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The influence of the Industrial Internet of Things on business models of established manufacturing companies – A business level perspective

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Cited by:

  1. Daniela Andreini & Cristina Bettinelli & Nicolai J. Foss & Marco Mismetti, 2022. "Business model innovation: a review of the process-based literature," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 26(4), pages 1089-1121, December.
  2. Zhang, Wei & You, Jianmin & Lin, Weiwen, 2021. "Internet plus and China industrial system's low-carbon development," Renewable and Sustainable Energy Reviews, Elsevier, vol. 151(C).
  3. Weking, Jörg & Stöcker, Maria & Kowalkiewicz, Marek & Böhm, Markus & Krcmar, Helmut, 2020. "Leveraging industry 4.0 – A business model pattern framework," International Journal of Production Economics, Elsevier, vol. 225(C).
  4. Linlin Zheng & Yashi Dong & Jineng Chen & Yuyi Li & Wenzhuo Li & Miaolian Su, 2022. "Impact of Crisis on Sustainable Business Model Innovation—The Role of Technology Innovation," Sustainability, MDPI, vol. 14(18), pages 1-28, September.
  5. Tian, Jiamian & Coreynen, Wim & Matthyssens, Paul & Shen, Lei, 2022. "Platform-based servitization and business model adaptation by established manufacturers," Technovation, Elsevier, vol. 118(C).
  6. Serena Galvani & Elisa Carloni & Roberta Bocconcelli & Alessandro Pagano, 2022. "From After-Sales to Advanced Services: A Network Analysis on the Impacts of Digital Servitization Evolution," Sustainability, MDPI, vol. 14(14), pages 1-19, July.
  7. Martens, Cristina Dai Prá & Silva, Luciano Ferreira da & Silva, Deivison Feitosa & Martens, Mauro Luiz, 2022. "Challenges in the implementation of internet of things projects and actions to overcome them," Technovation, Elsevier, vol. 118(C).
  8. Zongwei Li & Jianing Chen & Zhenyu Li & Yanhui Zhang, 2024. "Strengthen or weaken? How industrial internet platform affects the core competitiveness of manufacturing companies," Operations Management Research, Springer, vol. 17(1), pages 220-232, March.
  9. Matt, Dominik T. & Pedrini, Giulio & Bonfanti, Angelo & Orzes, Guido, 2023. "Industrial digitalization. A systematic literature review and research agenda," European Management Journal, Elsevier, vol. 41(1), pages 47-78.
  10. Stornelli, Aldo & Simms, Christopher & Reim, Wiebke & Ozcan, Sercan, 2024. "Exploring the dynamic capabilities of technology provider ecosystems: A study of smart manufacturing projects," Technovation, Elsevier, vol. 130(C).
  11. Gillani, Fatima & Chatha, Kamran Ali & Sadiq Jajja, Muhammad Shakeel & Farooq, Sami, 2020. "Implementation of digital manufacturing technologies: Antecedents and consequences," International Journal of Production Economics, Elsevier, vol. 229(C).
  12. Maryam Gallab & Hafida Bouloiz & Sekoun Abdoudrahamane Kebe & Mohamed Tkiouat, 2021. "Opportunities and challenges of the industry 4.0 in industrial companies: a survey on Moroccan firms," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 48(3), pages 413-439, September.
  13. Vinit Parida & David Sjödin & Wiebke Reim, 2019. "Reviewing Literature on Digitalization, Business Model Innovation, and Sustainable Industry: Past Achievements and Future Promises," Sustainability, MDPI, vol. 11(2), pages 1-18, January.
  14. Coskun-Setirek, Abide & Tanrikulu, Zuhal, 2021. "Digital innovations-driven business model regeneration: A process model," Technology in Society, Elsevier, vol. 64(C).
  15. Monica Shukla & Ravi Shankar, 2022. "Modeling of critical success factors for adoption of smart manufacturing system in Indian SMEs: an integrated approach," OPSEARCH, Springer;Operational Research Society of India, vol. 59(4), pages 1271-1303, December.
