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Industrial food production represents one of the largest industries, accounting for a share of ten percent of the world’s gross domestic product. Simultaneously, it is responsible for 26 percent of global greenhouse gas emissions. Due to increasing CO2 taxes and population’s call for sustainability and CO2 reduction, it is facing challenges in terms of economic profitability and stakeholder demands. These challenges could partly be overcome by participating in data ecosystems in which data are refined as data products, understood, exchanged and monetized as economic goods. Despite large amounts of data, collected parenthetically along the value chain in food production, potentials of data analytics and data ecosystems are only marginally exploited. Food production mainly focuses on traditional, product-centric business models. This work shows the conceptualization of a data ecosystem for food production, enabling data-based business models. Therefore, resources, ac- tors, roles and underlying relationships of future ecosystem are analyzed. Building on these, corresponding architectural and analytical artifacts that support data ecosystem exploitation are presented. A food production data ecosystem is exemplified by applying data analytics to compressor data, which reveals high potentials for CO2 reduction.
Since data becomes more and more important in industrial context, the question arises on how data-driven added value can be measured consistently and comprehensively by manufacturing companies. Currently, attempts on data valuation are primarily taking place on internal company level and qualitative scale. This leads to inconclusive results and unused opportunities in data monetization. Existing approaches in theory to determine quantitative data value are seldom used and less sophisticated. Although quantitative valuation frameworks could enable entities to transfer data valuation from an internal to an external level to take account of progress in digital transformation into external reporting. This paper contributes to data value assessment by presenting a four-part valuation framework that specifies how to transfer internal, qualitative to external, quantitative data valuation. The proposed framework builds on insights derived from practice-oriented action research. The framework is finally tested with a machine tool manufacturer using a single case study approach. Placing value on data will contribute to management’s capability to manage data as well as to realize data-driven benefits and revenue. [https://link.springer.com/chapter/10.1007/978-3-030-85902-2_19]