MARKET4.0 Metal domain DATA SPACE based on IDS RA

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MARKET4.0 Metal domain DATA SPACE based on IDS RA

Business development - Access to new markets

General description

Business development entails tasks and processes to develop and implement growth opportunities within and between organizations. It is a subset of the fields of business, commerce and organizational theory. Business development is the creation of long-term value for an organization from and for customers, markets, and relationships (from https://en.wikipedia.org/wiki/Business_development).  Understanding  the needs of current and future customers should be the baseline for business development. There are two main dimensions of business development, exploitation of current resources (continuous improvements) and exploration of new value (disruptive business models).

See also the section dedicated to Business model aspects.


Specifics for Result M4.0_Metal_Domain_Demonstrator | MARKET4.0 Metal domain DATA SPACE based on IDS RA

Project: MARKET4.0

Type: / | Updated at: 25-06-2021

Description Challenge: Today, the selection of a new manufacturing equipment requires a big technical effort on the customer side, determining the most suitable equipment for his requirements.