Platform economy is a term that refers to the current transition that the most valuable companies in the world are making from mainly offering products to mainly offering platforms. A true platform economy is fast and flexible, and is enabled by digitalization technologies and capabilities.
On-Demand Webinar | 24 minutes
The concept of the digital twin was introduced over two decades ago. Today’s technology now makes it possible to feed operational data back into the complete value chain, creating the opportunity to continuously optimize both product design and production activities in a closed-loop decision-making process that touches all three components – the product digital twin, the production digital twin, and the performance digital twin.