  16. Asadi, Shahla & Nilashi, Mehrbakhsh & Iranmanesh, Mohammad & Hyun, Sunghyup Sean & Rezvani, Azadeh, 2022. "Effect of internet of things on manufacturing performance: A hybrid multi-criteria decision-making and neuro-fuzzy approach," Technovation, Elsevier, vol. 118(C).
  17. Mariani, Marcello & Borghi, Matteo, 2019. "Industry 4.0: A bibliometric review of its managerial intellectual structure and potential evolution in the service industries," Technological Forecasting and Social Change, Elsevier, vol. 149(C).
  18. Palmaccio, Matteo & Dicuonzo, Grazia & Belyaeva, Zhanna S., 2021. "The internet of things and corporate business models: A systematic literature review," Journal of Business Research, Elsevier, vol. 131(C), pages 610-618.
  19. Ancillai, Chiara & Sabatini, Andrea & Gatti, Marco & Perna, Andrea, 2023. "Digital technology and business model innovation: A systematic literature review and future research agenda," Technological Forecasting and Social Change, Elsevier, vol. 188(C).
  20. Paiola, Marco & Schiavone, Francesco & Grandinetti, Roberto & Chen, Junsong, 2021. "Digital servitization and sustainability through networking: Some evidences from IoT-based business models," Journal of Business Research, Elsevier, vol. 132(C), pages 507-516.
  21. Guilian Wang & Liyan Zhang & Jing Guo, 2022. "Driving Factors and Mechanisms of AMT Application Levels for Equipment Manufacturing Enterprises: Based on Programmatic Grounded Theory," Sustainability, MDPI, vol. 14(14), pages 1-18, July.
  22. Qiao, Penghua & Chang, Ming & Zeng, Yuping, 2024. "The influence of digitalization on SMEs’ OFDI in emerging countries," Journal of Business Research, Elsevier, vol. 177(C).
  23. Guillermo Fuertes & Jorge Zamorano & Miguel Alfaro & Manuel Vargas & Jorge Sabattin & Claudia Duran & Rodrigo Ternero & Ricardo Rivera, 2022. "Opportunities of the Technological Trends Linked to Industry 4.0 for Achieve Sustainable Manufacturing Objectives," Sustainability, MDPI, vol. 14(18), pages 1-36, September.
  24. Raja, Jawwad Z. & Neufang, Isabelle Fabienne & Frandsen, Thomas & Gölgeci, Ismail, 2024. "Working through frame incongruences: A process perspective on (re)framing for digital servitization," Technovation, Elsevier, vol. 129(C).
  25. Arranz, Carlos F.A. & Arroyabe, Marta F. & Arranz, Nieves & de Arroyabe, Juan Carlos Fernandez, 2023. "Digitalisation dynamics in SMEs: An approach from systems dynamics and artificial intelligence," Technological Forecasting and Social Change, Elsevier, vol. 196(C).
  26. Kirti Nayal & Rakesh D. Raut & Vinay Surendra Yadav & Pragati Priyadarshinee & Balkrishna E. Narkhede, 2022. "RETRACTED: The impact of sustainable development strategy on sustainable supply chain firm performance in the digital transformation era," Business Strategy and the Environment, Wiley Blackwell, vol. 31(3), pages 845-859, March.
  27. Horváth, Dóra & Szabó, Roland Zs., 2019. "Driving forces and barriers of Industry 4.0: Do multinational and small and medium-sized companies have equal opportunities?," Technological Forecasting and Social Change, Elsevier, vol. 146(C), pages 119-132.
  28. Nasiri, Mina & Ukko, Juhani & Saunila, Minna & Rantala, Tero, 2020. "Managing the digital supply chain: The role of smart technologies," Technovation, Elsevier, vol. 96.
  29. Xiao Han & Jiayun Zhang, 2022. "Business Model Innovation Paths of Manufacturing Oriented towards Green Development in Digital Economy," IJERPH, MDPI, vol. 19(24), pages 1-34, December.
