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Platform enabled optimisation

General desciption of Platform enabled optimisation:

Digital platforms will be successful if they provide a clear value proposition to the user groups  involved. In general, digital platforms offer added-value basd upon three main mechanisms:

  • Reduction of transaction costs
  • Network effects
  • Use of data integration for new services (mainly optimisation) and business models

Based upon these mechanisms, added-value can be created in a variety of perspectives (see 'Added Value and Impact').


Associated Results

Siemens Mindsphere will be used to collect and analyse data from the shop floor; cloud-based.

Amazon Web Services – Currently used to host cloud data and machine learning algorithms.