Value Creation With Digital Twins

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Value Creation With Digital Twins

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Author : Linard Dario Barth
language : en
Publisher: BoD – Books on Demand
Release Date : 2024-09-20

Value Creation With Digital Twins written by Linard Dario Barth and has been published by BoD – Books on Demand this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-09-20 with Business & Economics categories.

A digital twin is a digital representation of a real-world counterpart, which can receive and provide data to create value within a use case. Digital twins create value for users by enabling new and enhanced smart services. However, ambiguous definitions and terminology coupled with a lack of shared conceptual reference frameworks complicate cross-functional discussions and hinder the widespread implementation of digital twins. This thesis proposes a new definition and presents two conceptual reference frameworks to systematically depict value creation with digital twins. A design science research approach with mixed methods was used to iteratively design and evaluate these artifacts while ensuring scientific rigor, practical relevance, and usefulness. The applied methods within the five research phases include systematic literature research, interviews, workshops with academic experts, qualitative and quantitative questionnaires, workshops with practice experts, and an in-depth case study in smart waste management. The major findings of this research are (i) the proposal of a new definition of digital twins that reflects a practical understanding by focusing on value creation; (ii) a scientific conceptual reference framework focusing on completeness by distinguishing 81 elements involved in value creation with digital twins; (iii) a second, more application-oriented conceptual reference framework focusing on the interrelations of the elements essential for the value creation in practice; and (iv) an instantiation of the application-oriented framework for the use case of the in-depth case study. All artifacts are consistent in content and include the following main dimensions, which are to be considered when creating value with digital twins: data resources, internal value creation, and external value creation. These artifacts contribute to a common understanding of value creation with digital twins in research and practice. Furthermore, they enable researchers and practitioners to structure their digital twin activities and communicate them to internal and external stakeholders.

Aluminum Polymers Composites And Additive Manufacturing

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Author : Takashige Omatsu
language : en
Publisher: Trans Tech Publications Ltd
Release Date : 2024-10-31

Aluminum Polymers Composites And Additive Manufacturing written by Takashige Omatsu and has been published by Trans Tech Publications Ltd this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-10-31 with Technology & Engineering categories.

Special topic volume with invited peer-reviewed papers only

Blockchain Based Digital Twins Requirements And Design Decisions For The Data Storage

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Author : Tobias Heinrich
language : en
Publisher: GRIN Verlag
Release Date : 2023-01-12

Blockchain Based Digital Twins Requirements And Design Decisions For The Data Storage written by Tobias Heinrich and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-01-12 with Computers categories.

Master's Thesis from the year 2022 in the subject Computer Science - Miscellaneous, University of Hohenheim, language: English, abstract: The following research goal is the development of design decisions for the blockchain-based storage of digital twin data. The digital twin can be deployed in almost every industry and is able to represent any object, being, process or organisation. The resulting benefits are versatile and can encompass a higher transparency and efficiency, cost reduction, or the enabling of completely new functions such as the virtual commissioning. Digital twins do even contribute to a sustainable industrial production as they enable a corresponding reduction of the primary energy emissions of up to eight percent. Due to this substantial added value, digital twins pertain to the top ten strategic technology trends and are expected to reach a market size of over 48 billion USD by 2026. The existence of digital twins is strongly dependent on its underlying data, for which reason the data storage is of fundamental importance for the operation of this technology. In the past, the digital twin concept mostly relied upon a traditional storage infrastructure in form of databases or clouds. However, digital twins and its data storage face major challenges, e.g., through a more and more connected world and therefore an increasing number of potential participants and data volume, or as a consequence of growing data security-related risks. Furthermore, potential digital twin use cases entail varying conditions, for which reason alternative storage solutions must be assessed. The blockchain technology might constitute a possible alternative to realize the storage of digital twin data. Through the novel and nearly unique characteristics such as immutability, decentralisation, or manipulation safety, blockchains could introduce new opportunities to address digital twin use cases. Those characteristics seem relevant at first sight as the application areas of digital twins become more manifold– especially as the digital twin concept evolves from a descriptive to a rather actionable approach and include more critical data. How the blockchain technology can actually deal with the requirements for the data storage including the abovementioned challenges must therefore be evaluated in order to facilitate their interplay and potentially achieve their full potential. Hereby, at first the data storage in digital twins must be understood comprehensively to assess the suitability of their deployment.

