Madeira Digital Transformation Week 2024 – Innovation in Manufacturing Business Models Through Digital and AI-Driven Transformation

From June 24th to 28th, Timoleon Farmakis, researcher at ELTRUN, The E-Business Research Center of the Athens University of Economics and Business (AUEB), participated in the esteemed 30th ICE/IEEE ITMC Conference in Madeira, Portugal, which was part of Madeita Digital Transformation Week. This event brought together five major events: the 30th ICE/IEEE ITMC Conference, the 2nd edition of the Madeira Digital Transformation Summit, the EIT Health Transformation Talks, the CyberSecPro Summer School, and the NITIM Graduate School.

At this event, he presented a paper titled “Innovation in Manufacturing Business Models Enabled by Digital and AI-Driven Transformation.”

Our research delves into the transformative potential of digital and AI-driven technologies in manufacturing business models, providing insights into how these technologies can enhance operational efficiency, foster innovation, and support the digital transformation initiatives of various industries. This research is the basis of the industrial strategies designed as part of the Modapto project.

The co-authors of this research are:

  • Stavros Lounis (ELTRUN, AUEB, Greece)
  • Ioanna Georgoutsou (ELTRUN, AUEB, Greece)
  • Anastasios Koukopoulos (ELTRUN, AUEB, Greece)
  • Yiannis Mourtos (ELTRUN, AUEB, Greece)

 

In addition to presenting his paper, Timoleon Farmakis participated in a panel discussion titled “Digital Approaches to Achieve Circular, Resilient, and Sustainable Supply Chains,” representing the PLOOTO and Tech4Masses projects. The discussion focused on several key topics:

  • Collaborative Business Models: Transitioning from profit-based to circular economy models and exploring Manufacturing as a Service (MaaS).
  • Enabling Technologies for Collaborative Value Networks, Including Digital Twins, Data Spaces, and AI.
  • Enabling Technologies for Mnufacturing as a Service.
  • Governance Perspective and Certification: Covering data sharing, data policies, and certification processes.
  • Digital Product Passport Approaches.

 

Stay tuned for more updates and insights from the ELTRUN.

For more detailed information on this research and to access the full paper upon publishing, please get in touch with Timoleon Farmakis at [email protected] or Stavros Lounis at [email protected].

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