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Value Creation with Digital Twins—Framework Validation and Analysis of Further Development Priorities

In: Smart Services Summit

Author

Listed:
  • Linard Barth

    (Zurich University of Applied Sciences)

  • Matthias Ehrat

    (Zurich University of Applied Sciences)

  • Manuel Holler

    (Zurich University of Applied Sciences)

  • Rainer Fuchs

    (Zurich University of Applied Sciences)

Abstract

This paper presents results of an ongoing research project to explain the systematic value creation with digital twins. Herein a formerly proposed digital twin reference framework is validated, its usefulness in practice is evaluated and development priorities are derived. Therefore, the framework was presented to and discussed with experts from practice. The evaluation of the quality of the framework, its benefits in practice and the applicability for innovation process phases were collected with an online questionnaire consisting of open questions and quantitative ratings. Qualitatively, the study unveiled the systematization and holistic perspective as main strengths and the complexity as major weakness of the framework. Quantitatively, the framework proved to be useful as it provides benefits for practice, especially in the early stages of innovation processes. Finally, development priorities and directions were derived to improve and adapt the framework towards the created insights to foster its applicability in practice.

Suggested Citation

  • Linard Barth & Matthias Ehrat & Manuel Holler & Rainer Fuchs, 2021. "Value Creation with Digital Twins—Framework Validation and Analysis of Further Development Priorities," Progress in IS, in: Shaun West & Jürg Meierhofer & Christopher Ganz (ed.), Smart Services Summit, pages 35-47, Springer.
    • Handle: RePEc:spr:prochp:978-3-030-72090-2_4
    DOI: 10.1007/978-3-030-72090-2_4
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