2024
Rodrigo Torres Adelsberger; Oliver Antons; Julia Arlinghaus
Digital Twins and their Implications for Business Models: Overview and Potentials Journal Article
In: IFAC-PapersOnLine, vol. 58, no. 19, pp. 409-414, 2024, ISSN: 2405-8963, (18th IFAC Symposium on Information Control Problems in Manufacturing INCOM 2024).
Abstract | Links | BibTeX | Tags: Business Model, Circular Business Model, Circular Economy, Digital Twin, Digital Twin-enabled Business Model, Industry 4.0, Servitisation, Smart Product-Service System
@article{ADELSBERGER2024409,
title = {Digital Twins and their Implications for Business Models: Overview and Potentials},
author = {Rodrigo Torres Adelsberger and Oliver Antons and Julia Arlinghaus},
url = {https://www.sciencedirect.com/science/article/pii/S2405896324016756},
doi = {https://doi.org/10.1016/j.ifacol.2024.09.246},
issn = {2405-8963},
year = {2024},
date = {2024-01-01},
urldate = {2024-01-01},
journal = {IFAC-PapersOnLine},
volume = {58},
number = {19},
pages = {409-414},
abstract = {Digital Twins are key elements to develop the complex digital systems required for an effective Circular Economy transition. This study explores the intersection of Digital Twins and Business Models within Industry 4.0 and offers a comprehensive theoretical background of the advancements in Digital Twins and their potentials to innovate Business Models. Through a literature review, we identify and discuss eleven Digital Twin-enabled Business Models. The study suggests the necessity of further research efforts to validate theoretical perspectives and identifies future research venues, such as the exploration of Digital Twin-enabled Circular Business Models.},
note = {18th IFAC Symposium on Information Control Problems in Manufacturing INCOM 2024},
keywords = {Business Model, Circular Business Model, Circular Economy, Digital Twin, Digital Twin-enabled Business Model, Industry 4.0, Servitisation, Smart Product-Service System},
pubstate = {published},
tppubtype = {article}
}
Digital Twins are key elements to develop the complex digital systems required for an effective Circular Economy transition. This study explores the intersection of Digital Twins and Business Models within Industry 4.0 and offers a comprehensive theoretical background of the advancements in Digital Twins and their potentials to innovate Business Models. Through a literature review, we identify and discuss eleven Digital Twin-enabled Business Models. The study suggests the necessity of further research efforts to validate theoretical perspectives and identifies future research venues, such as the exploration of Digital Twin-enabled Circular Business Models.