Data Algorithms And Policies

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Author : Mario Cimoli
language : en
Publisher:
Release Date : 2018

Data Algorithms And Policies written by Mario Cimoli and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with Internet of things categories.

Digital Supply Networks Transform Your Supply Chain And Gain Competitive Advantage With Disruptive Technology And Reimagined Processes

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Author : Amit Sinha
language : en
Publisher: McGraw Hill Professional
Release Date : 2020-07-21

Digital Supply Networks Transform Your Supply Chain And Gain Competitive Advantage With Disruptive Technology And Reimagined Processes written by Amit Sinha and has been published by McGraw Hill Professional this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-07-21 with Business & Economics categories.

Deliver unprecedented customer value and seize your competitive edge with a transformative digital supply network Digital tech has disrupted life and business as we know it, and supply chain management is no exception. But how exactly does digital transformation affect your business? What are the breakthrough technologies and their capabilities you need to know about? How will digital transformation impact skills requirements and work in general? Do you need to completely revamp your understanding of supply chain management? And most importantly: How do you get started? Digital Supply Networks provides clear answers to these and many other questions. Written by an experienced team comprised of Deloitte consultants and leading problem-driven scholars from a premier research university, this expert guide leads you through the process of improving operations building supply networks, increasing revenue, reimagining business models, and providing added value to customers, stakeholders, and society. You’ll learn everything you need to know about: Stages of development, roles, capabilities, and the benefits of DSN Big data analytics including its attributes, security, and authority Machine learning, Artificial Intelligence, Blockchain, robotics, and the Internet of Things Synchronized planning, intelligent supply, and digital product development Vision, attributes, technology, and benefits of smart manufacturing, dynamic logistics, and fulfillment A playbook to guide the digital transformation journey Drawing from real world-experience and problem-driven academic research, the authors provide an in-depth account of the transformation to digitally connected supply networks. They discuss the limitations of traditional supply chains and the underlying capabilities and potential of digitally-enabled supply flows. The chapters burst with expert insights and real-life use cases grounded in tomorrow’s industry needs. Success in today’s hyper-competitive, fast-paced business landscape, characterized by the risk of black swan events, such as the 2020 COVID-19 global pandemic, requires the reimagination and the digitalization of complex demand-supply systems, more collaborative and connected processes, and smarter, more dynamic data-driven decision making―which can only be achieved through a fully integrated Digital Supply Network.

How Revolutionary Was The Digital Revolution

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Author : John Zysman
language : en
Publisher:
Release Date : 2006

How Revolutionary Was The Digital Revolution written by John Zysman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Business & Economics categories.

The final section considers the political ramifications of information technology for critical societal debates ranging from privacy to intellectual property. The contributors to the book map out how the digital revolution shakes up politics, creating new economic and political winners and losers. In order to do so, they connect theories of political economy to the implications of digital technology for international as well as national markets. Attempts to construct a framework for analyzing the international digital era: one that examines the ability of political actors to innovate and experiment in spite of, or perhaps because of, the constraints posed by digital technology. This book examines the reaction of nations to the dual challenges of globalization and technological change. How do high wage countries stay rich in a global digital economy? "How Revolutionary was the Revolution" constructs a framework for analyzing the international digital era: one that examines the ability of political actors to innovate and experiment in spite of, or perhaps because of, the constraints posed by digital technology. In order to assess the revolutionary nature of the digital era, this book takes four overlapping approaches. First, it examines the reaction of nations, specifically Finland, Japan, and emerging markets, to the dual challenges of globalization and technological change. This section identifies both successful and failed national experiments intended to deal with these dual pressures. Second, it assesses corporate attempts to leverage digital technology to reorganize work. A broad range of issues including off-shoring, open source production systems, and knowledge management are addressed. Third, devoting detailed analysis to the case of mobile telephones, the book offers insights into the political economy of market evolution in the digital era.

Maintenance Engineering Handbook Ninth Edition

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Author : Keith Mobley
language : en
Publisher: McGraw Hill Professional
Release Date : 2025-08-22

Maintenance Engineering Handbook Ninth Edition written by Keith Mobley and has been published by McGraw Hill Professional this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-08-22 with Technology & Engineering categories.

