Industry 4.0 benefits and challenges across all three business model elements in economic dimension of sustainability
| Business model dimension | Benefits | Challenges |
|---|---|---|
| Value creation | Interconnection between companies; Transparency of information; Decentralisation of production and decision-making; Real-time human or machine assistance | The implementation of Industry 4.0 is subject to substantial short-term organisational and financial efforts, while the benefits are only expected in the medium to short-term plan horizon; Economic uncertainty |
| Value delivery | New customer interfaces; Customer proximity; Product/service personalisation | Converting data into commercial use; Overwhelming customer demand hampers internal standardisation and, with it, the cost efficiency of Industry 4.0-related solutions |
| Value capture | More efficient processes that lead to cost optimisation and new revenue streams | Companies often fear losing their existing customers as they become more aware of price fluctuations and switch to more cost-efficient alternatives; Market uncertainty |
| Business model dimension | Benefits | Challenges |
|---|---|---|
| Value creation | Interconnection between companies; | The implementation of Industry 4.0 is subject to substantial short-term organisational and financial efforts, while the benefits are only expected in the medium to short-term plan horizon; |
| Value delivery | New customer interfaces; | Converting data into commercial use; |
| Value capture | More efficient processes that lead to cost optimisation and new revenue streams | Companies often fear losing their existing customers as they become more aware of price fluctuations and switch to more cost-efficient alternatives; |