digital transformation

An investigation of Industry 4.0 project examples of selected companies with a focus on possible resulting business model innovations shows that these innovations can certainly be triggered by Industry 4.0 projects. How-ever, the results of our investigation also show that the share of business model innovations with 22% out of the 158 selected companies is, however, at a rather low range. Disruptive business model innovations are mainly found in companies of the manufacturing industry. Their focus is no longer only on the production or processing of products, but also on a clear added value for the customer. In this article, these aspects are further elaborated and selected study results are presented.

Digital transformation leaves only a few aspects of the relationship between customers and companies unaffected. This also applies to payment flows that stream between parties. Goods and services, which are fundamentally changing under the influence of the new technical possibilities, are also sold and bought differently. For the systematic search of new possibilities to monetarise own offers, the so-called Objects of Revenue are suitable. These are objects within the company, which are directly linked with or are able to be linked to payment flows.

The digital transformation of business models plays a special role, because business models contain different elements, which can be digitally transformed. The complexity of production and logistics systems generates the demand for robust and error-resistant control options in the pursuit of corporate objectives. The control of production and logistics systems, especially, is often inadequately managed with methods of exact mathematical specifications alone. The objective of the following contribution is to define introduce a roadmap, including some examples for some instruments.

Due to an ongoing digitization of everyday life and fast changes in the business environment, enterprises face numerous external and internal challenges. In order to stay compe-titive, enterprises, especially SMEs require an effective use of information and communication technology (ICT) as well as a deep understanding of ICT in general and in digital innovation in particular. In this paper, we reveal the self-assessment of 24 companies regarding their own digitization level and ICT use as well as regarding further aspects, challenges and requirements regarding the complex topic of digitization.

The Industrial Data Space enables business based on networked data and data sovereignty at the same time. The technological solution and the certification scheme of the Industrial Data Space ensures secure access to data which companies usually do not dare to share today. This gives new opportunities and provides new data-driven business models. The Industrial Data Space® initiative consists of a research project owned by the Fraunhofer-Gesellschaft and the Industrial Date Space Association.

Cyber-Physical Systems - the close connection of digital systems and models with subjects and processes of the real world - can work independently and flexibly in processes. This ability enables companies to improve existing processes or to create new ones. The smart behaviour of CPS is based on their characteristics. CPS are flexible, autonomous, mobile and context-sensitive.

Economy, enterprises and employees are sustainably affected by digital transformation. The new opportunities of education and training to evaluate learner behavior digitally are of particular interest. Learning analytics can be used for specific optimization of learning forms and content for the benefit of learners and of the training company.

The developed Readiness Model supports enterprises to determine the current state in relation to Industry 4.0 as well as the target state. Based on strategy improvement measures are derived to succeed in attaining the target Industry 4.0 state. Enterprises profit by individualized understanding of Industry 4.0 and specific project proposals. The dissemination of Industry 4.0 is supported through this Readiness Model. In addition a benchmark data base is filled to enable comparisons of enterprises and to observe the historical development of the industry 4.0 readiness of several industries.

The digital transformation is currently one of the defining topics in public discourse. New technical developments are making new services and new business models possible, though they also entail new challenges. In order to recognize and take advantage of the opportunities offered by digital transformation, it is necessary for corporate decision-makers to first understand the fundamental relationships that exist between technologies, data and customers. Only then experts are able to build on this understanding to develop new products and services. Such projects require more than just IT expertise. For the project to succeed, it is crucial that the IT and specialist divisions work together on this development. In order for the collaboration to succeed in spite of all the differences between the divisions’ remits, those in charge should ensure that the project environment is one in which all participants are able to interact on an equal footing and understand one another. The ...

By digital transformation the German SME sector is faced with huge challenges. It also turns existing corporate processes upside down. 82 percent of the managers who were interviewed for a recent survey expect that the internal communication will accelerate significantly. Four out of five are convinced that the transfer of knowledge will play a key role. Three quarters are also convinced that it is necessary that IT and other departments close ranks. Business-simulations effectively support the required transformation process. Topic of this article is to show how they can help changing the attitude and perspective to generate sustainable value from Industry 4.0.