A pricing model to monetize your industrial data

  1. Mendizabal-Arrieta, Gorka
  2. Castellano-Fernández, Eduardo
  3. Rapaccini, Mario
Revista:
Frontiers in Manufacturing Technology

ISSN: 2813-0359

Año de publicación: 2023

Volumen: 3

Tipo: Artículo

DOI: 10.3389/FMTEC.2023.1057537 GOOGLE SCHOLAR lock_openAcceso abierto editor

Otras publicaciones en: Frontiers in Manufacturing Technology

Objetivos de desarrollo sostenible

Resumen

Data monetization has become a relevant aspect of the industrial manufacturing. Consequently, this paper proposes a theoretical framework as well as a mathematical model to price industrial data. For this purpose, three characteristics of the data were considered, i.e. 1) quality; 2) entropy and 3) value. Besides, the role of data marketplace’s players was analyzed. In order to validate the economic equation, a case study was carried out by a Spanish manufacturer.

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