Abstract
Smart product-service system (Smart PSS), as a typical type of digital servitization paradigm, has attracted increasing attention recently in both academia and industry. This chapter aims to provide the fundamental basis for Smart PSS and its development. First, its definition and scope, together with the clarification of some basic notions, are introduced in Chapter 3.1. Then, the key aspects of Smart PSS are described from both a technical aspect, including enabling digital technologies and implementation architecture in Chapter 3.2, and a business aspect, including the business model, digital platform, and value co-creation strategies in Chapter 3.3, respectively. Based on these elements, the fundamentals and unique characteristics to enable Smart PSS development with sustainable concerns are derived at last in Chapter 3.4.
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