  30. Ma, Jinjin & Yang, Lin & Wang, Donghan & Li, Yiming & Xie, Zuomiao & Lv, Haodong & Woo, Donghyup, 2024. "Digitalization in response to carbon neutrality: Mechanisms, effects and prospects," Renewable and Sustainable Energy Reviews, Elsevier, vol. 191(C).
  31. Ahn, Sang-Jin, 2020. "Three characteristics of technology competition by IoT-driven digitization," Technological Forecasting and Social Change, Elsevier, vol. 157(C).
  32. Hamid Etemad, 2023. "The need for strategic redirection and business model change: The impact of evolving influential forces of change on international entrepreneurship environment," Journal of International Entrepreneurship, Springer, vol. 21(4), pages 441-463, December.
  33. Burström, Thommie & Parida, Vinit & Lahti, Tom & Wincent, Joakim, 2021. "AI-enabled business-model innovation and transformation in industrial ecosystems: A framework, model and outline for further research," Journal of Business Research, Elsevier, vol. 127(C), pages 85-95.
  34. Paiola, Marco & Schiavone, Francesco & Khvatova, Tatiana & Grandinetti, Roberto, 2021. "Prior knowledge, industry 4.0 and digital servitization. An inductive framework," Technological Forecasting and Social Change, Elsevier, vol. 171(C).
  35. Daniel Kiel & Julian M. Müller & Christian Arnold & Kai-Ingo Voigt, 2017. "Sustainable Industrial Value Creation: Benefits And Challenges Of Industry 4.0," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 21(08), pages 1-34, December.
  36. Ghosh, Swapan & Hughes, Mat & Hodgkinson, Ian & Hughes, Paul, 2022. "Digital transformation of industrial businesses: A dynamic capability approach," Technovation, Elsevier, vol. 113(C).
  37. Mosterd, Lars & Sobota, Vladimir C.M. & van de Kaa, Geerten & Ding, Aaron Yi & de Reuver, Mark, 2021. "Context dependent trade-offs around platform-to-platform openness: The case of the Internet of Things," Technovation, Elsevier, vol. 108(C).
  38. Rijswijk, Kelly & de Vries, Jasper R. & Klerkx, Laurens & Turner, James A., 2023. "The enabling and constraining connections between trust and digitalisation in incumbent value chains," Technological Forecasting and Social Change, Elsevier, vol. 186(PA).
  39. Sehrish Atif & Shehzad Ahmed & Muhammad Wasim & Bassam Zeb & Zeeshan Pervez & Lorraine Quinn, 2021. "Towards a Conceptual Development of Industry 4.0, Servitisation, and Circular Economy: A Systematic Literature Review," Sustainability, MDPI, vol. 13(11), pages 1-27, June.
  40. Bartoloni, Sara & Calò, Ernesto & Marinelli, Luca & Pascucci, Federica & Dezi, Luca & Carayannis, Elias & Revel, Gian Marco & Gregori, Gian Luca, 2022. "Towards designing society 5.0 solutions: The new Quintuple Helix - Design Thinking approach to technology," Technovation, Elsevier, vol. 113(C).
  41. Sestino, Andrea & Prete, Maria Irene & Piper, Luigi & Guido, Gianluigi, 2020. "Internet of Things and Big Data as enablers for business digitalization strategies," Technovation, Elsevier, vol. 98(C).
  42. Xifan Yao & Nanfeng Ma & Jianming Zhang & Kesai Wang & Erfu Yang & Maurizio Faccio, 2024. "Enhancing wisdom manufacturing as industrial metaverse for industry and society 5.0," Journal of Intelligent Manufacturing, Springer, vol. 35(1), pages 235-255, January.
  43. Dandan Wang & Tongfei Yang, 2025. "Research on the Promotion Effect of the Marketization of Data Elements on the Digital Transformation of Manufacturing Enterprises: An Empirical Evaluation of a Multiperiod DID Model," Sustainability, MDPI, vol. 17(7), pages 1-23, April.
