FIR e. V. an der RWTH Aachen
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Institute
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.
Digitalization and Industry 4.0 continue to shape our industrial environment and collaboration. For many enterprises, a key challenge in moving forward in this matter is the integration of their shop-floor systems (hard- and software) with their office-floor systems to harvest the full potential of industry 4.0.
A multitude of different technologies and respective use-cases available on the market leave many companies startled. This paper presents a set of use-cases for IT-OT-Integration to bring transparency into a company’s digital transformation.
Additionally, a technical requirements profile for integrating IT- and OT-Systems based on the use cases is presented. Both, use-cases and their requirements, guide companies in selecting the digitalization measures that fit their current situation and help in identifying technical challenges that need to be addressed in the transformation process.
Digitalization offers enormous opportunities not only to optimize operational processes, but also to redefine creative processes, e.g., in the area of innovation. This is becoming increasingly important in light of the fact that innovation is increasingly taking place in ecosystems, which means that an enormous amount of collaboration must be enabled in distributed and interdisciplinary teams. To be successful in this, innovation teams need easy access to the multitude of methods and assistance in selecting the appropriate method for the specific task. To this end, we propose a classification framework that structures methods from innovation management and service design based on higher-level task areas. The framework was developed and evaluated together with several companies. Results were implemented in the form of a playbook that won the red dot design award. [https://link.springer.com/chapter/10.1007/978-3-030-80840-2_22]
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]
This chapter addresses the market launch and sales of smart services. It opens with an introduction of the new challenges that the market launch of smart services creates for companies. Then follows the discussion of a four-phase approach to the market launch of smart services. Subsequently, successful practices are presented for this approach along eight design fields of the market launch. [https://link.springer.com/chapter/10.1007/978-3-030-58182-4_8]
Smart Service Prototyping
(2021)
This chapter is dedicated to prototyping, one of the steps of the Smart Service Engineering Cycle. It includes three phases: realizing core functionalities, developing core functionalities, and testing functionalities with customers. In order to realize prototypes successfully, methodical aspects of rapid IoT prototyping are used.
First of all, this chapter explains the motivation behind rapid prototyping and provides an introduction to the approach. The concept of rapid IoT prototyping is based on the idea of developing short-cycle solution variants on the basis of benefit hypotheses or benefit promises and user stories focusing on them. The aim is to achieve data acquisition, aggregation, linkage, processing, and finally visualization by developing it in a vertically integrated manner. Once this is accomplished, the prototype can be evaluated with customers, which also makes it possible to put the benefit hypotheses to the test. Finally, the collected customer feedback can be incorporated more quickly into the development process of new prototype versions, leading to a continuous improvement of the user experience as well as a constant focus on prioritizing the user. Another component of rapid IoT prototyping is working and thinking in terms of minimum viable products (MVP), i.e., solutions that do not meet all of the defined requirements in the first iteration, but are nevertheless already functional. [https://link.springer.com/chapter/10.1007/978-3-030-58182-4_6]
This chapter examines the question of the contribution of smart services for companies and the implications this has for the management of these business models. The chapter starts by outlining the different terminology used to describe smart services and introduces a business-driven view on the digitalization strategy of a company. The characteristic features of digital business models are explained as well as their implications for the management of smart service organizations. [https://link.springer.com/chapter/10.1007/978-3-030-58182-4_4]
Low-Level-Code Based Production Model For Improving Material Requirements Planning In ERP Systems
(2021)
Single and small-series production companies face specific challenges, such as variable customer order decoupling points (CODP), decreasing quantities and rising cost pressure. This leads to a increasing production complexity and growing requirements on Production Planning and Control (PPC). Digitalization’s direct links between objects, people, and machines as well as detailed recording of production progresses opens new solutions for PPC. However, volume of data and the required processing times are increasing. Thus, to achieve near-real-time data processing, a decentralization of decision-making systems can be observed. The function Material Requirements Planning (MRP) is PPC’s original need for Enterprise Resource Planning (ERP) systems. Here, PPC’s overall problem (to fulfil primary requirements for products) is divided into subproblems (to fulfil single production orders). Especially companies characterized by an organization in accordance to the workshop principle, high in-house production depth and variable CODP are confronted with high dynamics in their production systems. This ends in significant differences between primary requirements (overall problem) and single production orders (subproblems). Ultimately, these insufficient PPC data result systematically in a non-optimal overall solution despite optimal partial solutions. This publication combines PPC’s fundamentals from existing commonly known models with current implementation concepts of ERP systems. A newly developed Low-Level-Code based Production Model provides explanations for deviations between the overall problem and its subproblems. Furthermore, information flows of PPC can be structured between a periodically actualized vertical and an event driven horizontal information flow. These recognitions lead to an improvement of PPC by ERP systems.
Industrial practice shows a strong trend towards digitalization. It is not only economic crises, such as those triggered by Covid-19, that are reinforcing this trend. It is also the entrepreneurial urge to fulfill customer wishes in the best possible way and to adapt to new requirements as quickly as possible. Due to the advancing digitalization, the role of business application systems in manufacturing companies is therefore becoming increasingly important. The data processed in IT-Systems represent a great potential, especially for the evaluation of change requests in production. Through efficient change management, companies can record and process changes quickly. However, the necessary data basis to decide on existing change requests is still hardly used. Existing IT-Systems for change management coordinate the processing of change requests, but do not relate to data of operational application systems such as Enterprise-Resource-Planning. Therefore, a conceptual approach is required for the evaluation of change requests. This approach is based on an objective recording system that enables the transformation from the change description to an evaluation space. The paper presents an approach for the systematic transfer of requirement characteristics into the world of operational IT-Systems.