Industry 4.0 and Business Model Innovation: A Scoping Review

King, Susan; Grobbelaar, Sara S.

doi:10.1109/ice/itmc49519.2020.9198424

Cited by 10 publications

(8 citation statements)

References 24 publications

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“…Coupled with CPS and IoT, IoS would be a business model proposal that is still being researched and developed to reach Industry 4.0 [35] (P7). R King and Grobbelaar [29] (P1) corroborate that, instead of only firm-centric models as servitization and digitalization, researchers should consider a business model to adopt an ecosystem perspective.…”

Section: Discussionmentioning

confidence: 97%

“…Because innovation industries are challenged by high mix, high volume, and high complexity, Cozmiuc and Petrisor [35] (P7) research how Industry 4.0 can support integrated supply chains and eco-systems of partners that bring new business models. In addition, King and Grobbelaar [29] (P1) corroborate that future research may explore how servitization business models can be used and designed to embrace Industry 4.0.…”

Section: Business Applicationsmentioning

confidence: 87%

“…Although the focus changed from the pure IT infrastructure to a business view in the studies that cover the business and social applications, the authors still emphasize the services being potentialized by the IoT and how IoT is an important infrastructure for IoS [30,32,36,39] (P2, P4, P8, P11). In the Industry 4.0 scenario, the CPS gains the same relevance to form the IoS [29,34,35] (P1, P6, P7). The studies explain the business or social application through the technological aspect but lack in the business and organizational aspects.…”

Section: Discussionmentioning

confidence: 99%

“…[32,72] How to expand the business model in manufacturing sector for an IoS ecosystem perspective, shaping the firm-centric models as servitization and digitalization? [29,35,67,73,74] What is being applied for innovations toward IoS-based business model in agri-business sector? [68,71] In agri-business, Lezoche et al [71] highlight the diversity of stakeholders integrating agri-food chains, and suggest that an integrated platform could support the several players in delivering new valuable services.…”

Section: Research Streammentioning

confidence: 99%

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Business Models for the Internet of Services: State of the Art and Research Agenda

et al. 2022

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The relevance of the Internet of Services (IoS) comes from the global reach of the Internet into everyone’s home and daily activities and from the move from a manufacturing-based economy to a service-based economy. The IoS is seen as a new ecosystem where service providers and consumers explore their business networks for service provision and consumption. The scientific literature refers to IoS as an important cornerstone for Industry 4.0 and Future Internet; thus, it becomes relevant to study how IoS interacts with business models. Nevertheless, there is a lack of clarity on such an intersection. Moreover, a systematic review of IoS-based business models is still missing. This paper aims to make a systematic review of IoS-based business models and their application fields. We included studies from Scopus and Web of Science databases, we excluded duplicated papers and short conference versions of the later full paper journal publications. Twenty-three different studies are presented, categorized in the sub-areas of IoS, and then by the fields of applications. The main finding highlights the opportunities of IoS applications in different fields, offering directions for future research on this new arena.

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Section: Discussionmentioning

confidence: 97%

Section: Business Applicationsmentioning

confidence: 87%

Section: Discussionmentioning

confidence: 99%

Section: Research Streammentioning

confidence: 99%

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Business Models for the Internet of Services: State of the Art and Research Agenda

et al. 2022

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“…Several studies have used the scoping review in their research for the goal of analyzing and examining the nature, range or size of available evidence to explore the scope of literature on a specific topic (Gardner et al, 2018;King & Grobbelaar, 2020). It is considered as an appropriate method to be adopted especially when the topic has been studied in multiple academic fields such as the case of innovation (van Niekerk, Manderson, & Balabanova, 2021) and deemed to be suitable for obtaining an overview of existing research (Armstrong, Hall, Doyle, & Waters, 2011;Spies, Grobbelaar, & Botha, 2020).…”

Section: Methodsmentioning

confidence: 99%

Impact of Innovation Type on Financial and Non-financial Performance of SMES. A Scoping Review

Jamai

Steur

Abidar³

et al. 2021

jim

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To take advantage of existing opportunities in a market of global competition and rapid changes, firms try to adapt their strategy by introducing new or improved innovation types. While there is a large body of literature investigating the relationship between innovation and performance, there is a need to further analyze the role of innovation type on performance, especially in SMEs. Using a scoping review approach, this study aims to evaluate the influence of innovation types on firm performance in SMEs. A total of 47 studies were selected to examine the correlation between innovation type and performance, and identify the key factors that strongly impact the firm growth per industry. Findings demonstrate the difference in innovation impact according to the targeted industrial sector and show which type could be more beneficial to enhance firm performance. In the most studied industries, results reveal that product innovation influences strongly firm performance in the manufacturing sector, while marketing and product innovation are the variables that most impact the growth of agro-food firms. Similarly, organizational and product innovation affect highly firm improvement in the manufacturing and service sectors. This study helps managers in their struggle to obtain growth by targeting the most appropriate dimensions of innovation and helps policy makers by making decisions that stimulate firm development.

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