| Title | Digitalization and Big Data Supporting Responsible Business Co-evolution |
|---|---|
| ID_Doc | 5975 |
| Authors | Salminen, V; Ruohomaa, H; Kantola, J |
| Title | Digitalization and Big Data Supporting Responsible Business Co-evolution |
| Year | 2017 |
| Published | |
| Abstract | Circular economy as a business driver is growing in bio economy, industry and service business. That means great opportunity for all kind of businesses but at the same time a huge business transition. The opportunities of sustainability and circular economy have not been understood in full context and as new service innovation. Responsibility business management is an integrator on the path. The paradigm shift in the effective circular economy is the alteration of purchase behavior from ownership and selling of machines to offering of services. Obvious development activity is to increase the efficiency in supply network. Digitalization is rapidly increasing and enterprises must find new ways to innovate for business advantage. Through digital transformation, the use of new technologies like cloud, mobile, big data, and social networks with increasing intelligence and automation enterprises can capitalize on new business and optimization opportunities. Responsibility business leadership needs democratic innovation culture and co-innovation and co-evolution processes. This article introduces a concept tool for responsible business leadership. It helps to analyze co-evolution over the life cycle of business transition on circular economy by using Evolute, the intelligent web-based system, for managing human opinions and experiences as well as public-private-relationships and responsible business leadership capabilities. |
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