Data monetization (DM) 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.
CITATION STYLE
Mendizabal-Arrieta, G., Castellano-Fernández, E., & Rapaccini, M. (2023). A pricing model to monetize your industrial data. Frontiers in Manufacturing Technology, 3. https://doi.org/10.3389/fmtec.2023.1057537
Mendeley helps you to discover research relevant for your work.