IDEAS home Printed from https://ideas.repec.org/a/ach/journl/y2021id966.html
   My bibliography  Save this article

Digital transition of industrial enterprises into the “smart†ecosystem

Author

Listed:
  • K. S. Mayorova
  • E. S. Balashova

Abstract

Digital transformation is the foundation for the development of industrial enterprises and inevitably leads to interconnected changes in products, services, strategies, business processes and relations between enterprises and market segments. Smart production cannot develop effectively in the form of isolated projects since development is required in the context of market sectors. So industrial enterprises expand their ecosystems, and thanks to coordinated innovations, the active introduction and dissemination of their digital transformation processes begins. In the context of digitalization, the “smart†ecosystem is becoming a global and growing multisectoral environment not only for industrial enterprises, but also for all market participants – suppliers, partners, public organizations, customers, etc. These associations contribute to faster adoption of innovative technologies, connecting resources for maximum results, flexible response to sharp changes in the market, which, in the context of digital transformation, require enterprises to achieve comprehensive results. The purpose of this study is to identify and identify the features of the digital transition of industrial enterprises to the smart ecosystem. The author determined what conditions contribute to the emergence of fundamentally new ecosystems of industrial enterprises that initiate the active development of innovative technologies and products, as well as the emergence of new opportunities for expanding the sphere of activity. An analysis of the stages of creating an effective “smart†ecosystem of industrial enterprises was carried out, and the characteristics of each of them were identified. It is noted that this smart ecosystem development plan will allow industrial enterprises to make more effective preparations for active external cooperation even in limited industry conditions. The study identifies six key factors, which include: synchronization of the life cycles of the enterprise; providing intelligent software and network connectivity for traditional industrial products; use analytics to take stock of production activities and make decisions based on data from a variety of sources, including products connected to the network; in-house production should be flexible; the transition to a smart ecosystem should start with an all-as-a-service business model; creating and managing smart ecosystems. These factors affect the successful and efficient functioning of the smart ecosystem of industrial enterprises in modern conditions, which will subsequently allow the provision of personalized, contextual, innovative services that generate regular revenues.

Suggested Citation

  • K. S. Mayorova & E. S. Balashova, 2021. "Digital transition of industrial enterprises into the “smart†ecosystem," Russian Journal of Industrial Economics, MISIS, vol. 14(4).
  • Handle: RePEc:ach:journl:y:2021:id:966
    DOI: 10.17073/2072-1633-2021-4-433-444
    as

    Download full text from publisher

    File URL: https://ecoprom.misis.ru/jour/article/viewFile/966/794
    Download Restriction: no

    File URL: https://libkey.io/10.17073/2072-1633-2021-4-433-444?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Viktoria V. Akberdina, 2018. "The Transformation of the Russian Industrial Complex Under Digitalisation," Journal of New Economy, Ural State University of Economics, vol. 19(3), pages 82-99, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.

      More about this item

      Statistics

      Access and download statistics

      Corrections

      All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ach:journl:y:2021:id:966. See general information about how to correct material in RePEc.

      If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

      If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

      If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

      For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Главный контакт редакции (email available below). General contact details of provider: http://misis.ru .

      Please note that corrections may take a couple of weeks to filter through the various RePEc services.

      IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.