The most complete and current guide to every aspect of maintenance engineering—updated to reflect the latest advances in the industry The most comprehensive resource of its kind, Maintenance Engineering Handbook has long been a staple for engineers, managers, and technicians seeking current advice on everything from tools and techniques to planning and scheduling. Since the last edition was published, there have been exponential technology advancements that directly affect maintenance and maintenance engineering function. Recent changes in technology, especially those of predictive analytics, wireless-cloud-base data acquisition, and smart sensors have radically changed the landscape of both engineering and maintenance management. This updated edition integrates these advances into a comprehensive approach to maintenance management with proven best practices for maintenance, repair, and overhaul (MRO), inventory management, root-cause analysis, and performance management. Featuring contributions from noted experts in the field, Maintenance Engineering Handbook, Ninth Edition will help engineers reduce excessive downtime and high maintenance costs by detecting and mitigating repetitive failures.

Simulation Modeling And Analysis Sixth Edition

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Author : Averill M. Law
language : en
Publisher: McGraw Hill Professional
Release Date : 2025-02-21

Simulation Modeling And Analysis Sixth Edition written by Averill M. Law and has been published by McGraw Hill Professional this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-02-21 with Technology & Engineering categories.

Comprehensive, state-of-the-art coverage of every important simulation technique This fully-revised book has the most comprehensive and up-to-date coverage of all aspects of a simulation study. Equally well suited for use in university courses, simulation practice, and self-study, the book offers clear and intuitive explanations as well as 300 figures, 218 examples, and 217 problems. You will get detailed discussions on modeling and simulation, simulation software, model verification and validation, input modeling, random-number and variate generation, statistical design and analysis of simulation experiments, experimental design, simulation optimization, agent-based simulation, machine learning, and much more. Authored by an operations research analyst and industrial engineer with more than 40 years of experience, Simulation Modeling and Analysis is widely regarded as the “bible” of simulation and now has more than 178,000 copies in print and 23,700 citations. This sixth edition has been streamlined, with several chapters downsized to eliminate outdated simulation programs or statistical techniques that are rarely used in practice and are unnecessarily complicated. Most analyses of simulation output data can now be done using three simple and familiar statistical formulas or expressions. A new chapter covers AI and machine learning and their application to simulation. Covers what are arguably the three most-innovative and popular simulation-software packages: AnyLogic, FlexSim, and Simio Includes a set of instructor’s resources Has been used at universities such as University of California-Berkeley, Stanford, Georgia Tech, Michigan, Cornell, Purdue, Virginia Tech, Penn State, Wisconsin, Columbia, Texas A&M, Washington, and Johns Hopkins Written by a world-class expert in the field and an experienced educator who has presented more than 550 simulation and statistics short courses in 20 countries

Iot Inc How Your Company Can Use The Internet Of Things To Win In The Outcome Economy

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Author : Bruce Sinclair
language : en
Publisher: McGraw Hill Professional
Release Date : 2017-06-02

Iot Inc How Your Company Can Use The Internet Of Things To Win In The Outcome Economy written by Bruce Sinclair and has been published by McGraw Hill Professional this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-06-02 with Business & Economics categories.

Grab the top spot in your industry by seizing the power of IoT Smart products are everywhere. They’re in our companies, in our homes, in our pockets. People love these products. But what they love more is what these products do—and for anyone running a business today, outcomes are the key. The Internet of Things (IoT) is the point of connection between products and the results they deliver—it’s where products become software. IoT Inc. explains everything you need to know to position your company within this powerful new network. And once you do, you’ll leave the competition in the dust. Founder and president of today’s leading IoT business consulting firm, Bruce Sinclair has been helping companies develop IoT strategies for a decade—far longer than the term has even existed. This essential guide provides an in-depth look into IoT—how it works and how it is transforming business; methods for seeing your own business, customers, and competitors through the lens of IoT, and a deep dive into how to develop and implement a powerful IoT strategy. IoT isn’t a new business trend. It’s the new way of business. Period. The IoT wave is heading for your industry. You can either meet it head-on, and ride it to success, or you can turn your back and let it swamp you. This is your playbook for transforming your company into a major player in the IoT Outcome economy.

Additive Manufacturing Techniques And Sustainability

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Author : Elena Gordo Odériz
language : en
Publisher: Trans Tech Publications Ltd
Release Date : 2025-03-18

Additive Manufacturing Techniques And Sustainability written by Elena Gordo Odériz and has been published by Trans Tech Publications Ltd this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-03-18 with Technology & Engineering categories.

Special topic volume with invited peer-reviewed papers only