Development of Business Models in the Fourth Industrial Revolution

By • on May 9, 2022

The Journal of Open innovation published an article which noted that ubiquitous digitization, changing competitive intensity, and rapid development of new technologies are shaping the new business landscape, creating new opportunities for consumers and businesses. There is a need to create open business models that allow for the introduction of open innovations, rapid reorganization of processes, and flexibility in adapting modern enterprises to dynamically changing market conditions. The impact of Industry 4.0 technology on business models, barriers to the implementation of these technologies, and changes in business models that occurred as a result of this implementation were identified.

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