2016
DOI: 10.1007/978-3-319-45390-3_40
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An Exploratory Method to Clarify Business Potential in the Context of Industrial Internet – A Case Study

Abstract: This paper introduces a study that was executed to detect business opportunities of the case companies in the context of Industrial Internet. An exploratory "scenario method" was chosen due to its ability to provide collaborative decision-making tool in a new business context. The study reveals four key perspectives identified together with case companies when looking for new business potential. Furthermore, the findings highlight the vital role of new business models and the need for transformation actions fr… Show more

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Cited by 9 publications
(10 citation statements)
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“…Digitalization has been identified as one of the major trends changing society and business in the near and long term future [1]. The impact of digitalization will be major; it has been compared to the industrial revolution by several authors [2]- [5]. In this paper, digitalization is referred to as a more fundamental change than just digitizing existing processes or work products.…”
Section: Introductionmentioning
confidence: 99%
“…Digitalization has been identified as one of the major trends changing society and business in the near and long term future [1]. The impact of digitalization will be major; it has been compared to the industrial revolution by several authors [2]- [5]. In this paper, digitalization is referred to as a more fundamental change than just digitizing existing processes or work products.…”
Section: Introductionmentioning
confidence: 99%
“…Digitalization is commonly seen as one of the most relevant phenomena shaping the evolution of the business world and, by and large, societies (Cortellazzo et al 2019;Parviainen et al 2017;Tihinen et al 2016). Several scholars have compared the reach of digitalization to that of the industrial revolution (Degryse 2016;Schwab 2016;Tihinen et al 2016). Arguably, as Stolterman and Fors (2004, p. 689) posit, digitalization regards "the changes associated with the application of digital technology in all aspects of human society".…”
Section: Digitalizationmentioning
confidence: 99%
“…In recent decades, management studies have acknowledged digital transformation (or digitization; i.e., the "technical process of converting analog signals into digital form"; Legner et al 2017, p. 301) as one of the most relevant phenomena shaping the evolution of the business world and, by and large, societies (Parviainen et al 2017;Tihinen et al 2016). Correspondingly, scholars have paid attention to the "sociotechnical phenomena and processes of adopting and using [digital] technologies" (Legner et al 2017, p. 301), namely, firms' digitalization.…”
Section: Introductionmentioning
confidence: 99%
“…Tomorrow smart technologies will enter all the spheres of human activity, radically changing the direction of social progress and the information society will move to the next stage of its development, namely a smart society [10]. Despite their high initial cost, smart technologies have become a property and an obligatory attribute of the life of ordinary citizens who do not have high incomes [11].…”
Section: Literature Overviewmentioning
confidence: 99%