There are three types of digitalization. One is digitizing, which is turning paper in digital form. Digitalization is the automatization of processes. Finally, we have digital transformation, which is already a reality, but may represent a great gap between the most modernized countries and countries in digital transition. It means using all available technology, mainly AI and cloud servers to transform business completely in a way we never imagined possible. What we are talking about at the Slovenian Institute Josef Stefan is an example of this transformation and how it will impact the world of business and governance and that is artificial intelligence digital twins. Given its transformative power, this should be examined in greater detail.