Abstract
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 language | English |
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| Title of host publication | Resilience, reliability and asset management |
| Subtitle of host publication | Conference proceedings |
| Publisher | Future Resilient Systems (FRS) |
| Pages | 204-207 |
| 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/Territory | Singapore |
| City | Singapore |
| Period | 28/07/19 → 31/07/19 |
| Internet address |
Keywords
- data-driven services
- value
- asset management
- digitalization