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Digital twins (DTs) are virtual representations of real‐world entities like production assets, processes, or products. They are updated at a defined fidelity and frequency along the entire life cycle from development and engineering over the production or implementation of a product or process...
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The use of transformer‐based language models in artificial intelligence (AI) has increased adoption in various industries and led to significant productivity advancements in business operations. This article explores how these models can be used to augment human innovation teams in the new...
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Manufacturing firms that engage in digital transformation develop increasingly smarter versions of their tangible products to reinvigorate growth in shrinking markets. However, they often struggle with translating their investments in digitalization capabilities into actual returns in the form...
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Digital manufacturing technologies offer many opportunities for established companies to innovate. They promote data‐driven gains in operational efficiency and enable the transformation of current business models or the creation of entirely new differentiation opportunities. However, many...
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