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Problem Statement

  • Tuğrul U. Daim
  • Zahra Faili
Chapter
Part of the SpringerBriefs in Entrepreneurship and Innovation book series (BRIEFSENTRE)

Abstract

Many production and supply chain inefficiencies can be addressed by the utilization of industry 4.0. This concept can transform traditional businesses into a more sustainable and long term-oriented engagement with customers.

Many production and supply chain inefficiencies can be addressed by the utilization of industry 4.0. This concept can transform traditional businesses into a more sustainable and long term-oriented engagement with customers.

Industries implement different methodologies to cope with technological advancements. One of the most common frameworks is “Technology Roadmapping.” Introduction of technology roadmapping helped in structuring the processes required for the successful product. Under this approach, different aspects for a successful technology or product are addressed. However, as it has been seen from past experiences, this technique lacks the real valuation of the product. In today’s world of business, the customization and value-based products/services can survive the highly competitive and fast-pace market. For that purpose, the hybrid framework is suggested to bind both technology roadmapping and value roadmapping.

This thesis targets three different industries of automotive, healthcare, and telecommunication and tries to integrate the concept of industry 4.0 by the utilization of hybrid roadmapping (VRM and TRM).

Future development of industry 4.0 and its impact on automotive industry would require synergic demands from all different ecosystem partners such as OEMs, policy makers, suppliers, end users, and so forth. In addition, having a flexible production line will result in a customizable design.

Copyright information

© The Author(s), under exclusive license to Springer Nature Switzerland AG 2019

Authors and Affiliations

  • Tuğrul U. Daim
    • 1
    • 2
    • 3
  • Zahra Faili
    • 4
  1. 1.Department of Engineering and Technology ManagementPortland State UniversityPortlandUSA
  2. 2.National Research University Higher School of EconomicsMoskvaRussia
  3. 3.Chaoyang University of TechnologyTaichungTaiwan
  4. 4.Technical University of HamburgHamburgGermany

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