The Business Model Canvas Dedicated For The SMEs Operating Within The Industry 4.0 Environment

Abstract :

The growing Industry 4.0 concept requires to introduce modern technologies and also change industrial management. The aim of the article is to present the new business model Canvas which includes identified needed changes in industrial management resulting from the implementation of the Industry 4.0 strategy. This model allows the Industry 4.0 strategy in manufacturing companies to be effectively implemented. Furthermore, it helps to gain competitive advantage on the market through a great increase in flexibility and efficiency and quickly produce personalized products using advanced technologies, wireless networks and mobile devices.