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2018 | OriginalPaper | Chapter

2. Smart and Connected Product Business Models

Authors : Sezi Cevik Onar, Alp Ustundag

Published in: Industry 4.0: Managing The Digital Transformation

Publisher: Springer International Publishing

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Abstract

A business model describes the value offered by the company. Business models have a significant impact on the success of the business. Smart and connected products, which connect the physical objects by using sensors and communication technology, change the nature of traditional businesses and business models. The value propositions, revenue streams, and technologies offered with these smart and connected products are different from the traditional business models. In this chapter, we define the key features of smart and connected product business models and reveal the successful real life cases with this framework.

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previous chapter A Conceptual Framework for Industry 4.0

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Title: Smart and Connected Product Business Models
Authors: Sezi Cevik Onar
Alp Ustundag
Publisher: Springer International Publishing
Book: Industry 4.0: Managing The Digital Transformation
Print ISBN: 978-3-319-57869-9

Electronic ISBN: 978-3-319-57870-5

Copyright Year: 2018
DOI: https://doi.org/10.1007/978-3-319-57870-5_2

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