  44. Delgosha, Mohammad Soltani & Hajiheydari, Nastaran & Talafidaryani, Mojtaba, 2022. "Discovering IoT implications in business and management: A computational thematic analysis," Technovation, Elsevier, vol. 118(C).
  45. Kamble, Sachin S. & Gunasekaran, Angappa & Ghadge, Abhijeet & Raut, Rakesh, 2020. "A performance measurement system for industry 4.0 enabled smart manufacturing system in SMMEs- A review and empirical investigation," International Journal of Production Economics, Elsevier, vol. 229(C).
  46. Marco Bettiol & Mauro Capestro & Eleonora Di Maria & Roberto Ganau, 2024. "Is this time different? How Industry 4.0 affects firms’ labor productivity," Small Business Economics, Springer, vol. 62(4), pages 1449-1467, April.
  47. Manjot Singh Bhatia & Saurabh Kumar, 2022. "Linking stakeholder and competitive pressure to Industry 4.0 and performance: Mediating effect of environmental commitment and green process innovation," Business Strategy and the Environment, Wiley Blackwell, vol. 31(5), pages 1905-1918, July.
  48. Florin PUCHEANU & Sofia-Elena COLESCA & Mihaela PACESILA & Stefan Gabriel BURCEA, 2022. "Industry 4.0, Sustainability And Innovation At The Crossroad: A Review Analisys," Management Research and Practice, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 14(3), pages 47-69, September.
  49. Eryarsoy, Enes & Kilic, Huseyin Selcuk & Zaim, Selim & Doszhanova, Marzhan, 2022. "Assessing IoT challenges in supply chain: A comparative study before and during- COVID-19 using interval valued neutrosophic analytical hierarchy process," Journal of Business Research, Elsevier, vol. 147(C), pages 108-123.
  50. Trabucchi, Daniel & Patrucco, Andrea S. & Buganza, Tommaso & Marzi, Giacomo, 2023. "Is transparency the new green? How business model transparency influences digital service adoption," Technovation, Elsevier, vol. 126(C).
  51. Abdullah Kaid Al‐Swidi & Joseph F. Hair & Mohammed A. Al‐Hakimi, 2023. "Sustainable development‐oriented regulatory and competitive pressures to shift toward a circular economy: The role of environmental orientation and Industry 4.0 technologies," Business Strategy and the Environment, Wiley Blackwell, vol. 32(7), pages 4782-4797, November.
  52. Bustinza, Oscar F. & Opazo-Basaez, Marco & Tarba, Shlomo, 2022. "Exploring the interplay between Smart Manufacturing and KIBS firms in configuring product-service innovation performance," Technovation, Elsevier, vol. 118(C).
  53. Veile, Johannes W. & Schmidt, Marie-Christin & Voigt, Kai-Ingo, 2022. "Toward a new era of cooperation: How industrial digital platforms transform business models in Industry 4.0," Journal of Business Research, Elsevier, vol. 143(C), pages 387-405.
  54. Sumona Mukhuty & Arvind Upadhyay & Holly Rothwell, 2022. "Strategic sustainable development of Industry 4.0 through the lens of social responsibility: The role of human resource practices," Business Strategy and the Environment, Wiley Blackwell, vol. 31(5), pages 2068-2081, July.
  55. Vitkauskaitė, Elena & Varaniūtė, Viktorija & Bouwman, Harry, 2019. "Evaluating SMEs Readiness to Transform to IoT-Based Business Models," 30th European Regional ITS Conference, Helsinki 2019 205220, International Telecommunications Society (ITS).
  56. Fauchart, Emmanuelle & Bacache-Beauvallet, Maya & Bourreau, Marc & Moreau, François, 2022. "Do-It-Yourself or Do-It-Together: How digital technologies affect creating alone or with others?," Technovation, Elsevier, vol. 112(C).
  57. Culot, Giovanna & Orzes, Guido & Sartor, Marco & Nassimbeni, Guido, 2020. "The future of manufacturing: A Delphi-based scenario analysis on Industry 4.0," Technological Forecasting and Social Change, Elsevier, vol. 157(C).
