2019
DOI: 10.24251/hicss.2019.714
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Designing Smart Services: A System Dynamics-Based Business Modeling Method for IoT-Enabled Maintenance Services

Abstract: This paper reports on a design science research project aiming to develop a method to support business decision-making regarding IoT-enabled maintenance services for Original Equipment Manufacturers (OEMs). Often, these OEMs remain reluctant to make full use of recent advances in the Internet of Things (IoT), sensor technologies and data analytics for providing services on installed equipment with Asset Owners (AOs). These new developments allow them to advance on their servitization journeys from selling prod… Show more

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Cited by 5 publications
(4 citation statements)
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“…As noted previously, we worked with multiple OEMs in a research consortium for 4 years. Our specific focus here was on a dynamic modeling approach to assess business models for IoT-enabled smart maintenance services (Akkermans et al, 2019). In Appendix A, we provide case vignettes of the four OEMs from which we draw our data.…”
Section: Empirical Findings: Data-driven Growth Inhibitorsmentioning
confidence: 99%
See 1 more Smart Citation
“…As noted previously, we worked with multiple OEMs in a research consortium for 4 years. Our specific focus here was on a dynamic modeling approach to assess business models for IoT-enabled smart maintenance services (Akkermans et al, 2019). In Appendix A, we provide case vignettes of the four OEMs from which we draw our data.…”
Section: Empirical Findings: Data-driven Growth Inhibitorsmentioning
confidence: 99%
“…These digitization trends are leading to “smart maintenance” practices (e.g., Akkermans et al, 2019; Bokrantz et al, 2020) such as CBM. Digitization has made CBM technically more feasible.…”
Section: Cbm and Smart Servicesmentioning
confidence: 99%
“…The CS department lacks the tools and experience to understand the logistics costs involved for CSCM, and CSCM has little experience with the impact of failures on CS. The usefulness of tools to provide insights between internal stakeholders of an organization is recognized by the literature (Akkermans et al, 2019). Therefore, the models developed in this project could help with creating insights and support decision-making in these control tower meetings.…”
Section: Contributionsmentioning
confidence: 99%
“…This paradigm addressed existing practices that were much more focussed on the improved management of maintenance, from reactive to proactive activities, through prognostics based on largely disconnected datasets with potential for data quality and timeliness penalties. The increasing importance of maintenance as a service in industry is highlighted by Akkermans et al (2019); these authors highlight that the product service methodology has evolved into the provision of smart maintenance services to complement products, made possible by more accurate quantifications of service needs and costs based on real-time analytics.…”
Section: E-maintenancementioning
confidence: 99%