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New business models with Industrie 4.0 in the German Mittelstand

Kraft, Patricia ; Dowling, Michael ; Helm, Roland


Abstract

Abstract: Medium-sized enterprises called the ‘Mittelstand’ are an important pillar of the German economy. However, these firms have not been as quick to develop new digital business models that characterise a shift to digital manufacturing, which is called ‘Industrie 4.0’ or the Industrial Internet of Things (IIoT) in Germany. In this paper, we analyse different types of digital business models, ...

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