  58. Lepore, Dominique & Dolui, Koustabh & Tomashchuk, Oleksandr & Shim, Heereen & Puri, Chetanya & Li, Yuan & Chen, Nuoya & Spigarelli, Francesca, 2023. "Interdisciplinary research unlocking innovative solutions in healthcare," Technovation, Elsevier, vol. 120(C).
  59. Bahoo, Salman & Cucculelli, Marco & Qamar, Dawood, 2023. "Artificial intelligence and corporate innovation: A review and research agenda," Technological Forecasting and Social Change, Elsevier, vol. 188(C).
  60. Jovanovic, Marin & Sjödin, David & Parida, Vinit, 2022. "Co-evolution of platform architecture, platform services, and platform governance: Expanding the platform value of industrial digital platforms," Technovation, Elsevier, vol. 118(C).
  61. Raj, Alok & Dwivedi, Gourav & Sharma, Ankit & Lopes de Sousa Jabbour, Ana Beatriz & Rajak, Sonu, 2020. "Barriers to the adoption of industry 4.0 technologies in the manufacturing sector: An inter-country comparative perspective," International Journal of Production Economics, Elsevier, vol. 224(C).
  62. Marie-Anne Le-Dain & Lamiae Benhayoun & Judy Matthews & Marine Liard, 2023. "Barriers and opportunities of digital servitization for SMEs: the effect of smart Product-Service System business models," Service Business, Springer;Pan-Pacific Business Association, vol. 17(1), pages 359-393, March.
  63. Andrea Ciacci & Enrico Ivaldi & Lara Penco & Ginevra Testa, 2025. "Measuring Digital Sustainability Paying Attention to the Economic, Social, and Environmental Dimensions: A European Perspective," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 177(1), pages 1-29, March.
  64. Xuejun Jin & Xiao Pan, 2023. "Government Attention, Market Competition and Firm Digital Transformation," Sustainability, MDPI, vol. 15(11), pages 1-27, June.
  65. Cugno, Monica & Castagnoli, Rebecca & Büchi, Giacomo, 2021. "Openness to Industry 4.0 and performance: The impact of barriers and incentives," Technological Forecasting and Social Change, Elsevier, vol. 168(C).
  66. Sittiporn Pimsakul & Premaratne Samaranayake & Tritos Laosirihongthong, 2021. "Prioritizing Enabling Factors of IoT Adoption for Sustainability in Supply Chain Management," Sustainability, MDPI, vol. 13(22), pages 1-22, November.
  67. Agarwala, Rashi & Satyanarayana, Krishna & Chandrashekar, Deepak & Srinivasan, R., 2025. "How does a digital business-to-business platform transform logistics management in manufacturing firms? – An examination," Technovation, Elsevier, vol. 141(C).
  68. Graziela Molling & Amarolinda Zanela Klein, 2022. "Value proposition of IoT-based products and services: a framework proposal," Electronic Markets, Springer;IIM University of St. Gallen, vol. 32(2), pages 899-926, June.
  69. Stornelli, Aldo & Ozcan, Sercan & Simms, Christopher, 2021. "Advanced manufacturing technology adoption and innovation: A systematic literature review on barriers, enablers, and innovation types," Research Policy, Elsevier, vol. 50(6).
  70. Wang, Bing & Ma, Ming & Zhang, Zongyi & Li, Chunhong, 2024. "How do the key capabilities of the industrial internet platform support its growth? A longitudinal case study based on the resource orchestration perspective," Technological Forecasting and Social Change, Elsevier, vol. 200(C).
  71. Bettiol, Marco & Capestro, Mauro & Di Maria, Eleonora & Ganau, Roberto, 2024. "Is this time different?: how Industry 4.0 affects firms' labor productivity," LSE Research Online Documents on Economics 124545, London School of Economics and Political Science, LSE Library.
