its kind with participants located world-wide. Industry 4.0 as a topic had been explored within different business areas and functions but very limited research specifically explored potential impact, barriers, and enabling technologies of procurement 4.0. The results can be beneficial for organisations already implemented Industry 4.0 or planning to do so. The study can also benefit academic scholars interested in the researched topic, business professionals, organisations within different sectors, and any other party interested in understanding more the concept of procurement 4.0.

Industry 4.0 and Sustainability

2020 ◽  
pp. 67-84
Author(s):  
Sibel Yildiz Çankaya ◽  
Bülent Sezen
Keyword(s):  
Sustainable Development ◽  
Global Warming ◽  
Natural Resources ◽  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
New Business ◽  
The Impact ◽  
Industrial Revolutions ◽  
New Business Models

Modern industry developed over several centuries and three industrial revolutions. Today, we experience the fourth era of the industrial revolution, Industry 4.0. The advance of industrialization brought along many problems, including environmental pollution, global warming, and depletion of natural resources. As a result, the concept of sustainability began to gain importance. Sustainability can be achieved through a balance between economic, social, and environmental processes. In order to establish such balance, businesses need new business models or insights. At this point, Industry 4.0 can be regarded as a new business mindset that will help businesses and communities move towards sustainable development. The technologies used by Industry 4.0 bear a strong promise to solve these problems, after all. Even though Industry 4.0 attracts a lot of attention lately, few works are available on its impact on sustainability. This chapter examines the impact of Industry 4.0 on sustainability.

scholarly journals Transformation of the world job market in the conditions of the Fourth Industrial Revolution

2021 ◽  
pp. 8-28
Author(s):  
Elena Viktorovna Shirinkina
Keyword(s):  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
Job Market ◽  
Scientific Publications ◽  
Job Management ◽  
Business News ◽  
Fourth Industrial Revolution ◽  
The World ◽  
The Impact

The relevance of this research is substantiated by the fact that the world job market is currently under the influence of the Fourth Industrial Revolution (Industry 4.0). The goal lies in assessing the impact of cyclic and unexpected trends upon the job market, and thus, the forms of job management and employment functions. In this regard, analysis is conducted on the academic theories in the context of conceptualization of the impact of Industry 4.0 upon the job market and employment functions. The long-term trends in transformation of the job market are determined. The empirical basis of this research is comprised of the statistical data provided by Rosstat and the Ministry of Science and Higher Education of the Russian Federation, as well as the resources of analytical articles and scientific publications, including the materials of international organizations, leading consulting companies, global associations, leading educational institutions, other active participants of global educational environment, and job market experts. An overview is given to the trends that affect the companies, their strategies and business models; the impact of such trends upon the transformation of current professions and the emergence of new professions; skills required for these professions. The scientific novelty lies in substantiation of the concept of skill-biased technical change (SBTC) and the theory of routine-biased technological change (RBTC). The presented materials would allow the companies to combine business news with fundamental training of specialists for going along the new career trajectiory in light of the new technological challenges, which defines the practical value of this research.

scholarly journals Knowledge management strategies in companies: Trends and the impact of Industry 4.0

Upravlenets ◽  
2020 ◽  
Vol 11 (4) ◽  
pp. 82-96
Author(s):  
Maksim Kolyasnikov ◽  
Natalya Kelchevskaya
Keyword(s):  
Knowledge Management ◽  
Industry 4.0 ◽  
Business Models ◽  
Business Processes ◽  
Industrial Revolution ◽  
Management Strategies ◽  
Practical Significance ◽  
Strategic Vision ◽  
Intelligent Technology ◽  
The Impact

