Manufacturing networks contain vast amounts of data over the whole life cycle of assets. There is much talk of data based services and business models but limited number of success stories from 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 providing a 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.
|Series||Lecture Notes in Mechanical Engineering|
|Conference||14th World Congress on Engineering Asset Management, WCEAM 2019 |
|Period||28/07/19 → 31/07/19|
- Data-driven services
- Asset management