Business models based on digital twins and digital shadows in the textile industry

Abstract

The methods and tools of digital twins (DT) and digital shadows (DS) allow for implementing data-and service-based business models in an industrial context. Although companies increasingly see themselves in a position to implement DT and DS technologies, there are still challenges in deriving market-able smart services. This article presents a method for concep-tualizing business models based on DT and DS, as examplified by the textile industry.