The Impact of Industry 4.0 on Business Models.

The main aim of this paper is to describe the major changes caused by Industry 4.0 in the implemented business models (and their elements) in business organizations. The paper presents a number of theoretical business model concepts and explores the connection and impact of Industry 4.0 and the technologies behind it on organizations’ business models. The impact of Industry 4.0 is analyzed and described based on the four-box business model framework making references to real case examples of companies vastly using Industry 4.0 based technologies. Finally, the paper highlights characteristics of the Industry 4.0-based business models and presents conclusions regarding the changes that Industry 4.0 might introduce to the processes of value creation, delivery and capture. [ABSTRACT FROM AUTHOR]