Volker Stich
Refine
Document Type
- Conference Proceeding (12)
- Part of a Book (3)
- Contribution to a Periodical (3)
- Working Paper (3)
- Article (1)
- Internet Paper (1)
Language
- English (13)
- German (9)
- Multiple languages (1)
Is part of the Bibliography
- no (23)
Keywords
- Arbeit 4.0 (1)
- Arbeitsgestaltung (1)
- Asset Management (1)
- Augmented Reality (1)
- Customer-Success-Management (1)
- Data Products (1)
- Datenaustausch (1)
- Datensouveränität (1)
- Dienstleistung (1)
- Dienstleistungssektor (1)
Institute
- Dienstleistungsmanagement (23) (remove)
Towards a Methodology to Determine Intersubjective Data Values in Industrial Business Activities
(2021)
This paper contributes to a valuation framework for valuing data as an intangible asset. Especially those industrial manufacturers developing and delivering holistic digital solutions are limited in calculating the true business value of data initiatives. Since the value of data is strongly dependent on the respective use case, a completely objective valuation is not possible. This complicates decision-making on the internal side regarding investments in digital transformation, and on the external side to communicate existing benefits to third parties via financial reporting. Therefore, the target is to design a valuation framework that allows industrial manufacturers to determine an intersubjective, i.e., traceable and transparent, data value. In order to develop a framework that can be applied in practice, the approach is based on industrial case study research.
Industrie 4.0 is said to have major positive effects on productivity in manufacturing companies. However, these effects are not visible yet. One reason for this is the lack of understanding of maintenance services as a crucial value contributing partner in production processes, although scientific literature already highlighted the importance of indirect maintenance costs. In order to retrieve the unused potential of maintenance services, a digital shadow in form of a sufficiently precise digital representation is required, providing a data model for the value of maintenance actions so that asset and maintenance strategies can be optimized later on. Using case study research for process manufacturers, the first research contribution of this paper consists of 21 value contributing elements being identified. The second contribution is a reference processes model, showing seven major process steps as well as the required intra-organization interaction on an information technology system level. Therefore, it provides the base for the missing data model shaping the targeted digital shadow of maintenance services’ value contribution. [https://link.springer.com/chapter/10.1007/978-3-030-57993-7_69]
This paper contributes to an assessment framework for valuing data as an asset. Particularly industrial manufacturers developing and delivering Smart Product Service Systems (Smart PSS) are comprehensively depended on the business value derived by processing data. However, there is a lack in a framework for capturing and comparing the Smart PSS data value with the purpose of increasing the accountability of data initiatives. Therefore a qualitative data value assessment approach was developed and specified on Smart PSS, based on an industrial case study research. [https://link.springer.com/chapter/10.1007/978-3-030-57997-5_39]
Reliability-centered maintenance for production assets is a well-established concept for the most effective and efficient disposition of maintenance resources. Unfortunately, the approach takes a lot of effort and relies heavily on the knowledge of individuals. Reliability data in Computerized Maintenance Management System (CMMS) is scarce and almost never used well. An automated risk assessment system would have the potential to contribute to the dissemination and effective use of risk information and analysis. The individuality of production setting, however, prevents current systems from being practically relevant for most industries. The presented approach combines ontologies to store and link knowledge, an information logistics model displaying the various information streams, and the Internet of production to take the different user systems and infrastructure layers into account. The provided model of a reference digital shadow for risk information and a detailed information logistics model will help software companies to improve reliability software, standardize and enable assets owners to establish a customized digital shadow for their production networks. [https://link.springer.com/chapter/10.1007/978-3-030-57993-7_2]
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]
More and more manufacturing companies are starting to transform the transaction-based business model into a customer value-based subscription business to monetize the potential of digitization in times of saturated markets. However, historically evolved, linear acquisition processes, focusing the transactionoriented product sales, prevent this development substantially. Elemental features of the subscription business such as recurring payments, short-term release cycles, data-driven learning, and a focus on customer success are not considered in this approach. Since existing transactional-driven acquisition approaches are not successfully applicable to the subscription business, a systematic approach to an acquisition cycle of the subscription business in the manufacturing industry is presented, aiming at a long-term participative business. Applying a grounded theory approach, a task-oriented model for themanufacturing industry was developed.
