E-finance-lab at the House of Finance : about us

The financial services industry is believed to be on the verge of a dramatic [r]evolution. A substantial redesign of its value chains aimed at reducing costs, providing more efficient and flexible services and enabling new products and revenue streams is imminent. But there seems to be no clear migration path nor goal which can cast light on the question where the finance industry and its various players will be and should be in a decade from now. The mission of the E-Finance Lab is the development and application of research methodologies in the financial industry that promote and assess how business strategies and structures are shared and supported by strategies and structures of information systems. Important challenges include the design of smart production infrastructures, the development and evaluation of advantageous sourcing strategies and smart selling concepts to enable new revenue streams for financial service providers in the future. Overall, our goal is to contribute methods and views to the realignment of the E-Finance value chain. ..

Scalability Benchmarking of Cloud-Native Applications Applied to Event-Driven Microservices

Cloud-native applications constitute a recent trend for designing large-scale software systems. This thesis introduces the Theodolite benchmarking method, allowing researchers and practitioners to conduct empirical scalability evaluations of cloud-native applications, their frameworks, configurations, and deployments. The benchmarking method is applied to event-driven microservices, a specific type of cloud-native applications that employ distributed stream processing frameworks to scale with massive data volumes. Extensive experimental evaluations benchmark and compare the scalability of various stream processing frameworks under different configurations and deployments, including different public and private cloud environments. These experiments show that the presented benchmarking method provides statistically sound results in an adequate amount of time. In addition, three case studies demonstrate that the Theodolite benchmarking method can be applied to a wide range of applications beyond stream processing

Contextual impacts on industrial processes brought by the digital transformation of manufacturing: a systematic review

The digital transformation of manufacturing (a phenomenon also known as "Industry 4.0" or "Smart Manufacturing") is finding a growing interest both at practitioner and academic levels, but is still in its infancy and needs deeper investigation. Even though current and potential advantages of digital manufacturing are remarkable, in terms of improved efficiency, sustainability, customization, and flexibility, only a limited number of companies has already developed ad hoc strategies necessary to achieve a superior performance. Through a systematic review, this study aims at assessing the current state of the art of the academic literature regarding the paradigm shift occurring in the manufacturing settings, in order to provide definitions as well as point out recurring patterns and gaps to be addressed by future research. For the literature search, the most representative keywords, strict criteria, and classification schemes based on authoritative reference studies were used. The final sample of 156 primary publications was analyzed through a systematic coding process to identify theoretical and methodological approaches, together with other significant elements. This analysis allowed a mapping of the literature based on clusters of critical themes to synthesize the developments of different research streams and provide the most representative picture of its current state. Research areas, insights, and gaps resulting from this analysis contributed to create a schematic research agenda, which clearly indicates the space for future evolutions of the state of knowledge in this field

An investigation upon Industry 4.0 implementation: the case of small and medium enterprises and Lean organizations

In recent years, industries have undergone several shifts in their operating and management systems. Alongside to the technological innovation, rapid market changes and high competitiveness; growing customer needs are driving industries to focus on producing highly customized products with even less time to market. In this context, Industry 4.0 is a manufacturing paradigm that promises to have a great impact not only on improving productivity but also on developing new products, services and business models. However, the literature review has shown that research on Industry 4.0 implementation is still characterized by some weaknesses and gaps (e.g., topics such as the implementation of Industry 4.0 in SMEs and its integration with Lean Management approach). Motivated by so, this thesis sought to answer four key questions: (RQ1) What are the challenges and opportunities for SMEs in the Industry 4.0 field? (RQ2) What are the resources and capabilities for Industry 4.0 implementation in SMEs? (RQ3) How can these resources and capabilities be acquired and/or developed and (RQ4) How to integrate Industry 4.0 and Lean Management? To deal with the first research question, a semi-systematic literature review in the Industry 4.0 field was conducted. The main goal is to explore the implementation of Industry 4.0 in SMEs in order to identify common challenges and opportunities for SMEs in the Industry 4.0 era. To face with the second and third research questions, a multiple case study research was conducted to pursue two main aims: (1) to identify the resources and capabilities required to implement Industry 4.0 in Portuguese SMEs. Furthermore, based on mainstream theories such as resource-based view (RBV) and dynamic capability theory, it sought empirical evidence on how SMEs use resources and capabilities to gain sustainable competitive advantage; (2) to shed light on how those SMEs acquire and/or develop the Industry 4.0 resources and capabilities. Finally, this thesis employed a semi-systematic literature review methodology to deal with the fourth research question. As such, it explored the synergistic relationship between Industry 4.0 and Lean Management to identify the main trends in this field of research and, ultimately, the best practices. The analysis and discussion of the best practices revealed a set of potential relationships which provided a more clear understanding of the outcomes of an Industry 4.0-LM integration.Nos últimos anos, as indústrias têm passado por várias mudanças tanto nos seus sistemas operacionais, como de gestão. Juntamente com a inovação tecnológica e alta competitividade; as mudanças nas necessidades dos clientes levaram as indústrias a se concentrarem na produção de produtos altamente personalizados e com tempo de lançamento no mercado cade vez menores. Nesse contexto, a Indústria 4.0 é um paradigma de manufatura que promete ter um grande impacto não só na melhoria da produtividade, mas também no desenvolvimento de novos produtos, serviços e modelos de negócios. No entanto, a revisão da literatura mostrou que a investigação sobre a implementação da Indústria 4.0 ainda é caracterizada por algumas lacunas (por exemplo em tópicos como a implementação da Indústria 4.0 em pequenas e médias empresas (PMEs) e sua integração com a filosofia de gestão Lean Management). Diante disso, esta tese procura responder à quatro questões-chave: (RQ1) Quais são os desafios e oportunidades para as PMEs no campo da Indústria 4.0? (RQ2) Quais são os recursos e capacidades necessários para a implementação da Indústria 4.0 nas PMEs? (RQ3) Como esses recursos e capacidades podem ser adquiridos e/ou desenvolvidos e (RQ4) Como integrar os paradigmas de manufatura, Indústria 4.0 e Lean Management? Para responder à primeira questão de investigação, este trabalho empregou uma revisão semi-sistemática da literatura. O objetivo principal foi explorar a implementação da Indústria 4.0 nas PMEs, a fim de identificar quais são os desafios e oportunidades para as PMEs na era da Indústria 4.0. Para fazer face à segunda e terceira questões de investigação, foi realizado um estudo de caso em 5 PMEs localizadas em Portugal a fim de atingir os seguintes objetivos: (1) identificar os recursos e capacidades necessários para implementar a Indústria 4.0 nas PME portuguesas; (2) esclarecer como essas PMEs adquirem e/ou desenvolvem esses recursos e capacidades. Além disso, com base nas teorias resourcebased view (RBV) e dynamic capabilities, buscar evidências empíricas sobre como as PMEs usam recursos e capacidades para obter vantagem competitiva sustentável. Finalmente, para lidar com a quarta questão de investigação, este estudo explorou a relação sinérgica entre a Indústria 4.0 e a filosofia de gestão Lean Management (LM) para identificar as principais tendências neste campo de investigação e promover as melhores práticas. A análise e discussão das melhores práticas revelaram um conjunto de potenciais relações, o que contribuiu para um entendimento mais claro sobre a integração da Indústria 4.0 com LM