Studies 2021

Monetizing Industrial Data

Study Results /

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Challenge and Motivation

  • Huge amount of data generated in different value chains
  • Combination of industrial data from different sources might lead to valuable insights but is not getting monetized yet

Objective

  • Develop a blue-print for a holistic business model along the value chain
  • Create a value estimation and pay-back guide for the monetization of industrial data

Procedure

  • Player in the value chain: Identification of generic roles along the value chain
  • Value of machine sensor data: Identification of the value that various data sources deliver (Sensors, Manufacturing Execution System etc.)
  • Value of data analytics: Identification of appropriate Machine Learning / analytics models for value generation
  • Value monetization: Alignment of the value proposals and dev. of strategies to capture value driven revenues