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Factors Influencing Adoption of IoT for Data-driven Decision Making in Asset Management Organizations

Topics: Adoption challenges and recommendation; Data and Knowledge Management ; Future of IoT and Big Data; Security, Privacy and Trust ; Social Implications for IoT; Social informatics, challenges and recommendations for IoT; Social Science and Implications for Big Data

Authors: Paul Brous ; Daan Schraven ; Jasper Spiegeler and Baris Can Duzgun

Affiliation: Delft University of Technology, Netherlands

ISBN: 978-989-758-245-5

Keyword(s): IoT, Internet of Things, Asset Management, Data Governance, Decision Making.

Abstract: Organizations tasked with managing large scale, public civil infrastructure are increasingly looking at data to drive their asset management decision-making processes. The Internet of Things (IoT) enables the creation of data that can be used to gain further insights into the current and predicted state of the infrastructure and may help automate the asset management process. Yet, it remains unclear to what extent data from IoT impacts decision-making in public asset management organizations. The objective of this paper is to explore implementation factors for adoption of new data sources for decision-making in asset management organizations. Based on a systematic literature review and case studies in the asset management domain, this paper derives the current use and expectations of new data sources for decision-making in asset management. The paper concludes that although recent technological developments have enabled the deployment of IoT for asset management, the current level of adoption remains low. The inherent complexity of adopting a data-driven approach to asset management requires an effective data governance strategy to ensure data quality, manage expectations, build trust and integrate IoT data in decision-making processes. (More)

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Paper citation in several formats:
Brous, P.; Janssen, M.; Schraven, D.; Spiegeler, J. and Can Duzgun, B. (2017). Factors Influencing Adoption of IoT for Data-driven Decision Making in Asset Management Organizations.In Proceedings of the 2nd International Conference on Internet of Things, Big Data and Security - Volume 1: IoTBDS, ISBN 978-989-758-245-5, pages 70-79. DOI: 10.5220/0006296300700079

@conference{iotbds17,
author={Paul Brous. and Marijn Janssen. and Daan Schraven. and Jasper Spiegeler. and Baris Can Duzgun.},
title={Factors Influencing Adoption of IoT for Data-driven Decision Making in Asset Management Organizations},
booktitle={Proceedings of the 2nd International Conference on Internet of Things, Big Data and Security - Volume 1: IoTBDS,},
year={2017},
pages={70-79},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0006296300700079},
isbn={978-989-758-245-5},
}

TY - CONF

JO - Proceedings of the 2nd International Conference on Internet of Things, Big Data and Security - Volume 1: IoTBDS,
TI - Factors Influencing Adoption of IoT for Data-driven Decision Making in Asset Management Organizations
SN - 978-989-758-245-5
AU - Brous, P.
AU - Janssen, M.
AU - Schraven, D.
AU - Spiegeler, J.
AU - Can Duzgun, B.
PY - 2017
SP - 70
EP - 79
DO - 10.5220/0006296300700079

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