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

Tim Van Erp; 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 Van Erp, Elias Ribeiro Da Silva, Marianne Stenger

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

6 Citations (Scopus)

58 Downloads (Pure)

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
Pages (from-to)	330-335
Number of pages	6
Journal	Procedia CIRP
Volume	118
Early online date	18 Jul 2023
DOIs	https://doi.org/10.1016/j.procir.2023.06.057
Publication status	Published - 2023
Externally published	Yes
Event	16th CIRP Conference on Intelligent Computation in Manufacturing Engineering, CIRP ICME 2022 - Naples, Italy Duration: 13 Jul 2022 → 15 Jul 2022

Keywords

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

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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

Final published versionFinal published version, 538 KBLicence: CC BY-NC-ND

Cite this

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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.",

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

AU - Van Erp, Tim

AU - Da Silva, Elias Ribeiro

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.

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KW - Business Model Innovation

KW - Industrial Digital Twin

KW - Industry 4.0

KW - Smart Manufacturing

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DO - 10.1016/j.procir.2023.06.057

M3 - Conference article

AN - SCOPUS:85173585318

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, CIRP ICME 2022

Y2 - 13 July 2022 through 15 July 2022

ER -

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

Abstract

Keywords

UN SDGs

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