Digital Transformation in Industry: Digital Twins and New Business Models

This book offers a selection of the best papers presented at the annual international scientific conference ＂Digital Transformation in Industry: Trends, Management, Strategies (DTI2021),＂ held by the Institute of Economics, Ural Branch of the Russian Academy of Sciences, in Ekaterinburg (Russia) on October 29, 2021.

The book focuses on the idea of introduction mechanisms for digitization processes and on highlighting successful digital transformation strategies in all sectors of industry. Key topics include the development of a cyber-physical production system for Industry 4.0; digital design technologies for enhancing the competitiveness of products and companies; digital twin-driven product manufacturing and services; and the effects of the industrial digital transformation on society and the environment. With regard to implementing IT and other technological innovations, lessons learned in developed and developing economies, as well as small and large enterprises, are included. Given its scope, the book offers a valuable asset for researchers and managers of industrial organizations alike.

Dr. Vikas Kumar is a director of research and professor of operations and supply chain management at Bristol Business School, University of the West of England, UK. He serves on the editorial board of around six international journals including International Journal of Supply Chain and Operations Resilience, International Journal of Service, Economics, and Management and International Journal of Manufacturing Systems. Prof. Kumar’s current research focus is on sustainable supply chain management and Supply Chain 4.0. His other research interests include supply chain improvement, short food supply chains, green supply chain, process modelling, innovation in SMEs, operations strategy, and service supply chains.

Dr. Jiewu Leng is an Associate Professor from State Key Laboratory of Precision Electronic Manufacturing Technology and Equipment, Guangdong University of Technology (China). He received his Ph.D. degree from Xi’an Jiaotong University (China) in 2016. Jiewu Leng is the Associate Editor of Frontiers in Mechanical Engineering journal. His current research interests include blockchain, digital twin, cyber-physical system, smart manufacturing, Industry 4.0, mass individualization, manufacturing system design.

Dr. Victoria Akberdina is Deputy Director of the Institute of Economics of the Ural Branch of the Russian Academy of Sciences and heads the Department of Regional Industrial Policy and Economic Security. She performs fundamental and applied research on the problems of industrial policy formation, forecasting methodology and modeling the evolution of the economic and technological development of industrial complexes, and conducts research on the structural proportions of economic development. In 2019, she was awarded the title Corresponding Member of the Russian Academy of Sciences.

Evgeny Kuzmin is a researcher at the Department of Regional Economic Policy and Economic Security of the Institute of Economics of the Ural Branch of the Russian Academy of Sciences. He is a reviewer of high impact international journals including Journal of Cleaner Production, Entrepreneurship and Sustainability Issues, and Economy of Region. His research interests are risk, uncertainty, economic crises, sustainability, public-private partnerships, investments, business planning, industrialization, industrial policy, industry markets, modeling, economic growth and development, entrepreneurship, business activity.