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Addressing Sustainability and Industry 4.0 to the Business Model
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Author(s): Maria do Rosário Cabrita (Department of Mechanical and Industrial Engineering (UNIDEMI), NOVA School of Science and Technology, Universidade NOVA de Lisboa, Caparica, Portugal)and Susana Duarte (Department of Mechanical and Industrial Engineering (UNIDEMI), NOVA School of Science and Technology, Universidade NOVA de Lisboa, Caparica, Portugal)
Copyright: 2020
Pages: 21
Source title:
Strategies for Business Sustainability in a Collaborative Economy
Source Author(s)/Editor(s): Ramona-Diana Leon (National School of Political and Administrative Studies, Romania)
DOI: 10.4018/978-1-7998-4543-0.ch010
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Abstract
Industry 4.0 drivers and sustainability are topics increasingly referred to as part of the firm's strategy. Business value creation must be linked to sustainability and be designed on the road to the Industry 4.0. Technological advancements can bring about countless opportunities for growth and success in achieving humanity's set goals fitting the challenges of sustainability. This seminal work attempts to explore how Industry 4.0 creates opportunities to promote business sustainability. Based on the concepts of sustainability, business model, and the Industry 4.0 drivers, this chapter aims to provide insightful information on the potentials of exploring business model in the age of Industry 4.0.
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