Digitalization and business model innovation in the Swedish industrial ecosystem: Opportunities, challenges and lesson learned
The seminar will present research insights from the Vinnova funded project DigIn – Digital Innovation of Business Models in Industrial Ecosystems. The project focuses on how companies can profit from digitalization – i.e. the use of digital technologies to innovate a business model and provide new revenue streams and value-producing opportunities in industrial ecosystems. Transitioning towards digitally enabled advanced services represents a radical shift in the business logic for provider-customer relationships, as they need to better understand how to realign their business to reach win-win relationships. The presentation will include:
• Insights on how firms are striving to profit from digitalization, the challenges they face and key learnings based on more than 200 interviews with 30 + companies, such as Boliden, ABB, Volvo CE, SCA, Ericsson, Sandvik, Epiroc, Metso and Komatsu Forest and their ecosystem partners.
• Promote academic discussion about how provider, customers, and ecosystem actors (e.g. digital partners, service partner, sub-suppliers, and even competitors) can develop their business models to create/capture value from digitalization.
Vinit Parida is a Chaired Professor of Entrepreneurship and Innovation at Luleå University of Technology (Sweden) and Associate Editor in Journal of Business Research. His research interests include organizational capabilities, servitization, business model innovation, digitalization of industrial ecosystems, and the circular economy. Vinit (Google scholar: 2978; H-index: 24) has published 200+ articles, conference papers and industry reports, such as Strategic Management Journal, Journal of Management Studies, Long Range Planning, Industrial Marketing Management, Journal of Business Research International Journal of Production Economics, Production and Operation Management, International Journal of Operations & Production Management, Strategic Entrepreneurship Journal, and others. He is leading three Vinnova and two regional EU funded research projects, which involves more than 30 Swedish and international companies. He is the recipient of multiple awards for his research and best supervisor award.