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The repercussions of the digital twin in the automotive industry on the new marketing logic

  • Rapid development of virtual and data acquisition technology makes Digital Twin Technology (DT) one of the fundamental areas of research, while DT is one of the most promissory developments for the achievement of Industry 4.0. 48% percent of organisations implementing the Internet of Things are already using DT or plan to use DT in 2020. The global market for DT is expected to grow by 38 percent annually, reaching USD16 billion by 2023. In addition, the number of participating organisations using digital twins is expected to triple by 2022. DTs are characterised by the integration between physical and virtual spaces. The driving idea for DT is to develop, test and build our devices in a virtual environment. The objective of this paper is to study the impact of DT in the automotive industry on the new marketing logic. This paper outlines the current challenges and possible directions for the future DT in marketing. This paper will be helpful for managers in the industry to use the advantages and potentials of DT.

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Metadaten
Author:Marcel BiewendtORCiD, Arno BöhnertORCiD, Florian BlaschkeORCiD
DOI:https://doi.org/10.26417/229eim64f
ISSN:2601-8659
Parent Title (English):European Journal of Marketing and Economics
Publisher:Revistia
Place of publication:London
Document Type:Article
Language:English
Year of Completion:2020
Date of first Publication:2020/05/15
Date of the Publication (Server):2024/06/07
Tag:automotive; digital twin; industry 4.0; marketing
Volume:4
Issue:1
First Page:68
Last Page:73
Link:https://doi.org/10.26417/229eim64f
Zugriffsart:weltweit
Institutes:FH Aachen / Fachbereich Wirtschaftswissenschaften
open_access (DINI-Set):open_access
collections:Verlag / Revistia
Licence (German): Creative Commons - Namensnennung-Weitergabe unter gleichen Bedingungen