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research article
oaioai:ebiltegia.mondragon.edu:20.500.11984/5977

A pricing model to monetize your industrial data

Authors
Publication date
1 January 2023
Publisher
Frontiers
Doi

    Abstract

    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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    Licence: http://creativecommons.org/licenses/by/4.0/