Smart Factory – Requirements for Exchanging Machine Data

Freichel, Chiara; Fuchs, Anna; Werner, P. Ch.

doi:10.1007/978-3-030-64823-7_32

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Faroukhi Et Al (2020)1

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2023

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“…Furthermore, this industrial manufacturer was collaborating with a third company in order to use a data monitoring dashboard (Sarikaya et al, 2018) and, therefore, to analyse, process and consult industrial data. In fact, it is important to point out that "Industry 4.0 scenarios require a complete integration of machines, processes and information flows based on advanced information and communication technology" (Freichel et al, 2020). As far as our case study is concerned, the sensor system incorporated into the machine was able to classify data into two main groups based on their location in the machine, namely the bottle making machine (BMM) and the bottle production line (BPL).…”

Section: Faroukhi Et Al (2020)mentioning

confidence: 99%

A pricing model to monetize your industrial data

Mendizabal-Arrieta¹,

Castellano-Fernández²,

Rapaccini³

2023

Front. Manuf. Technol.

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Data monetization has become a relevant aspect of the industrial manufacturing. Consequently, this paper proposes a theoretical framework as well as a mathematical model to price industrial data. For this purpose, three characteristics of the data were considered, i.e. 1) quality; 2) entropy and 3) value. Besides, the role of data marketplace’s players was analyzed. In order to validate the economic equation, a case study was carried out by a Spanish manufacturer.

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Section: Faroukhi Et Al (2020)mentioning

confidence: 99%