Perceived Risks and Benefits of Advanced Pay-Per-Use Type of Business Models Based on Industry 4.0 Enabled Technologies in Manufacturing Companies

    Research output: Chapter in Book/Report/Conference proceedingConference contributionScientificpeer-review

    2 Citations (Scopus)

    Abstract

    There is a growing interest in the pay-per-outcome business models in manufacturing industries because of novel technologies provided by Industry 4.0 implementations. These business models for the software companies cannot be directly applied for manufacturing companies because of the scalability issues as well as complexity issues. The purpose of this paper is to identify perceived benefits and risks of Industry 4.0 enabled pay-per-outcome models for manufacturing companies (machine builders). We conducted qualitative interviews of machine building companies. We identified and selected companies that have been experimenting with novel Industry 4.0 enabled pay-per-outcome business models. We were able to create understanding the perceived benefits and risks of these advanced industry 4.0 enabled PPU/PPO type business models for machine builders. Since there is a limited amount of practical implications especially in case of investment heavy machine builders thus there is little understanding about related benefits and risks of implementing these novel Industry 4.0 enabled pay-per-outcome business models. This study can facilitate decision making of managers about implementing these novel business models by taking into account the expected benefits as well as bottlenecks encountered.
    Original languageEnglish
    Title of host publicationProduct Lifecycle Management to Support Industry 4.0. PLM 2018
    Subtitle of host publicationIFIP Advances in Information and Communication Technology, vol 540. Springer, Cham
    PublisherSpringer
    Pages498-507
    Number of pages10
    Volume540
    ISBN (Electronic)978-3-030-01614-2
    ISBN (Print)978-3-030-01613-5
    DOIs
    Publication statusPublished - 8 Dec 2018
    Publication typeA4 Article in conference proceedings
    EventIFIP International Conference on Product Lifecycle Management -
    Duration: 2 Jul 20184 Jul 2018

    Publication series

    NameIFIP Advances in Information and Communication Technology
    PublisherSpringer
    ISSN (Print)1868-4238

    Conference

    ConferenceIFIP International Conference on Product Lifecycle Management
    Period2/07/184/07/18

    Publication forum classification

    • Publication forum level 1

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