Information has become today's addictive currency; hence, companies are investing billions in the creation of Internet of Things (IoT) frameworks that gamble on finding trends that reveal sustainability and/or efficiency improvements. This approach to “Big Data” can lead to blind, astronomical costs. Therefore, this paper presents a counter approach aimed at minimizing the cost of utilizing “Big Data” for sustainable value creation. The proposed approach leverages domain/expert knowledge of the system in combination with a machine learning algorithm in order to limit the needed infrastructure and cost. A case study of the approach implemented in a consumer electronics company is also included.
Digital Object Identifier (DOI)
Bradley, Ryan; Jawahir, Ibrahim S.; Murrell, Niko; and Whitney, Julie, "Parallel Design of a Product and Internet of Things (IoT) Architecture to Minimize the Cost of Utilizing Big Data (BD) for Sustainable Value Creation" (2017). Institute for Sustainable Manufacturing Faculty Publications. 3.