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MONETIZATION OF THE DIGITAL TWIN

The digital twin is becoming increasingly important and is seen as a central element of Industry 4.0. It enables virtual mapping of products, machines or entire production lines, which can be analyzed and optimized in real time. But how can companies earn money with the help of the digital twin?

7 min reading time, updated on 07.06.2023

Content

After reading this article, you know:

• The added value of Digital Twins
• How OpenInformer adds value to you in context
• How to generate additional revenue with OpenInformer

1.

STRENGHENING THE COMPETITIVENESS IN INDUSTRY 4.0

The digital twin enables companies to numerous advantages, such as the ability to monitor machines in real time, optimizes production processes or develops new products. But how can companies
turn this added value into cash?

2.

THE ROLE OF OPENINFORMER

Among other things, bill-X developed ActiveDB as a data provider for the 360° billing system OpenInformer. OpenInformer enables the recording of usage time and frequency as well as the billing of digital services in real time. Companies can therefore monetize their digital products and services on the basis of the digital twin.

3.

MONETIZATION OPPORTUNITIES

Durch die Verwendung des Digitalen Zwillings in Verbindung mit OpenInformer ergeben sich zahlreiche Möglichkeiten zur Monetarisierung. Beispielsweise können Unternehmen ihren Kunden zusätzliche Services wie Wartung oder Fernüberwachung von Maschinen anbieten. Diese Services können auf Basis der Nutzung des digitalen Zwillings abgerechnet werden. Auch die Entwicklung und der Verkauf von digitalen Produkten wie beispielsweise Software oder Simulationsmodellen ist auf Basis des digitalen Zwillings möglich.

4.

ADVANTAGES OF MONETIZING THE DIGITAL TWIN WITH OPENINFORMER

By monetizing the digital twin with OpenInformer, companies can generate additional revenue and market their digital products and services in new ways. Customers also benefit from the capabilities of the digital twin and the associated services offered based on the use of the digital twin.

CONCLUSION

Monetizing the digital twin with OpenInformer offers companies numerous opportunities to generate additional revenue and to market digital products and services. Companies should use the possibilities of the digital twin in combination with OpenInformer to strengthen their competitiveness in Industry 4.0.

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