Stakeholder Involvement Added Value Indicators in IT Systems Design for Industry 4.0 Digital Innovation Hubs

Abstract

This chapter is addressing the creation of added value by means of concurrent engineering in the early stages of IT systems design for Industry 4.0 enterprises in the context of Digital Innovation Hubs. The recent phenomenon of Digital Innovation Hubs poses new opportunities and threats in introducing advanced collaborative IT services co-developed by a number of complementary subjects, such as ISVs, infrastructure providers, consulting firms, research entities and others. Unlike other business networks or chambers of commerce, Digital Innovation Hubs place research entities at the core of innovation ecosystems. Such approach may result in transversal involvement of external stakeholders in research and development IT projects. While consequent opportunities are many, so are the threats and uncertainties. This article analyses related pros and cons based on research results published thus far and selected ongoing use cases. Furthermore, this article proposes new investment risk factors resulting from broadening the pool of IT system design stakeholders.