• BUSINESS & “INDUSTRY 4.0”

    WHAT DOES INDUSTRY 4.0 MEAN FOR SUSTAINABLE DEVELOPMENT?

    Industry 4.0, Vol. 2 (2017), Issue 6, pg(s) 294-297

    Sustainable development is an integral part of economic development in all countries, even when attention is driven away from it. The balance between the need of humanity to produce and the desire to not destroy the planet in the process is constantly questioned and shaken. With the disruptive new models that Industry 4.0 has shown to the world, and with the constantly expanding opportunities for technologies, production, and improvement of the way businesses function, the question of sustainability stands. How will the new business models affect sustainable development, and will they manage to put humanity’s future in the spotlight? This paper explores the opportunities to sustainable development, introduced by Industry 4.0.

  • BUSINESS & “INDUSTRY 4.0”

    INTEGRATING OPEN DATA INTO COMPANIES’ BUSINESS MODELS FOR FOSTERING DIGITAL TRANSFORMATION

    Industry 4.0, Vol. 2 (2017), Issue 4, pg(s) 189-192

    Horizontal and vertical integration of companies within the value networks plays a substantial role for faster and wider implementation of Industry 4.0 and adoption of new digital business models. The policy for open data encourages companies to integrate more data flows coming from public sources into their operations. Thus, digital transformation of companies needs to reconsider the available public and open data flows and to improve their business models. The present paper aims to present and analyze how companies can integrate Open data in digital transformation process and new business models` adoption. The main elements of digital business models within Industry 4.0 and smart factories is introduced and discussed. Open data models and standards are analyzed and assessed as a source for value creation within companies. Finally, the paper identifies and discuss the main approaches for companies to implement open data into their business models.