Refine
Document Type
- Conference Proceeding (6) (remove)
Language
- English (6)
Is part of the Bibliography
- no (6)
Keywords
- 03 (1)
- Business Model (1)
- Data Ecosystems (1)
- Data Products (1)
- Digital Business Models (1)
- Digital Platforms (1)
- Ecosystem Design (1)
- Food Production (1)
- Industrial Food Production (1)
- Industrial Sector (1)
Institute
Industrial food production represents one of the largest industries, accounting for a share of ten percent of the world’s gross domestic product. Simultaneously, it is responsible for 26 percent of global greenhouse gas emissions. Due to increasing CO2 taxes and population’s call for sustainability and CO2 reduction, it is facing challenges in terms of economic profitability and stakeholder demands. These challenges could partly be overcome by participating in data ecosystems in which data are refined as data products, understood, exchanged and monetized as economic goods. Despite large amounts of data, collected parenthetically along the value chain in food production, potentials of data analytics and data ecosystems are only marginally exploited. Food production mainly focuses on traditional, product-centric business models. This work shows the conceptualization of a data ecosystem for food production, enabling data-based business models. Therefore, resources, ac- tors, roles and underlying relationships of future ecosystem are analyzed. Building on these, corresponding architectural and analytical artifacts that support data ecosystem exploitation are presented. A food production data ecosystem is exemplified by applying data analytics to compressor data, which reveals high potentials for CO2 reduction.
The rapid developments in information and communication technology enable new bus iness models that are based on digital platforms. Marketplaces such as Amazon or Airbnb have already adapted this business model to connect previously unconnected supply-side and demand-side to conduct a business transaction via a digital platform. Due to Industrie 4.0 and the rapid technological development that comes with it, digital platforms have entered the market within the area of the mechanical engineering. Different platform types exist, such as marketplaces for machine equipment or digital data platforms for connected machines. Although numerous companies claim to offer platform-based bus iness models, they often lack knowledge on individual business model components. To close this gap, this paper structures a variety of existing platforms based on their detail characteristics. Within this paper, existing typologies of digital platforms from other industry areas are analyzed. Case study research ofplatforms within the mechanical engineering is used to adjust these typologies and create a new one for digital platforms within the mechanical engineering.
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.