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Publication type: Conference paper
Type of review: Peer review (publication)
Title: Value generation in the product lifecycle with digital twins : status quo in Swiss companies
Authors: Barth, Linard
Ehrat, Matthias
Galeno, Gianluca
Holler, Manuel
Savic, Nikola
et. al: No
DOI: 10.24251/HICSS.2022.551
Proceedings: Proceedings of the 55th Hawaii International Conference on System Sciences
Page(s): 4528
Pages to: 4537
Conference details: 55th Hawaii International Conference on System Sciences (HICSS), virtual, 3-6 January 2022
Issue Date: 2022
Series: Proceedings of the 55th Hawaii International Conference on System Sciences
Publisher / Ed. Institution: University of Hawaiʻi at Mānoa
ISBN: 978-0-9981331-5-7
ISSN: 2572-6862
Language: English
Subjects: Digital twin; Product lifecycle; Value generation
Subject (DDC): 658.5: Production management
Abstract: Value generation with digital twins along the phases of the product lifecycle affects different processes from a company's internal perspective. The present study investigated in which phases of the product lifecycle and processes swiss companies seek to generate what value contribution. The results of the survey of 103 companies show that only 47% of the companies surveyed are applying or planning to apply digital twins. The motivation primarily lies in increasing efficiency (79%) or in building competitive advantage (63%). These companies clearly recognize the potential of digital twins to create value in the Beginning-of-Life-phase (79%) and in the Middle-of-Life-phase (60%). In contrest, the use in the End-of-Life-phase (15%) is subordinate. The companies seek to generate value with digital twins by offering qualitatively better products and services in a shorter time or with higher availability. Cost savings seem secondary and overestimated by companies before they apply digital twins.
Fulltext version: Published version
License (according to publishing contract): CC BY-NC-ND 4.0: Attribution - Non commercial - No derivatives 4.0 International
Departement: School of Management and Law
Organisational Unit: Institute of Marketing Management (IMM)
Appears in collections:Publikationen School of Management and Law

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