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Theoretical Research on Sustainable Business Model Innovation Driven by Digital Technology

In: The Future of Industry

Author

Listed:
  • Anastasia Yu. Nikitaeva

    (Southern Federal University)

  • Zhaoqiang Yan

    (Southern Federal University)

Abstract

The transformation of Industry 4.0 has not yet ended, and Industry 5.0 has increasingly gained in popularity. As an extension and upgrade of Industry 4.0, Industry 5.0 places a greater emphasis on people-oriented and sustainable development, aiming to achieve efficient integration and collaboration between people and advanced digital technology. Manufacturing enterprises, as the main actors in the market economy, need to introduce the Industry 5.0 idea to implement sustainable development by effectively utilizing advanced digital technology in the current dynamic and complex environment. Therefore, the article divides digital technology capabilities into four dimensions and sustainable business model innovation into five dimensions for measurement based on relevant theoretical research and practical experience. On this basis, a research framework of “digital technology capabilities – digital opportunity discovery, digital opportunity creation – sustainable business model innovation” is constructed.

Suggested Citation

  • Anastasia Yu. Nikitaeva & Zhaoqiang Yan, 2024. "Theoretical Research on Sustainable Business Model Innovation Driven by Digital Technology," Lecture Notes in Information Systems and Organization, in: Andrea Appolloni & Vikas Kumar & Evgeny Kuzmin & Victoria Akberdina (ed.), The Future of Industry, pages 75-89, Springer.
    • Handle: RePEc:spr:lnichp:978-3-031-66801-2_6
    DOI: 10.1007/978-3-031-66801-2_6
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