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Monetizing Industry 4.0: Design Principles for Subscription Business in the Manufacturing Industry
(2019)
Subscription business models have a major role for monetizing products and services for manufacturing companies in the age of Industry 4.0. As the manufacturing industry has difficulties generating revenues through digitalization, the implementation of innovative business models are essential to remain successful. Physical assets are often capital-intensive and require a more complex manufacturing process than subscription business models. Moreover, subscription models can focus on the individual customer benefit and a consistent service transformation, constituting a unique selling proposition and a competitive advantage. Hence, the following paper provides a management model that enables manufacturing companies to successfully realize the transformation towards a subscription business model. The management model presents four major fields of action, each matched with one design principle that must be considered when dealing with subscription models in the manufacturing industry. These principles were determined by an in-depth case study analysis among various manufacturing companies. Opportunities, challenges and recommendations for action were then systematically derived and integrated into the management model.
Big data are collected along the entire food industry value chain, but remain mostly unused. Data sharing in data ecosystems could lead to efficiency gains and new revenue streams. We investigate data sharing within food industry and derive challenges and opportunities for data sharing in this context. We conducted interviews with ten qualified experts from the German food industry. The results reveal that mainly trust, usefulness and value influence users’ attitude towards data sharing. Our results confirm social exchange theory in conjunction with technology acceptance model as relevant underlying IS theories of data sharing.