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Authors: Aditya Mairal ; Michael Muller and Todd Rossi

Affiliation: Center for Advanced Energy Systems, Rutgers University, New Jersey, U.S.A.

Keyword(s): Smart Retrofitting, IIoT, Value Proposition Matrix, Low-hanging Fruit Applications.

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.

CC BY-NC-ND 4.0

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Paper citation in several formats:
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 - SMARTGREENS; ISBN 978-989-758-572-2; ISSN 2184-4968, SciTePress, pages 125-129. DOI: 10.5220/0011070000003203

@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 - SMARTGREENS},
year={2022},
pages={125-129},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0011070000003203},
isbn={978-989-758-572-2},
issn={2184-4968},
}

TY - CONF

JO - Proceedings of the 11th International Conference on Smart Cities and Green ICT Systems - SMARTGREENS
TI - Value Proposition for Smart Retrofit Solutions
SN - 978-989-758-572-2
IS - 2184-4968
AU - Mairal, A.
AU - Muller, M.
AU - Rossi, T.
PY - 2022
SP - 125
EP - 129
DO - 10.5220/0011070000003203
PB - SciTePress

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