A1 Journal article (refereed), original research

The value of ecosystem collaboration: fleet life cycle data-based cost-benefit model


Publication Details
Authors: Kinnunen Sini-Kaisu, Marttonen-Arola Salla, Kärri Timo
Publisher: Inderscience
Publication year: 2021
Language: English
Related journal or series: International Journal of Industrial and Systems Engineering
Volume number: 38
Issue number: 1
Start page: 59
End page: 83
Number of pages: 25
ISSN: 1748-5037
eISSN: 1748-5045
JUFO level of this publication: 1
Open Access: Not an Open Access publication

Abstract

A fleet of assets and fleet data are often distributed globally and into
several companies. It is important to demonstrate the value that can be achieved
by systematically utilising fleet data as a support of decision-making. There is
huge potential to benefit from fleet data due to increasingly gathered data,
internet of things technologies, and data analysis tools. In this paper, a model is
proposed to illustrate the ecosystem around a fleet and how to evaluate the
costs and benefits of fleet data utilisation in an ecosystem. 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 collaboration, fleet data utilisation, service development, and
value creation from the data. The model is tested with illustrative data in a
maintenance context. The results deepen the scientific discussion on the value
of information and emphasise the importance of understanding how value can
be created from fleet life-cycle data. The challenge lies in determining whose
value should be maximised and how the ecosystem could develop collaboration
in data utilisation to create value.


Last updated on 2021-01-06 at 14:55

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