The existing business models essential for the creation of consumer value and, consequently, business competitiveness are now undergoing a transformation. Brand-new technological developments based on network integration, intelligent technology and flexible automation are becoming increasingly relevant: additional competitive opportunities appear, and knowledge management and intellectual capital management are becoming key business processes. When developing a strategic vision, it is important for companies to pick the relevant data out of the information flow about the external and internal environment and convert it into organizational knowledge, which is a core management resource. The paper analyses the experience of Russian and foreign companies in the introduction of scalable models focused on the widespread use of Industry 4.0 and establishes the principles and strategies of knowledge management that allow these companies to maintain their competitive positions in a strategic perspective. The theory of knowledge management and resource approach constitute the methodological framework of the present study. The general scientific methods of logical-structural analysis and systematization, as well as the contingency case study method were applied. The information base encompasses the case studies of six companies, retrieved from publicly available sources. The findings of the empirical research prove the feasibility of applying a situational approach to knowledge management: companies use different strategies for accumulating and sharing knowledge according to their maturity level and the area of implementation of Industry 4.0. Based on the results obtained, the authors develop a situational approach to the strategic knowledge management of companies that successfully apply the technologies of the Fourth Industrial Revolution. The theoretical and practical significance of the study lies in identifying common approaches to knowledge management under various conditions, which can be used to create the strategic vision of managers involved in the key decision-making process in companies.

Industry 4.0 and Sustainability

2021 ◽  
pp. 113-130
Author(s):  
Sibel Yildiz Çankaya ◽  
Bülent Sezen
Keyword(s):  
Sustainable Development ◽  
Global Warming ◽  
Natural Resources ◽  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
New Business ◽  
The Impact ◽  
Industrial Revolutions ◽  
New Business Models

Modern industry developed over several centuries and three industrial revolutions. Today, we experience the fourth era of the industrial revolution, Industry 4.0. The advance of industrialization brought along many problems, including environmental pollution, global warming, and depletion of natural resources. As a result, the concept of sustainability began to gain importance. Sustainability can be achieved through a balance between economic, social, and environmental processes. In order to establish such balance, businesses need new business models or insights. At this point, Industry 4.0 can be regarded as a new business mindset that will help businesses and communities move towards sustainable development. The technologies used by Industry 4.0 bear a strong promise to solve these problems, after all. Even though Industry 4.0 attracts a lot of attention lately, few works are available on its impact on sustainability. This chapter examines the impact of Industry 4.0 on sustainability.

scholarly journals IMPACT OF INDUSTRY 4.0 ON GLOBAL VALUE CHAINS, BUSINESS MODELS AND FOREIGN DIRECT INVESTMENT

2021 ◽  
pp. 75-84
Author(s):  
D. Mukha
Keyword(s):  
Foreign Direct Investment ◽  
Multinational Corporations ◽  
Direct Investment ◽  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
Global Value Chains ◽  
Business Environment ◽  
Value Chains ◽  
The Impact

The article is devoted to the study of the phenomenon of Industry 4.0, the impact of the fourth industrial revolution on the key aspects of the companies’ economic activity, including multinational corporations. It was revealed how Industry 4.0 affects the placement and organization of global value chains. It was established that Industry 4.0 technologies contribute to the transformation of existing and the emergence of new (digital) business models, thanks to which companies can achieve a significant reduction in their own costs, gain additional income and enter international markets. It shows how Industry 4.0 can influence investment decisions, change the global flows and directions of foreign direct investment. As a result of the research, conclusions are drawn about the role of Industry 4.0 in the transformation of the business environment, industries, markets, and economy as a whole.

scholarly journals Dronology and 3D Printing as a Catalyst for International Trade in Industry 4.0.

2021 ◽  
Vol 17 ◽  
pp. 740-757
Author(s):  
Ilona Dumanska ◽  
Dmytro Vasylkivskyi ◽  
Igor Zhurba ◽  
Yana Pukhalska ◽  
Olha Matviiets ◽  
...  
Keyword(s):  
International Trade ◽  
3D Printing ◽  
Industry 4.0 ◽  
Large Scale ◽  
Business Models ◽  
Industrial Revolution ◽  
Innovation Process ◽  
Printing Technology ◽  
3D Printing Technology ◽  
The Impact

