Economic Evaluation of Digitalization
Headline Economic Evaluation of Digitalization
In the context of Smart Factory and Industry 4.0, one way to meet the increasing competitiveness among organizations is digitalization. Currently, there is high attention on related topics in both academia and practice. As all these digitalization technologies are developed to be used in profit-oriented manufacturing organizations, research in LaiLa also aims to evaluate their economic benefits. One challenge thereby is that the business value of data and the implications of its usage are difficult to determine. This leads to various issues, such as organizations being unsure whether to invest in new technologies.
Research insights from LaiLa shall help to shed light on these highly uncertain investments. Ultimately, the newly developed models and methods within LaiLa will enable organizations to make better decisions.