Original title: Reviewing Literature on Digitalization, Business Model Innovation, and Sustainable Industry: Past Achievements and Future Promises
The paper reviews research on digital tools in industry, such as connected devices and data analysis. It argues that companies also need to change their business models—the way they create, deliver, and earn value. One example is moving toward advanced services. The review brings together research and suggests a framework to guide future work on linking digitalizationUsing digital technologies and data to change how business activities are carried out., business model change, and sustainability.
Imagine running a neighborhood bakery. Buying a new oven may help you bake, but it does not decide what you sell, how customers get it, or how the bakery earns money. In this paper, digital tools are the new oven, while changing how the business creates, delivers, and earns value is the wider change needed to pursue sustainability.
Industrial companies can use connected devices and data analysis, but the abstract argues that technology alone is not enough to deliver sustainability benefits. Understanding how companies create, provide, and earn value can help guide research into more sustainable industrial business.
The abstract presents a literature review, a synthesis of special issue contributions, and a framework for future research. It does not report evidence that the framework has been tested in companies or that digitalization and business model changes have already produced sustainability benefits.
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Reviewing Literature on Digitalization, Business Model Innovation, and Sustainable Industry: Past Achievements and Future Promises — Vinit Parida, David Sjödin, Wiebke Reim — Sustainability — doi:10.3390/su11020391
Abstract licence: CC BY
Explanation generated by Synthesis from the abstract — it is not the original paper.