Transition of SMEs towards smart factories: Business models and concepts

Abstract

When focusing on business models in the context of Industry 4.0 transformation, it is quite obvious that such models will need to adopt new businesses trends, such as mass customization, platform-based businesses, networking manufacturing or creativity-based businesses, respectively. This chapter aims to analyse implementation success factors of Industry 4.0 especially from business models perspective, and also to address some features of human-centred manufacturing in terms of small- and medium-sized enterprises (SMEs). The motivation of this research is awareness of the importance that just a combination of the selected decisive success factors can significantly help businesses to become more competitive and improving their performance.