Digitalization and networking in the industry paves the way for versatile options in order to increase a company’s potential for vertical integration, opportunities for developing differentiation as well as providing options for new business systems. It also opens the door to new potential in the horizontal integration between companies and end users. The complete horizontal integration of Industry 4.0 creates an end-to-end supply chain network that connects the customer, warehouse, distributors, production and suppliers in real time.
Not all changes need to be revolutionary and radical for the companies. Strategies for incremental optimization which focus on digital upgrades of the existing systems also have their place.
The continual digitalization and networking of the industry also change the way new solutions are explored, the existing business as well as the company’s strategy. Rapid technological transformation leads the IT, production, administration and employees of a company into an integrated and highly interconnected system. This in turn leads to adaptive methods, processes and organizational structures at companies which are accompanied by a profound cultural transformation. This creates new ways of looking at data and its impact on the business. In other words: big data and analysis.
Thus, the continuous transformation is also a constant challenge for businesses.
In a collaborative effort, we explore and develop theories on novel uses and benefits of future systems, applications and services in the context of the Industrial Internet (Industry 4.0). Validation of these hypotheses is carried out via tangible pretotypes or prototypes. In this way, validated innovation clusters are created to explore new fields of business and spheres of activity of the future.
This approach creates a common language for all stakeholders involved. A common language encourages an efficient and creative process from which a common direction for the future is produced.