New business models that are only possible through digitization are becoming increasingly disruptive. This presents companies with the challenge of constantly reviewing and adapting their existing business models in the market, or even breaking new ground.
The use case “Product as a service” is conceived as a practice-oriented supplement to the Austrian Standardization Compass Industry 4.0 and illustrates the benefits of standards in the development and implementation of innovative business models.
On the Dec. 11 the Summit took place under the motto “Connect. Cooperate. Digitize. ” The second annual conference of the Platform Industry 4.0 Austria was held in St. Pölten with around 250 participants.
The study “New Business Models for Digital Transformation and Industry 4.0”, commissioned by BMVIT and FFG, and the recommendations for action derived from it were presented by BM Jörg Leichtfried as part of a tour of the federal states.
The Platform Industry 4.0 Austria was represented at the 1st Stakeholder Forum “Digitizing European Industry”, organized jointly by the European Commission and the Member States. The aim is to coordinate measures to digitize the industry across Europe.
The meeting of the Working Group “People in the digital factory” included a company tour of Magna Steyr in Graz and expert talks with a focus on industry 4.0 technologies and the effects of digitization on production and jobs.