Abstract
| Original language | English |
|---|---|
| Title of host publication | Resilience, reliability and asset management |
| Subtitle of host publication | Conference proceedings |
| Publisher | Future Resilient Systems (FRS) |
| Pages | 204-207 |
| Number of pages | 4 |
| Publication status | Published - 2019 |
| MoE publication type | D3 Professional conference proceedings |
| Event | World Congress on Resilience, Reliability and Asset Management, WCRRA 2019 - Singapore, Singapore Duration: 28 Jul 2019 → 31 Jul 2019 http://resilienceconference.ethz.ch/ |
Conference
| Conference | World Congress on Resilience, Reliability and Asset Management, WCRRA 2019 |
|---|---|
| Abbreviated title | WCRRA 2019 |
| Country | Singapore |
| City | Singapore |
| Period | 28/07/19 → 31/07/19 |
| Internet address |
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Keywords
- data-driven services
- value
- asset management
- digitalization
Cite this
}
Real Value of Data in Managing Manufacturing Assets. / Uusitalo, Teuvo; Hanski, Jyri; Kortelainen, Helena; Ahonen, Toni.
Resilience, reliability and asset management: Conference proceedings. Future Resilient Systems (FRS), 2019. p. 204-207.Research output: Chapter in Book/Report/Conference proceeding › Conference article in proceedings › Professional
TY - GEN
T1 - Real Value of Data in Managing Manufacturing Assets
AU - Uusitalo, Teuvo
AU - Hanski, Jyri
AU - Kortelainen, Helena
AU - Ahonen, Toni
N1 - only abstract reviewed, no issn/isbn
PY - 2019
Y1 - 2019
N2 - 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.
AB - 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.
KW - data-driven services
KW - value
KW - asset management
KW - digitalization
M3 - Conference article in proceedings
SP - 204
EP - 207
BT - Resilience, reliability and asset management
PB - Future Resilient Systems (FRS)
ER -