From asset provider to knowledge company—Transformation in the digital era

Research output: Chapter in Book/Report/Conference proceedingChapter or book articleScientificpeer-review

3 Citations (Scopus)

Abstract

Digitalization and the industrial internet is expected to bring major changes in manufacturing and service delivery—following the transformation in business to consumer markets. The industrial internet enables new business by connecting intelligent devices and people using them into cloud based analytics and decision-making systems. The objective of this research was to understand the transformation from an asset provider to a knowledge service company by analysing companies’ service offerings. ‘Data to decision’—framework is used to categorize service concepts according to their knowledge intensity. The framework suggests that the service provider could offer new value to its customers by being able to provide knowledge as a service. In this paper, we discuss shortly the steps that characterize the transformation and the possible business impacts this transformation generates. Additionally, we connect the steps into the framework to help further research in this field. For further research, we suggest that the framework could be used for similar analysis with comparable data and to help to understand the ongoing transition in business ecosystems.

Original languageEnglish
Title of host publicationAsset Intelligence through Integration and Interoperability and Contemporary Vibration Engineering Technologies
EditorsJoseph Mathew, C.W. Lim, Lin Ma, Don Sands, Michael E. Cholette, Pietro Borghesani
PublisherSpringer
Pages333-341
Number of pages9
ISBN (Electronic)978-3-319-95711-1
ISBN (Print)978-3-319-95710-4
DOIs
Publication statusPublished - 2019
MoE publication typeA3 Part of a book or another research book

Publication series

SeriesLecture Notes in Mechanical Engineering
ISSN2195-4356

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  • Cite this

    Kortelainen, H., Happonen, A., & Hanski, J. (2019). From asset provider to knowledge company—Transformation in the digital era. In J. Mathew, C. W. Lim, L. Ma, D. Sands, M. E. Cholette, & P. Borghesani (Eds.), Asset Intelligence through Integration and Interoperability and Contemporary Vibration Engineering Technologies (pp. 333-341). Springer. Lecture Notes in Mechanical Engineering https://doi.org/10.1007/978-3-319-95711-1_33