A Framework for Creating Value from Fleet Data at Ecosystem Level
As companies have recently gotten more interested in utilizing the increasingly gathered data and realizing the potential of data analysis, the ability to upgrade data into value for business has been recognized as an advantage. Companies gain competitive advantage if they are able to benefit from t...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Sciendo
2017-09-01
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| Series: | Management Systems in Production Engineering |
| Subjects: | |
| Online Access: | https://doi.org/10.1515/mspe-2017-0024 |
| _version_ | 1818055064354291712 |
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| author | Kinnunen Sini-Kaisu Hanski Jyri Marttonen-Arola Salla Kärri Timo |
| author_facet | Kinnunen Sini-Kaisu Hanski Jyri Marttonen-Arola Salla Kärri Timo |
| author_sort | Kinnunen Sini-Kaisu |
| collection | DOAJ |
| description | As companies have recently gotten more interested in utilizing the increasingly gathered data and realizing the potential of data analysis, the ability to upgrade data into value for business has been recognized as an advantage. Companies gain competitive advantage if they are able to benefit from the fleet data that is produced both in and outside the boundaries of the company. Benefits of fleet management are based on the possibility to have access to the massive amounts of asset data that can then be utilized e.g. to gain cost savings and to develop products and services. The ambition of the companies is to create value from fleet data but this requires that different actors in ecosystem are working together for a common goal - to get the most value out of fleet data for the ecosystem. In order that this could be possible, we need a framework to meet the requirements of the fleet life-cycle data utilization. This means that the different actors in the ecosystem need to understand their role in the fleet data refining process in order to promote the value creation from fleet data. The objective of this paper is to develop a framework for knowledge management in order to create value from fleet data in ecosystems. As a result, we present a conceptual framework which helps companies to develop their asset management practices related to the fleet of assets. |
| first_indexed | 2024-12-10T12:07:00Z |
| format | Article |
| id | doaj.art-918792db71d14042995e8d2a1a9b7fcc |
| institution | Directory Open Access Journal |
| issn | 2450-5781 |
| language | English |
| last_indexed | 2024-12-10T12:07:00Z |
| publishDate | 2017-09-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Management Systems in Production Engineering |
| spelling | doaj.art-918792db71d14042995e8d2a1a9b7fcc2022-12-22T01:49:26ZengSciendoManagement Systems in Production Engineering2450-57812017-09-0125316316710.1515/mspe-2017-0024A Framework for Creating Value from Fleet Data at Ecosystem LevelKinnunen Sini-Kaisu0Hanski Jyri1Marttonen-Arola Salla2Kärri Timo3School of Business and Management, Lappeenranta University of Technology Lappeenranta Skinnarilankatu 34, 53850 Lappeenranta, FinlandVTT Technical Research Centre of Finland Ltd Tampere Tekniikankatu 1, 33720 Tampere, FinlandSchool of Business and Management, Lappeenranta University of Technology Lappeenranta Skinnarilankatu 34, 53850 Lappeenranta, FinlandSchool of Business and Management, Lappeenranta University of Technology Lappeenranta Skinnarilankatu 34, 53850 Lappeenranta, FinlandAs companies have recently gotten more interested in utilizing the increasingly gathered data and realizing the potential of data analysis, the ability to upgrade data into value for business has been recognized as an advantage. Companies gain competitive advantage if they are able to benefit from the fleet data that is produced both in and outside the boundaries of the company. Benefits of fleet management are based on the possibility to have access to the massive amounts of asset data that can then be utilized e.g. to gain cost savings and to develop products and services. The ambition of the companies is to create value from fleet data but this requires that different actors in ecosystem are working together for a common goal - to get the most value out of fleet data for the ecosystem. In order that this could be possible, we need a framework to meet the requirements of the fleet life-cycle data utilization. This means that the different actors in the ecosystem need to understand their role in the fleet data refining process in order to promote the value creation from fleet data. The objective of this paper is to develop a framework for knowledge management in order to create value from fleet data in ecosystems. As a result, we present a conceptual framework which helps companies to develop their asset management practices related to the fleet of assets.https://doi.org/10.1515/mspe-2017-0024fleet dataecosystemframeworkvaluedata refiningasset management |
| spellingShingle | Kinnunen Sini-Kaisu Hanski Jyri Marttonen-Arola Salla Kärri Timo A Framework for Creating Value from Fleet Data at Ecosystem Level Management Systems in Production Engineering fleet data ecosystem framework value data refining asset management |
| title | A Framework for Creating Value from Fleet Data at Ecosystem Level |
| title_full | A Framework for Creating Value from Fleet Data at Ecosystem Level |
| title_fullStr | A Framework for Creating Value from Fleet Data at Ecosystem Level |
| title_full_unstemmed | A Framework for Creating Value from Fleet Data at Ecosystem Level |
| title_short | A Framework for Creating Value from Fleet Data at Ecosystem Level |
| title_sort | framework for creating value from fleet data at ecosystem level |
| topic | fleet data ecosystem framework value data refining asset management |
| url | https://doi.org/10.1515/mspe-2017-0024 |
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