arXiv subjects

Eduardo Vyhmeister

Publications and source records attributed to Eduardo Vyhmeister.

6 recordsLinked to original sources

arXiv2025

Metrics, KPIs, and Taxonomy for Data Valuation and Monetisation -- Internal Processes Perspective

Data valuation and monetisation are emerging as central challenges in data-driven economies, yet no unified framework exists to measure or manage data value across organisational contexts. This paper presents a systematic literature review of metrics and key performance indicators (KPIs) relevant to data valuation and monetisation, focusing on the Internal Processes Perspective of the Balanced Scorecard (BSC). As part of a broader effort to explore all four BSC perspectives, we identify, categorise, and interrelate hundreds of metrics within a comprehensive taxonomy structured around three core clusters: Data Quality, Governance & Compliance, and Operational Efficiency. The taxonomy consolidates overlapping definitions, clarifies conceptual dependencies, and links technical, organisational, and regulatory indicators that underpin data value creation. By integrating these dimensions, it provides a foundation for the development of standardised and evidence-based valuation frameworks. Beyond its theoretical contribution, the taxonomy supports ongoing practical applications in decision-support systems and data valuation models, advancing the broader goal of establishing a coherent, dynamic approach to assessing and monetising data across industries.

cs.ET↗

arXiv2025

A Framework for Data Valuation and Monetisation

As organisations increasingly recognise data as a strategic resource, they face the challenge of translating informational assets into measurable business value. Existing valuation approaches remain fragmented, often separating economic, governance, and strategic perspectives and lacking operational mechanisms suitable for real settings. This paper introduces a unified valuation framework that integrates these perspectives into a coherent decision-support model. Building on two artefacts from the Horizon Europe DATAMITE project, a taxonomy of data-quality and performance metrics, and an Analytic Network Process (ANP) tool for deriving relative importance, we develop a hybrid valuation model. The model combines qualitative scoring, cost- and utility-based estimation, relevance/quality indexing, and multi-criteria weighting to define data value transparently and systematically. Anchored in the Balanced Scorecard (BSC), the framework aligns indicators and valuation outcomes with organisational strategy, enabling firms to assess monetisation potential across Data-as-a-Service, Information-as-a-Service, and Answers-as-a-Service pathways. Methodologically, the study follows a Design Science approach complemented by embedded case studies with industrial partners, which informed continual refinement of the model. Because the evaluation is connected to a high-level taxonomy, the approach also reveals how valuation considerations map to BSC perspectives. Across the analysed use cases, the framework demonstrated flexibility, transparency, and reduced arbitrariness in valuation, offering organisations a structured basis for linking data assets to strategic and economic outcomes.

cs.CY↗

arXiv2025

Data Quality Taxonomy for Data Monetization

This chapter presents a comprehensive taxonomy for assessing data quality in the context of data monetisation, developed through a systematic literature review. Organising over one hundred metrics and Key Performance Indicators (KPIs) into four subclusters (Fundamental, Contextual, Resolution, and Specialised) within the Balanced Scorecard (BSC) framework, the taxonomy integrates both universal and domain-specific quality dimensions. By positioning data quality as a strategic connector across the BSC's Financial, Customer, Internal Processes, and Learning & Growth perspectives, it demonstrates how quality metrics underpin valuation accuracy, customer trust, operational efficiency, and innovation capacity. The framework's interconnected "metrics layer" ensures that improvements in one dimension cascade into others, maximising strategic impact. This holistic approach bridges the gap between granular technical assessment and high-level decision-making, offering practitioners, data stewards, and strategists a scalable, evidence-based reference for aligning data quality management with sustainable value creation.

cs.DB↗

arXiv2025

Metrics, KPIs, and Taxonomy for Data Valuation and Monetisation -- A Systematic Literature Review

Data valuation and data monetisation are complex subjects but essential to most organisations today. Unfortunately, they still lack standard procedures and frameworks for organisations to follow. In this survey, we introduce the reader to the concepts by providing the definitions and the background required to better understand data, monetisation strategies, and finally metrics and KPIs used in these strategies. We have conducted a systematic literature review on metrics and KPIs used in data valuation and monetisation, in every aspect of an organisation's business, and by a variety of stakeholders. We provide an expansive list of such metrics and KPIs with 162 references. We then categorise all the metrics and KPIs found into a large taxonomy, following the Balanced Scorecard (BSC) approach with further subclustering to cover every aspect of an organisation's business. This taxonomy will help every level of data management understand the complex landscape of the domain. We also discuss the difficulty in creating a standard framework for data valuation and data monetisation and the major challenges the domain is currently facing.

cs.DB↗

arXiv2024

When Industry meets Trustworthy AI: A Systematic Review of AI for Industry 5.0

Industry is at the forefront of adopting new technologies, and the process followed by the adoption has a significant impact on the economy and society. In this work, we focus on analysing the current paradigm in which industry evolves, making it more sustainable and Trustworthy. In Industry 5.0, Artificial Intelligence (AI), among other technology enablers, is used to build services from a sustainable, human-centric and resilient perspective. It is crucial to understand those aspects that can bring AI to industry, respecting Trustworthy principles by collecting information to define how it is incorporated in the early stages, its impact, and the trends observed in the field. In addition, to understand the challenges and gaps in the transition from Industry 4.0 to Industry 5.0, a general perspective on the industry's readiness for new technologies is described. This provides practitioners with novel opportunities to be explored in pursuit of the adoption of Trustworthy AI in the sector.

cs.CY↗

arXiv2024

Deep Neural Network for Constraint Acquisition through Tailored Loss Function

The significance of learning constraints from data is underscored by its potential applications in real-world problem-solving. While constraints are popular for modeling and solving, the approaches to learning constraints from data remain relatively scarce. Furthermore, the intricate task of modeling demands expertise and is prone to errors, thus constraint acquisition methods offer a solution by automating this process through learnt constraints from examples or behaviours of solutions and non-solutions. This work introduces a novel approach grounded in Deep Neural Network (DNN) based on Symbolic Regression that, by setting suitable loss functions, constraints can be extracted directly from datasets. Using the present approach, direct formulation of constraints was achieved. Furthermore, given the broad pre-developed architectures and functionalities of DNN, connections and extensions with other frameworks could be foreseen.

cs.LG↗