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Background to the research project
The injection molding industry includes manufacturers of plastics, plastic goods, and machinery manufacturers for processing plastics. These three main players in the industry already represent a multilateral market. Therefore, from an economic perspective, this industry is particularly suitable for IoT platforms and offers great potential to exploit the opportunities of the platform economy. However, entering this highly dynamic market with currently more than 360 commercial IoT platforms and numerous stand-alone solutions from a wide variety of companies poses extensive problems for kmUs in the injection molding industry from both a technological and economic perspective.
Research objective
By establishing IoT platforms, the increasing cost pressure in the core business of the injection molding industry can be addressed by complementary digital business models as well as internal product and process optimizations for all platform players. The IoT- Business Model Evolution research project aims to enable SMEs in the injection molding industry to develop and use platform-based business models. To this end, research is being conducted into the development of a validated roadmapping procedure for evaluating different business model alternatives and the steps required to implement IoT platform-based business models. Accordingly, the project contributes to the preservation and expansion of existing, but also to the development of new business areas for kmU in the injection molding industry.
Research question
How can SMEs in the injection molding industry use IoT platforms to transform existing business models and open up new business areas?
Project partners, funding and data
The AiF-funded research project is being conducted by the Chair of Information Systems, Processes and Systems and the International Performance Research Institute (IPRI) Stuttgart.
Project partners: ARBURG GmbH & Co. KG; ENGEL Austria GmbH; Dr. Boy GmbH & Co. KG; Aurora Kunststoffe GmbH; BORGWARE GmbH; Gebauer GmbH; G.W.P. Manufacturing Services AG; HKS-Systems GmbH; Kunststofftechnik Buzzi GmbH; Kunststoffverarbeitung GmbH.
Funding: 2017 - 2021