How Digitization is Changing Business Models of Industries
New digital technologies are changing the environment in which companies operate and affecting their relationship with each other and their competition. Different technological laws enable companies to invent innovation, disrupt old ways of working, and transform industries crammed with new tools. Manufacturing and how it changes its logic: how digital technologies are changing business models of production and industry. Organizations need to integrate digital technologies and their capacity to transform their products and services, promote new business models and thus take their place in the digital world. CIOs are at the heart of digital transformation by using new technologies that influence customers and internal processes, enabling companies to transform their products or services, find new ways to reach customers, disrupt existing business models and competitive landscape or find new revenue streams. At the same time, the opportunities that Industry 4.0 create...