Date of Award

2016

Degree Type

Thesis

Degree Name

Master of Science in Industrial and Systems Engineering

Department

Mechanical, Industrial and Systems Engineering

First Advisor

Valerie Maier-Speredelozzi

Abstract

Industrie 4.0 (I.40), Industrial Internet and Internet of Things (IoT) are used today as generic terms to describe a vision that will connect all objects to digital networks, succeed in the digital transformation of existing business enterprise processes and fundamentally change the way of production and value creation. Many enterprises are confronted with a bundle of new market requirements in a more global and competitive environment. This may endanger their current market position and force them not only to reshape their product strategy but also to re-organize in parallel their entire company structure or even to search for new business models. The scope of all these efforts should be to create in time the improved or complete new business model that ensures or even better improves the profitability and market position of today’s companies. Important strategic aspects out of I4.0/IoT-driven applications are to facilitate new business model initiatives with the purpose to sharpen the company's value proposition and increase the long term revenues and profits. This paper focuses on analyzing successful business models enabled by I4.0/IoT and identifying aimed core improvements, which can ideally be transferred to other companies and business sectors. It provides theoretical and practical grounded assistance to corporations that are today well-known manufacturers. A major scope of the study was to identify and present a selection of business models enabled or improved by I4.0/IoT. Finally, the thesis outlines the differences between the American and German companies in developing the I4.0/IoT business models.

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