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Supporting Strategic Decision Making for Data Monetization in the Era of Digital Transformation

  • Unlocking the value of data remains one of the most pressing and promising strategic challenges in the age of digital transformation. While data is widely recognized as a key asset, many organizations still face difficulties in converting its potential into tangible business value. This paper presents a research-based framework for data monetization strategies, developed through literature review, expert input, and ecosystem analysis. To support practical application, the framework is complemented by a diagnostic questionnaire that helps organizations assess their current capabilities and reflect on suitable strategic directions. Designed for early-stage use, the tool fosters alignment between monetization efforts and the company’s transformation context. The approach was developed within the EU-funded DATAMITE project and contributes to advancing strategy development in industrial data use and digital production management.

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Metadaten
Author:Martin LoersORCiD, Dominik Royé, Ilyas Laihem
DOI:https://doi.org/10.1007/978-3-032-03538-7_12
ISBN:978-3-032-03537-0
ISBN:978-3-032-03540-0
ISBN:978-3-032-03538-7
ISSN:1868-4238
ISSN:1868-422X
Parent Title (English):Advances in Production Management Systems. Cyber-Physical-Human Production Systems: Human-AI Collaboration and Beyond. 44th IFIP WG 5.7 International Conference, APMS 2025, Kamakura, Japan, August 31 - September 4, 2025, Proceedings, Part III.
Series (Serial Number):IFIP advances in information and communication technology (766)
Publisher:Springer
Place of publication:Cham [u. a.]
Editor:Hajime Mizuyama, Eiji Morinaga, Tomomi Nonaka, Toshiya Kaihara, Gregor von Cieminski, David Romero
Document Type:Conference Proceeding
Language:English
Date of Publication (online):2025/09/03
Date of first Publication:2025/08/27
Release Date:2025/09/04
Tag:01; 03; Data monetization; Digital transformation strategy; Industrial data management
Page Number:14 S.
Note:
DATAMITE: DATA Monetization, Interoperability, Trading & Exchange

In the research project 'DATAMITE', 27 partners from 13 countries are working on a modular, open-source and cross-domain framework for data use. It aims to improve data usage in all areas: Exchange, Interoperability, Monetization and Commerce. To this end, 'DATAMITE' brings together the key players in the data value chain.

Duration: 01.01.2023 – 31.12.2025
Funding no.: 101092989
Funding: European Union (EU)
Promoters: European Commission

Acknowledgments: This study was funded by the EUROPEAN COMMISSION (Project number 101092989).
Name of the conference:44th IFIP WG 5.7 International Conference, APMS 2025
place of the conference:Kamakura, Japan
Date of the conference:31.08.2025-04.09.2025
Institute / Department:FIR e. V. an der RWTH Aachen
Dienstleistungsmanagement
Dewey Decimal Classification:6 Technik, Medizin, angewandte Wissenschaften / 62 Ingenieurwissenschaften

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