Digital Business Models

Abstract

Nowadays, organizations seem to favour the transition towards a significantly automated and sustainable framework, thereby successfully embracing change in order to drive innovation. Technological advancements are contributing to shaping the future business models and companies intend to adapt to the frequently shifting technology landscape. The present research delves extensively into the emerging business models developed since the advent of Industry 4.0. These include: data-driven, platform, smart factory and servitization. Moreover, each business model is followed by a detailed classification, aimed at highlighting the particular characteristics associated with each one. Finally, an assessment is developed in order to guide companies through the implementation of each of the aforementioned business models (depending on their aspirations) for the purpose of innovating, optimizing their production processes.