Real Value of Data in Managing Manufacturing Assets

Teuvo Uusitalo, Jyri Hanski, Helena Kortelainen, Toni Ahonen

    Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsProfessional


    Manufacturing networks contain vast amounts of data over the whole lifecycle of assets. There is much talk of data-based services and business models but only few practical success stories in the industry. Valuation of data is identified as a major obstacle for successful service business. Actors operating in the value network may have different perspectives about the value of data and do not necessarily see the opportunities that the data offers to other actors in the network. Often the concept of data value may be limited to a single dimension such as quality or security. This paper aims at providinga more holistic perspective on the value of data in manufacturing asset management. The paper presents dimensions of data value based on a literature review. Additionally, future research needs regarding value of data in managing manufacturing assets are identified.
    Original languageEnglish
    Title of host publicationResilience, reliability and asset management
    Subtitle of host publicationConference proceedings
    PublisherFuture Resilient Systems (FRS)
    Publication statusPublished - 2019
    MoE publication typeD3 Professional conference proceedings
    EventWorld Congress on Resilience, Reliability and Asset Management, WCRRA 2019 - Singapore, Singapore
    Duration: 28 Jul 201931 Jul 2019


    ConferenceWorld Congress on Resilience, Reliability and Asset Management, WCRRA 2019
    Abbreviated titleWCRRA 2019
    Internet address


    • data-driven services
    • value
    • asset management
    • digitalization


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