Value Proposition for Smart Retrofit Solutions

Aditya Mairal, Michael Muller, Todd Rossi

2022

Abstract

Smart retrofitting can include automation, simulation, data collection and optimization of manufacturing processes. It is strongly coupled with the concept of Industrial Internet of Things (IIoT). The adoption of smart retrofitting in manufacturing is found to be modest despite their benefits. Lack of structured value proposition approach by application is suspected as one of the major reasons for lower adoption. This paper provides a value proposition matrix and applies the same to ten low-hanging fruit smart retrofit applications. This would provide a framework for understanding the full value a smart retrofit applications can provide. The matrix can also be used to rank the smart retrofit solutions.

Paper Citation

in Harvard Style

Mairal A., Muller M. and Rossi T. (2022). Value Proposition for Smart Retrofit Solutions. In Proceedings of the 11th International Conference on Smart Cities and Green ICT Systems - Volume 1: SMARTGREENS, ISBN 978-989-758-572-2, pages 125-129. DOI: 10.5220/0011070000003203

in Bibtex Style

@conference{smartgreens22,
author={Aditya Mairal and Michael Muller and Todd Rossi},
title={Value Proposition for Smart Retrofit Solutions},
booktitle={Proceedings of the 11th International Conference on Smart Cities and Green ICT Systems - Volume 1: SMARTGREENS,},
year={2022},
pages={125-129},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0011070000003203},
isbn={978-989-758-572-2},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 11th International Conference on Smart Cities and Green ICT Systems - Volume 1: SMARTGREENS,
TI - Value Proposition for Smart Retrofit Solutions
SN - 978-989-758-572-2
AU - Mairal A.
AU - Muller M.
AU - Rossi T.
PY - 2022
SP - 125
EP - 129
DO - 10.5220/0011070000003203