Home // IARIA Congress 2022, The 2022 IARIA Annual Congress on Frontiers in Science, Technology, Services, and Applications // View article

Digital Twin Based Industrial Services - Just Hype or Real Business?

Authors:
Jukka Hemilä

Keywords: Digital Twin; Data; Industry4.0; Industrial Services

Abstract:
The paradigm change towards digitalization in industries has been a huge hype for years. The Internet of Things, Industry 4.0, and recently Digital Twins, are the buzzwords that every practitioner notices in the manufacturing industry. However, how to make real business after the hype? The ongoing international research is developing the utilization of machine operations data as a basis for Digital Twins. Digital Twins are the digital replications of real industrial machines. New industrial services and new earning logics can be created, but it takes time to get a real business going with digitalization. This study presents the findings from multiple case studies in Europe and discusses the business opportunities related the Digital Twin concept.

Pages: 49 to 53

Copyright: Copyright (c) IARIA, 2022

Publication date: July 24, 2022

Published in: conference

ISBN: 978-1-68558-017-9

Location: Nice, France

Dates: from July 24, 2022 to July 28, 2022