The model consisting of five main tasks and 14 basis tasks serves as best practice to support manufacturing companies in adapting or redesigning acquisition activities for their subscription business models.
Augmented reality seems to offer great potential benefits in the field of industrial services. However, the question of the exact benefits, both monetary and qualitative, is difficult to evaluate, as is the case with IT investments in gen-eral. Within the framework of the DM4AR research project, an evaluation model was therefore developed. Based on group discussions and interviews on potential AR use cases, a list of monetary and qualitative benefits was compiled to form the basis for selecting suitable evaluation modules in the existing literature. These include an impact chain analysis in the form of a strategy map, a monetary eval-uation as a calculation of the return on investment, based on the assumptions of the use case as well as existing studies, and a qualitative evaluation in the form of a utility analysis. The outcome is an evaluation model in the form of a multi-perspective approach that considers the impact of AR in the four perspectives of the balanced scorecard (financial, customer, internal business processes, learning and growth). The results of the qualitative and monetary evaluation can be sum-marized in a 2D matrix to support decision-making.
In der neuen Expertise des Forschungsbeirats Industrie 4.0 untersuchen das FIR e. V. an der RWTH Aachen und das Industrie 4.0 Maturity Center den Status-quo und die aktuellen Herausforderungen der deutschen Industrie bei der Nutzung und wirtschaftlichen Verwertung von industriellen Daten. Handlungsoptionen für Unternehmen, Verbände, Politik und Wissenschaft zeigen auf, wie der Nutzungsgrad der Datenbasis erhöht werden kann und wie sich Potenziale bei der Monetarisierung ausschöpfen lassen. Der Fokus liegt dabei auf produzierenden Unternehmen.
Künstliche Intelligenz (KI) hat als Technologie in den vergangenen Jahren Marktreife erlangt. Es existiert eine Vielzahl benutzerfreundlicher Produkte und Services, welche die Anwendung von KI im Alltag und im Unternehmen vereinfachen. Die Herausforderung, vor denen Anwendende, gerade im betriebswirtschaftlichen Kontext, stehen, ist nicht die technische Machbarkeit einer KI-Applikation, sondern deren organisatorisch und rechtlich zulässige Gestaltung. Zu einer zunehmenden Dynamik in der Gesetzgebung kommt ein gesellschaftliches Interesse an der Kontrolle und Transparenz über die für KI-Modelle erhobenen Daten. Die Diskussion über Datensouveränität im geschäftlichen und privaten Alltag rückt mehr und mehr in das Zentrum der öffentlichen Aufmerksamkeit.
Datenbasierte KI-Anwendungen stehen damit in einem Spannungsfeld zwischen den Potenzialen, die das Erheben und Teilen von Daten über Unternehmensgrenzen hinweg bietet, und der Herausforderung, die Datensouveränität der involvierten Personen zu wahren. Die vorliegende Studie soll erstens über die Auswirkungen der Datensouveränität und die damit verbundenen aktuellen und kommenden Regularien auf KI-Anwendungsfälle aufklären. Dafür wurden Expertinnen und Experten aus den Bereichen Recht, KI- und Organisationsforschung befragt. Zweitens zeigt die Studie Potenziale und Best Practices von KI-Anwendungsfällen mit überbetrieblichem Datenaustausch auf. Dafür wurden Fallstudien in Unternehmen durchgeführt, die bereits erfolgreich Datenaustausch in ihre Geschäftsmodelle integriert haben, um ihre KI-Applikationen zu betreiben und zu verbessern.
Ongoing digitalization and Industry 4.0 enable the development of new business models due to the increase in available data and digital connected products. A promising business model type for the machinery and plant engineering industry are subscription models, consisting of products and services offered in return for continuous payments. However, subscription-based business models are associated with extensive changes in the traditional machinery and plant engineering industry, in particular, for small and medium-sized companies (SMEs). Established concepts for the development of value propositions and business models neglect important aspects, such as the integrated development and optimization of products and services across the entire life cycle or the data infrastructure. This paper presents a concept for a methodology to support SMEs developing value propositions within subscription models. Therefore, the systematic identification of customer benefits, the determination and prioritization of subscription relevant functionalities as well as the design of product and service elements addressing those functionalities are the main aspects on which the focus is placed on. The result is a subscription value proposition canvas for SMEs to address the impact of subscription models on products and services.