Abstract
The following article presents a brief literature review conducted to extend our knowledge of what Industry 4.0 means and its impact on business models. Based on the results of the research three challenges related to the digital transformation of the companies are suggested such as: a service-oriented approach, a network-oriented approach and a user-driven approach. Furthermore, the implications on Business Model Innovation based on the identified issues are presented. As a result, four different ways to innovate in business models based on different degrees of innovation are proposed to embrace digital transformation.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
