Change Through Digitization—Value Creation in the Age of Industry 4.0

Henning Kagermann ()
Additional contact information
Henning Kagermann: acatech - NATIONAL ACADEMY OF SCIENCE AND ENGINEERING

Chapter 2 in Management of Permanent Change, 2015, pp 23-45 from Springer

Abstract: Abstract Digitization—the continuing convergence of the real and the virtual worlds will be the main driver of innovation and change in all sectors of our economy. The exponentially growing amount of data and the convergence of different affordable technologies that came along with the definite establishment of Information and Communication Technology are transforming all areas of the economy. In Germany, the Internet of Things, Data and Services plays a vital role in mastering the energy transformation, in developing a sustainable mobility and logistics sector, in providing enhanced health care and in securing a competitive position for the leading manufacturing industry. This article discusses the impact, challenges and opportunities of digitization and concludes with examples of recommended policy action. The two key instruments for enhanced value creation in the Age of Industrie 4.0 are platform-based cooperation and a dual innovation strategy.

Keywords: Business Model; Smart Grid; Smart Object; Electric Mobility; Business Model Innovation (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations: View citations in EconPapers (38)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-658-05014-6_2

Ordering information: This item can be ordered from
http://www.springer.com/9783658050146

DOI: 10.1007/978-3-658-05014-6_2

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().