The article reveals the content of Industry 4.0 technologies in the subsystems of international trade. The destructive type of innovations of the fourth industrial revolution on traditional spheres of trade is defined. The types of modern innovations related to the technologies of Industry 4.0 and form competitive advantages in successful global brands are identified and characterized, they are reviewed for the presence of common features inherent in its technologies and innovations in general. The influence of Industry 4.0 on the stages of introduction of the innovation process in international trade is analysed. It is established that at the stage of experimental implementation of innovations, omnichannel logistics, drones, and 3D printing have a high level of influence, which are trends in the miniaturization of the economy and the concept of «smart enterprise». An analysis of the impact of the trend of changes from Industry 4.0 innovations in international trade through the impact on consumer behavior and the functioning of business models of enterprises. The expediency of introduction of drones in the aspect of expansion of sales channels and receipt of goods on the basis of the omnichannel approach of increase of volumes of the international trade is proved. Existing and perspective spheres of application of drone logistics are analysed. A positive effect in terms of optimizing the cost of maintaining employees through the use of drones on the example of warehousing and fast delivery of goods to order. The problem of large-scale introduction of drones to exacerbate the issue of replacing workers in entire industries with artificial intelligence and the need to learn new professions is outlined. The influence of additive production on international trade by introduction of 3D printing technology is analysed, the spheres of its application and consequences of introduction are defined. The reality of the scenario forecast of development of 3D printing and its influence on subsystems of the international trade, chains of delivery of the goods, formation of stocks of raw materials and materials is considered. The possible consequences of the application of 3D printing technology for the field of intellectual property are described. It is proved that the key catalysts of Industry 4.0 at the level of international trade are innovations in the form of attracting drones to logistics supply and marketing systems and inventory optimization by expanding the scope of 3D reproduction techniques.

scholarly journals Business Model 4.0

2018 ◽  
Author(s):  
Carlo Bagnoli ◽  
Alessia Bravin ◽  
Maurizio Massaro ◽  
Alessandra Vignotto
Keyword(s):  
Value Chain ◽  
Cost Reduction ◽  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
Digital Transformation ◽  
Process Efficiency ◽  
Strategic Innovation ◽  
Efficiency Cost ◽  
Market Needs

The manufacturing digital transformation is changing the industry through the introduction of advanced solutions that allow companies to re-interpret their role along the value chain. The industrial revolution opens up great opportunities for Italian companies, in terms of process efficiency, cost reduction and improvement in productivity, but also in the rethinking of products, new services, and the ability of reaction to market needs. This report examines the possible impact of Industry 4.0 on business models considering technological innovation also as a driver of strategic innovation.

scholarly journals Inovações da Indústria 4.0 na Gestão de Processos na Prestação de Serviços na Construção Civil

2020 ◽  
Vol 12 (3) ◽  
pp. 394-415
Author(s):  
Daniel de Souza Silva Junior ◽  
Ruan Carlos Dos Santos ◽  
Ismael Luiz dos Santos
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
Service Providers ◽  
Public Access ◽  
Professional Service ◽  
Construction Sector ◽  
Technological Transformation ◽  
Provision Of Services ◽  
The Impact ◽  
Gathering Data

Objective: This study aims to understand the impact of technological innovations in Industry 4.0 in the provision of services in the construction sector. Project / methodology / approach: Documental qualitative approach research gathering data from reports related to the civil construction segment (CBIC, 2016a, 2016b, 2018; SEBRAE, 2020; KPMG, 2016; WEF, 2016). The research followed in six steps: formulate the problem, establish a conceptual plan, conduct the research, collect the information, analyze and undertake a general assessment (Létourneau, 2011; Silveira Gontijo Motta Alves, 2019). Findings: The knowledge circulating among professional service providers in the Civil Construction sector tends to be subjectively built from the practice of the sector operator. Craftsmanship still dominates civil construction processes, however, the industrialization of the sector through machined concrete, the use of machines and automation can make technological transformation feasible. Limitations / implications of research: The access to documents or even their availability is a challenge for the dimensioning of the phenomenon of Industry 4.0 in Civil Construction. Public access publications were sought, however, an overview of the state of the art in terms of digitalization in construction processes was possible. Originality/Value: The technological phenomena addressed in this article are part of a context of the Fourth Industrial Revolution that through Industry 4.0 (Madsen, 2019; Santos et al. 2019). In Civil Construction this digital transformation through automation and digitalization of processes the phenomenon of Industry 4.0 manifests itself as Construction 4.0 (Craveiro et al., 2019).

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