The Value of Data for the German Water- and Wastewater industry

Lukas Hormann () and Sarah Stuhl ()
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Lukas Hormann: Hochschule-Ruhr-Werst, Duisburgerstraße 100, 45475 Mülheim an der Ruhr,
Sarah Stuhl: Hochschule-Ruhr-Werst, Duisburgerstraße 100, 45475 Mülheim an der Ruhr,

from Óbuda University, Keleti Faculty of Business and Management

Abstract: This article deals with the value of data for the German water- and wastewater industry. It addresses questions and findings of the digitization to the special field of the economy of utilities and here for water- and wastewater. Firstly describing general aspects of how digital data is compiled and structured, the article shows the growing significance of digital data by analyzing the value chain of water- and wastewater companies and showing, where relevant sources of data are. After that, the assessment of the findings shows, data is becoming more and more important, although the German water- and wastewater companies are organized as a natural monopoly. As the use of (technical) digital data has a long tradition in the German water- and wastewater sector, the article gives suggestions on where new fields of usage of digital data can occur. The expansion of using digital data to meet challenges like cost-pressure, optimizing maintenance patterns and building new sources of value for the company are key findings. As the water and wastewater companies are at a starting point in digitizing the article comes to the conclusion that further research is necessary to foster the advanced use of digital data and give guidelines as well as information.

Keywords: Waste-water; Water; Digitization; Data; Value of Data; Water industry; Google; Facebook; Web-economy; Predicitve Maintenance; world-wide-web; Web 3.0. (search for similar items in EconPapers)
Date: 2018
ISBN: 978-963-449-097-5
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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