  72. Yutong Liu & Peiyi Song, 2024. "Research on the Influence of Firm Digital Intelligence Transformation and Management Innovation on Performance and Sustainable Development: Empirical Evidence from China," Sustainability, MDPI, vol. 16(17), pages 1-21, September.
  73. Sorri, Krista & Mustafee, Navonil & Seppänen, Marko, 2022. "Revisiting IoT definitions: A framework towards comprehensive use," Technological Forecasting and Social Change, Elsevier, vol. 179(C).
  74. Franzè, Claudia & Paolucci, Emilio & Pessot, Elena, 2024. "Sustained value creation driven by digital connectivity: A multiple case study in the mechanical components industry," Technovation, Elsevier, vol. 129(C).
  75. Dilnaz Muneeb & Haitham Nobanee & Muhammad Mustafa Kamal & Hiba Zaki Shanti, 2025. "A bibliometric review of supply chain finance and digitalisation: mapping, current streams, and future research agenda," Management Review Quarterly, Springer, vol. 75(1), pages 43-81, February.
  76. Enkel, Ellen & Sagmeister, Veronika, 2020. "External corporate venturing modes as new way to develop dynamic capabilities," Technovation, Elsevier, vol. 96.
  77. Aristides Papathomas & George Konteos, 2022. "Digital Transformation Journey for Incumbent Banks: The Case Study of Greece," International Journal of Marketing Studies, Canadian Center of Science and Education, vol. 14(2), pages 1-13, December.
  78. Shao, Xue-Feng & Liu, Wei & Li, Yi & Chaudhry, Hassan Rauf & Yue, Xiao-Guang, 2021. "Multistage implementation framework for smart supply chain management under industry 4.0," Technological Forecasting and Social Change, Elsevier, vol. 162(C).
  79. Giancarlo Corò & Monica Plechero & Francesco Rullani & Mario Volpe, 2020. "The Evolution of Technological Space and Firms' Workforce Composition in a Manufacturing Region," Working Papers 2020:12, Department of Economics, University of Venice "Ca' Foscari".
  80. Ricci, Riccardo & Battaglia, Daniele & Neirotti, Paolo, 2021. "External knowledge search, opportunity recognition and industry 4.0 adoption in SMEs," International Journal of Production Economics, Elsevier, vol. 240(C).
  81. James, Ajith Tom & Kumar, Girish & Tayal, Pushpal & Chauhan, Ashwin & Wadhawa, Chirag & Panchal, Jasmin, 2022. "Analysis of human resource management challenges in implementation of industry 4.0 in Indian automobile industry," Technological Forecasting and Social Change, Elsevier, vol. 176(C).
  82. Di Vaio, Assunta & Palladino, Rosa & Pezzi, Alberto & Kalisz, David E., 2021. "The role of digital innovation in knowledge management systems: A systematic literature review," Journal of Business Research, Elsevier, vol. 123(C), pages 220-231.
  83. Marcon, Érico & Le Dain, Marie-Anne & Frank, Alejandro G., 2022. "Designing business models for Industry 4.0 technologies provision: Changes in business dimensions through digital transformation," Technological Forecasting and Social Change, Elsevier, vol. 185(C).
  84. Senna, Pedro P. & Bonnin Roca, Jaime & Barros, Ana C., 2023. "Overcoming barriers to manufacturing digitalization: Policies across EU countries," Technological Forecasting and Social Change, Elsevier, vol. 196(C).
  85. Julian Marius Müller, 2019. "Antecedents to Digital Platform Usage in Industry 4.0 by Established Manufacturers," Sustainability, MDPI, vol. 11(4), pages 1-23, February.
  86. Calabrese, Armando & Costa, Roberta & Tiburzi, Luigi & Brem, Alexander, 2023. "Merging two revolutions: A human-artificial intelligence method to study how sustainability and Industry 4.0 are intertwined," Technological Forecasting and Social Change, Elsevier, vol. 188(C).
  87. von Delft, Stephan & Zhao, Yang, 2021. "Business models in process industries: Emerging trends and future research," Technovation, Elsevier, vol. 105(C).
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