Change search
ReferencesLink to record
Permanent link

Direct link
Industry 4.0: Cyber-Physical Systems and their impact on Business Models.
Karlstad University, Faculty of Health, Science and Technology (starting 2013).
2016 (English)Independent thesis Advanced level (professional degree), 20 credits / 30 HE creditsStudent thesisAlternative title
Industri 4.0 : Cyber-Physical Systems och deras påverkan på Affärsmodeller. (Swedish)
Abstract [en]

Industry 4.0 is one of the fastest growing topics amongst both practitioners and academics. To this day, no definition of Industry 4.0 has reached consensus. However, some definitions can be considered more correct than others and the most accurate one is summarized as “Industry 4.0 is a concept for creating value throughout the whole value-chain”. This has been made possible through digital solutions, advanced technologies, which often are associated with Industry 4.0. This thesis started off finding the key aspects of Industry 4.0 and through a literature review it was concluded to be Cyber-Physical Systems (CPS) which will bring new innovative Business Models. The fundamental aspect of Industry 4.0 is data, data which has become available through the usage of CPS, data which will transform how business are conducted. This thesis aims to develop a better understanding for how CPS affects the Business Model.

The thesis started with a literature review, investigating the value of information in a digitalized era. It was established that the value is found in the capability to monitor, remote control, optimize, and automate products and machines. Furthermore, it was also established through the literature review that manufacturing industries are becoming more services-focused and that value-creation is done through networking. Moreover, the Business Model Canvas was embraced as theoretical framework for what a business model should consist of.

Data was gathered through semi-structured interviews with experts on the subject of Industry 4.0 and digitalization. The data was then compared to the theoretical framework.

The results showed that CPS will not affect business models in any direct way as it is very well founded that the business model always should be based on the customer segment. However, CPS did have an indirect impact on business models i.e. through expected changes in customer relationships and distribution channels, but foremost, through changes regarding specialization and partnerships.

Place, publisher, year, edition, pages
2016. , 82 p.
Keyword [en]
Industry 4.0, "Digital Transformation, Cyber-Physical Systems, Business Model Canvas, The Value of Information, Specialization, Partnerships, Servitization
National Category
Engineering and Technology
URN: urn:nbn:se:kau:diva-44379OAI: diva2:946353
Educational program
Engineering: Industrial Engineering and Management (300 ECTS credits)
Available from: 2016-07-05 Created: 2016-07-05 Last updated: 2016-07-05Bibliographically approved

Open Access in DiVA

fulltext(1003 kB)91 downloads
File information
File name FULLTEXT01.pdfFile size 1003 kBChecksum SHA-512
Type fulltextMimetype application/pdf

By organisation
Faculty of Health, Science and Technology (starting 2013)
Engineering and Technology

Search outside of DiVA

GoogleGoogle Scholar
Total: 91 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

Total: 245 hits
ReferencesLink to record
Permanent link

Direct link