Digital solutions transform the forest-based bioeconomy into a digital platform industry : a suggestion for a disruptive business model in the digital economy
Abstract
With the notion that the transformation of the forest-based bioeconomy in recent years provides insightful suggestions not only on the bioeconomy, but on business innovation, this paper conducts an empirical analysis of the transformation and attempts to extract suggestions for a digital-solution-driven, disruptive business model in the digital economy.
Notwithstanding the potential broad cross-sectoral benefits, the natural environment, locality constraints, and incessant challenge of distance have impeded the balanced development of the bioeconomy.
However, driven by digital solutions, the bioeconomy has taken big steps forward in recent years. Digitalization has enabled real-time, end-to-end supply chain visibility, improved delivery accuracy as well as stock level optimization and alignment with demand planning. The advancement of e-commerce has also led to the elimination of distance between both the upstream and the downstream of the chain.
This paper demonstrates a transformative stream observed at the forefront of the forest-based bioeconomy chain. An empirical analysis focusing on the core business activities at the forefront, both upstream and downstream of the chain, is conducted.
A new insight common to all industries in the digital economy is thus explored for constructing a creative disruption platform by embracing digital solutions.
Main Authors
Format
Articles
Research article
Published
2018
Series
Subjects
Publication in research information system
Publisher
Pergamon Press
The permanent address of the publication
https://urn.fi/URN:NBN:fi:jyu-201808133823Use this for linking
Review status
Peer reviewed
ISSN
0160-791X
DOI
https://doi.org/10.1016/j.techsoc.2018.05.002
Language
English
Published in
Technology in Society
Citation
- Watanabe, C., Naveed, K., & Neittaanmäki, P. (2018). Digital solutions transform the forest-based bioeconomy into a digital platform industry : a suggestion for a disruptive business model in the digital economy. Technology in Society, 54, 168-188. https://doi.org/10.1016/j.techsoc.2018.05.002
Funder(s)
Research Council of Finland
Funding program(s)
Strategisen tutkimuksen ohjelmat STN, SA
Strategic research programmes, AoF
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Additional information about funding
The research leading to these results has received funding from the Strategic Research Council at the Academy of Finland under grant agreement 293446 – Platform Value Now: Value capturing in the fast emerging platform ecosystems.
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