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00925njm 22002777a 4500 dc Ibarra, Dorleta author Ganzarain, Jaione author Igartua, Juan Ignacio author 2018 The following article presents a brief literature review conducted to extend our knowledge about how Industry 4.0 affects business models and to identify business model innovations derived in consequence. Based on the eesults, a set of features, issues and requirements have been identified and three different approaches has been suggested to make firms getting closer to the industry 4.0 phenomenon such as service orientation, networked ecosystems and customer orientation. Furthermore, the impacts on the creation, delivery, and capture of value through the reconfiguration of Business Models due to embracing the Industry 4.0 are depicted. As a result, four different ways to innovate the business models based on different degrees of innovation are proposed to embrace the digitalization. Those paths goes from optimizing internal and external processes or improving customer relationship to creating new value networks or smart products and services through disruptive business model. 2351-9789 https://katalogoa.mondragon.edu/janium-bin/janium_login_opac.pl?find&ficha_no=128259 https://hdl.handle.net/20.500.11984/1160 Business models Business model innovation digitalization digital transformation Industry 4.0. Business model innovation through industry 4.0: a review