New data-based business models

Despite the profound networking of information and communication technology known as Industry 4.0 promising enormous economic potential, the reality is different. The ever-increasing technological opportunities available are currently being used primarily for the internal optimisation of existing processes. However, data-based process improvement alone does not constitute a new, data-based business model. At best, digital offerings represent a niche market in the service portfolios of companies. The focus here is predominantly on the standard transaction-based sales of machines, equipment and products, as well as the classic aftersales services. Digital transformation within the manufacturing industry is thus stagnating.

In the session, the characteristics and mechanisms of data-based business models will be demonstrated, along with success factors derived from practical examples of the speakers.

Session Chair Jana Frank
Session Theme 2 Networks at work