The availability of data, the need for customized products, and possibility for data-driven improvements, e.g., in production and/ or for products and services, increases the importance of having the capabilities to monetize industrial data.
| Topic Fields | |
| Published | 2021 |
| Involved Institutes | |
| Project Type | ICNAP Community Study |
| Result Type | |
| Responsibles |
The conducted study ››Monetizing Industrial Data‹‹ answers the question how companies along a value chain can monetize the insights derived from industrial dataand helps to establish an in-depth understanding of monetization opportunities. Initially, the importance of data-driven business models was highlighted. Moreover, a data-driven ecosystem and associated utility potentials were introduced and analyzed regarding their monetization potentials along three constituent parts of a business model. To derive and evaluate potential monetization strategies based on industry assessment, a survey to the value creation efforts of individual ecosystem roles was conducted with the partners of the ICNAP community.
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