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Data-Driven Business Models in Manufacturing

The document discusses the importance of business models and strategies in digital manufacturing, highlighting the integration of technologies like IoT and AI to enhance efficiency and innovation. It emphasizes the shift towards Industry 4.0, which enables new revenue streams and service-oriented models, as well as the significance of sustainability and ethical practices in manufacturing. Additionally, it addresses social considerations such as fair labor practices and the impact of automation on the workforce.
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0% found this document useful (0 votes)
40 views12 pages

Data-Driven Business Models in Manufacturing

The document discusses the importance of business models and strategies in digital manufacturing, highlighting the integration of technologies like IoT and AI to enhance efficiency and innovation. It emphasizes the shift towards Industry 4.0, which enables new revenue streams and service-oriented models, as well as the significance of sustainability and ethical practices in manufacturing. Additionally, it addresses social considerations such as fair labor practices and the impact of automation on the workforce.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

P U D U C H E R RY T E C H N O LO G I C A L

UNIVERSITY

D E PA R T M E N T O F M E C H A N I C A L
ENGINEERING

D I G I TA L M A N U FA C T U R I N G

JUDE JONATHAN
MASI
2201115028
INTRODUCTION
Business models and strategy are fundamental
concepts that define how a company creates,
delivers, and captures value. A business model
outlines the structure of an organization, including
its products, target customers, revenue streams,
and operational approach. Strategy, on the other
hand, focuses on long-term planning and
competitive positioning to achieve sustainable
success. Together, they guide decision-making,
resource allocation, and market engagement.
Understanding and aligning business models with
strategic goals allows companies to innovate,
adapt to change, and maintain a competitive edge
D ATA D R I V E N B U S I N E SS
M O D E L S I N D I G I TA L
M A N U FA C T U R I N G
Data-driven business in digital manufacturing integrates technologies like
IoT, AI, and big data analytics to transform production processes. By
collecting and analyzing real-time data from machines and operations,
manufacturers can improve efficiency, reduce downtime, and enhance
product quality. This approach enables predictive maintenance, faster
decision-making, and better resource management. It also supports
customization and agility, allowing companies to respond quickly to market
demands. Ultimately, data-driven strategies drive innovation, cost savings,
and competitive advantage in the manufacturing sector.
I N D U S T RY 4 . 0 :
B U S I N E SS M O D E L S
AND NEW REVENUE
STREAMS
Industry 4.0 is revolutionizing traditional business models by
integrating advanced technologies like IoT, AI, and automation. These
innovations enable smart factories, real-time data exchange, and
highly efficient production processes. As a result, businesses can shift
from product-based to service-oriented models, offering value-added
services such as predictive maintenance or performance monitoring.
This transformation opens new revenue streams through digital
platforms, subscription services, and data monetization. Industry 4.0
empowers companies to innovate, scale efficiently, and stay
competitive in a rapidly evolving market.
5
DECENTRALISED AND
6
INDIVIDUALIZED PRODUCTION
APPROACHES

o Decentralized and individualized production approaches focus on flexible, localized


manufacturing tailored to specific customer needs. Enabled by technologies like 3D
printing and IoT, these models reduce lead times and transportation costs while supporting
mass customization. They empower consumers and enhance responsiveness to market
changes.
7
S U S TA I N A B I L I T Y A N D
ETHICS

• Companies adopt eco-friendly


processes, reduce waste, and
uphold ethical standards to meet
stakeholder expectations.
• This approach fosters long-term
value, builds trust, and supports
global efforts toward a more
sustainable and just future.
• Sustainability and ethics in
business emphasize responsible
practices that protect the
environment, ensure fair labor,
and promote transparency.
M A N U FA C T U R I N G ,
D I G I TA L A P P R O A C H E S
TO ECO-DESIGNING
AND CARBON
FOOTPRINT
REDUCTION
Sustainable manufacturing uses digital
tools like AI, IoT, and simulation to support
eco-design and reduce carbon footprints.
These technologies enable efficient
resource use, product lifecycle optimization,
and waste minimization. By integrating
sustainability into design and production,
businesses achieve environmental goals
while maintaining competitiveness and
meeting regulatory and consumer
demands.
SOCIAL AND ETHICAL
C O N S I D E R AT I O N I N D I G I TA L
M A N U FA C T U R I N G

o Social and ethical considerations in digital manufacturing involve


ensuring fair labor practices, data privacy, and the responsible use
of technology. As automation and AI reshape jobs, companies must
address workforce displacement and skill development. Ethical
sourcing, transparency, and minimizing environmental impact are
also crucial to building trust and long-term sustainability.
C O N C LU S I O N

o Human-centred design and diversity in


the digital workspace foster inclusive
innovation and better user
experiences. By prioritizing varied
perspectives and individual needs,
businesses create more accessible,
equitable solutions. Embracing
diversity enhances collaboration,
drives creativity, and ensures
THANK
YO U

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