A4 Conference proceedings

Creating Value from Fleet Life-Cycle Data in Business Ecosystem

Publication Details
Authors: Kinnunen Sini-Kaisu, Marttonen-Arola Salla, Kärri Timo
Publication year: 2018
Language: English
Title of parent publication: WCEAM 2018 World Congress on Engineering Asset Management
JUFO-Level of this publication: 0
Open Access: Not an Open Access publication


To manage
successfully a fleet of assets requires data collection from a fleet that can
be distributed globally and to several companies. Thus, data collection is
often conducted by multiple actors in business ecosystem, which makes it
difficult to get access to all the data concerning a fleet. There is a huge
potential to benefit from fleet data due to increasingly gathered data,
Internet of Things technologies, and data analysis tools. It is important to
demonstrate the value that can be achieved by systematically utilizing fleet
data as a support of fleet-level decision making. In this paper, a conceptual
model is proposed to illustrate the costs and benefits of fleet life-cycle data
utilization in business ecosystem. The model has been developed based on the
prior literature and research conducted in collaboration with industry. An
example ecosystem is proposed, formed by an equipment manufacturer, its
customer company, and an information service provider. The model demonstrates
the costs and benefits for each actor in the ecosystem and works as a managerial
tool to develop the collaboration, fleet data utilization, service development,
and data-based value creation in the ecosystem. The results deepen the
scientific discussion about value of information and emphasize the importance
of measuring the benefits that need to exceed the costs of data refining in
order to create value from data. Further
research focuses on the actual modelling based on the structure presented in
this paper.

Last updated on 2020-28-02 at 12:23