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Sustainability 2019, 11(2), 391; https://doi.org/10.3390/su11020391

Reviewing Literature on Digitalization, Business Model Innovation, and Sustainable Industry: Past Achievements and Future Promises

1
Entrepreneurship and Innovation, Luleå University of Technology, 971 87 Lulea, Sweden
2
Department of Management, University of Vaasa, FI-65200 Vaasa, Finland
*
Author to whom correspondence should be addressed.
Received: 16 December 2018 / Accepted: 27 December 2018 / Published: 14 January 2019
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Abstract

Digitalization is revolutionizing the way business is conducted within industrial value chains through the use of Internet of Things (IoT) technologies, intensive data exchange and predictive analytics. However, technological application on its own is not enough; profiting from digitalization requires business model innovation such as making the transition to advanced service business models. Yet, many research gaps remain in analyzing how industrial companies can leverage digitalization to transform their business models to achieve sustainability benefits. Specifically, challenges related to value creation, value delivery, and value capture components of business model innovation need further understanding as well as how alignment of these components drive sustainable industry initiatives. Thus, this special issue editorial attempts to take stock of the emerging research field through a literature review and providing a synthesis of special issue contributions. In doing so, we contribute by developing a framework that communicates and sets the direction for future research by linking digitalization, business model innovation, and sustainability in industrial settings. View Full-Text
Keywords: digitalization; business model innovation; advanced services; digital services; product–service systems (PSS); sustainability; circular economy; value creation; value capture digitalization; business model innovation; advanced services; digital services; product–service systems (PSS); sustainability; circular economy; value creation; value capture
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Parida, V.; Sjödin, D.; Reim, W. Reviewing Literature on Digitalization, Business Model Innovation, and Sustainable Industry: Past Achievements and Future Promises. Sustainability 2019, 11, 391.

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