AUTHOR=Mendizabal-Arrieta Gorka , Castellano-Fernández Eduardo , Rapaccini Mario 

TITLE=A pricing model to monetize your industrial data

JOURNAL=Frontiers in Manufacturing Technology

VOLUME=Volume 3 - 2023

YEAR=2023

URL=https://www.frontiersin.org/journals/manufacturing-technology/articles/10.3389/fmtec.2023.1057537

DOI=10.3389/fmtec.2023.1057537

ISSN=2813-0359

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.