“…The review showed that there are several benefits for companies in adoptions of digitalization or application of digital service solutions, e.g., improved cost efficiency due to improved internal processes, new or increased revenue streams often based on PSS solutions, new risk management approaches with increased transparency by providing real-time data insights, reduced production costs, improved productivity, more detailed information about production cycles, coordinated operations, the enabling of resources allocation, optimized deliverables, improved product design, and attracted target customers. In addition to that, it opens up possibilities to better monitor and track products' activities during the complete life-cycle, optimize the product usage, upgrade the product, enhance renovation and end-of life activity, as well as to provide improved technical support with preventive maintenance [49,64,65]. Indirectly, sustainability benefits can be obtained from digitalization, such as improvements in efficiency and product design, extension of the product lifespan, predictive maintenance, manufacturing efficiencies through material flow management, increased safety as dangerous jobs are replaced with knowledge-intensive tasks, and the closing of the material loop [49,64,65].…”