The confluence of I.4.0 technologies and new business models: a systematic literature review

Josélia Elvira Teixeira, Ana Teresa Tavares-Lehmann

Abstract


Objective of the study:  The study’s objective is to provide a systematic literature review on the coevolution of the Technologies associated to Industry 4.0 and business models.

Methodology/approach: The research was built on conceptual blocs at the interface between Industry 4.0 (I 4.0), business models (BM) and digitalization /digital business models (DBM) in order to identify relevant trends. Through bibliometric techniques, 80 articles were selected from Scopus and WoS, using specialized software.

Originality/ Relevance: Few studies exist on the interface under analysis. This article contributes to this emerging literature, providing a synthesis of such literature, including both a detailed descriptive component and an analysis of the main thematic clusters associated to this interface.

Main results:  The literature still needs to evolve into a framework of a 4.0 business model. The majority of the existing studies focus on business models to specific technologies associated to Industry 4.0. Among the 80 articles scrutinized, 56 were associated to business models and I4.0, and 24 linked business models and digitalization. Few really described a business model that could be characterized as an I4.0 business model.

Theoretical/methodological contributions: Identification of key studies underlying the elaboration of an innovative business model associated to I4.0. An immediate and useful characterization of the literature. Identification of the main thematic clusters.

Social/management contributions: To provide academics and professionals (especially in Business/Economics) with a detailed and thorough review of the most relevant literature, including the main aspects underlying the creation of innovative business models based on I4.0.


Keywords


Industry 4.0; Digital business model; Digital platform; Innovation; Competitiveness.

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References


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DOI: https://doi.org/10.5585/iji.v9i3.20619

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