Industrial Digital Twin as a facilitator for business model innovations in the manufacturing industry

Tim Stock; Elias Ribeiro da Silva; Marianne Stenger

doi:10.1016/j.procir.2023.06.057

Industrial Digital Twin as a facilitator for business model innovations in the manufacturing industry

Tim Stock^*, Elias Ribeiro da Silva, Marianne Stenger

^*Corresponding author for this work

Research output: Contribution to journal › Conference article › Research › peer-review

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Abstract

The Industrial Digital Twin (IDT) will shape future business models of manufacturing companies. It offers new solutions for connecting manufacturing assets with different Information Technology (IT)-service layers. Hence, new opportunities for facilitating sustainability, the uptake of Artificial Intelligence, new forms of cross-company collaboration, as well as for the exchange of digital services between assets and stakeholders will arise. Consequently, a state-of-the-art for the IDT and business model innovations for manufacturing systems is laid out. Opportunities for business model innovations based on IDT-technologies are explored, and eventually a case study for the manufacturing industry is presented.

Original language	English
Journal	Procedia CIRP
Volume	118
Pages (from-to)	330-335
Number of pages	335
ISSN	2212-8271
DOIs	https://doi.org/10.1016/j.procir.2023.06.057
Publication status	Published - 2023
Event	16th CIRP Conference on Intelligent Computation in Manufacturing Engineering: ONLINE - Duration: 13. Jul 2022 → 15. Jul 2022

Conference

Conference	16th CIRP Conference on Intelligent Computation in Manufacturing Engineering
Period	13/07/2022 → 15/07/2022

Keywords

Industrial Digital Twin
Asset Administration Shell
Business Model Innovation
Industry 4.0
Smart Manufacturing

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10.1016/j.procir.2023.06.057Licence: CC BY-NC-ND

Open Access VersionFinal published version, 511 KBLicence: CC BY-NC-ND

Cite this

@inproceedings{af35185f6cb04aab971a77b4b24424ee,

title = "Industrial Digital Twin as a facilitator for business model innovations in the manufacturing industry",

abstract = "The Industrial Digital Twin (IDT) will shape future business models of manufacturing companies. It offers new solutions for connecting manufacturing assets with different Information Technology (IT)-service layers. Hence, new opportunities for facilitating sustainability, the uptake of Artificial Intelligence, new forms of cross-company collaboration, as well as for the exchange of digital services between assets and stakeholders will arise. Consequently, a state-of-the-art for the IDT and business model innovations for manufacturing systems is laid out. Opportunities for business model innovations based on IDT-technologies are explored, and eventually a case study for the manufacturing industry is presented.",

keywords = "Industrial Digital Twin, Asset Administration Shell, Business Model Innovation, Industry 4.0, Smart Manufacturing",

author = "Tim Stock and {Ribeiro da Silva}, Elias and Marianne Stenger",

year = "2023",

doi = "10.1016/j.procir.2023.06.057",

language = "English",

volume = "118",

pages = "330--335",

journal = "Procedia CIRP",

issn = "2212-8271",

publisher = "Elsevier",

note = "16th CIRP Conference on Intelligent Computation in Manufacturing Engineering : ONLINE ; Conference date: 13-07-2022 Through 15-07-2022",

}

TY - GEN

T1 - Industrial Digital Twin as a facilitator for business model innovations in the manufacturing industry

AU - Stock, Tim

AU - Ribeiro da Silva, Elias

AU - Stenger, Marianne

PY - 2023

Y1 - 2023

N2 - The Industrial Digital Twin (IDT) will shape future business models of manufacturing companies. It offers new solutions for connecting manufacturing assets with different Information Technology (IT)-service layers. Hence, new opportunities for facilitating sustainability, the uptake of Artificial Intelligence, new forms of cross-company collaboration, as well as for the exchange of digital services between assets and stakeholders will arise. Consequently, a state-of-the-art for the IDT and business model innovations for manufacturing systems is laid out. Opportunities for business model innovations based on IDT-technologies are explored, and eventually a case study for the manufacturing industry is presented.

AB - The Industrial Digital Twin (IDT) will shape future business models of manufacturing companies. It offers new solutions for connecting manufacturing assets with different Information Technology (IT)-service layers. Hence, new opportunities for facilitating sustainability, the uptake of Artificial Intelligence, new forms of cross-company collaboration, as well as for the exchange of digital services between assets and stakeholders will arise. Consequently, a state-of-the-art for the IDT and business model innovations for manufacturing systems is laid out. Opportunities for business model innovations based on IDT-technologies are explored, and eventually a case study for the manufacturing industry is presented.

KW - Industrial Digital Twin

KW - Asset Administration Shell

KW - Business Model Innovation

KW - Industry 4.0

KW - Smart Manufacturing

U2 - 10.1016/j.procir.2023.06.057

DO - 10.1016/j.procir.2023.06.057

M3 - Conference article

SN - 2212-8271

VL - 118

SP - 330

EP - 335

JO - Procedia CIRP

JF - Procedia CIRP

T2 - 16th CIRP Conference on Intelligent Computation in Manufacturing Engineering

Y2 - 13 July 2022 through 15 July 2022

ER -

Industrial Digital Twin as a facilitator for business model innovations in the manufacturing industry

Abstract

Conference

Keywords

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