Data-based Process Transparency through Traceability and Process Mining

This Learning Nugget introduces the concept of a data value chain (DVC), which is a promising concept for companies to adopt a data perspective and integrate all data-affecting steps starting from the generation and collection of data to the possibility of decision-making based on data outputs. The DVC concept consists of six consecutive phases that integrate all data-affecting steps, including data generation, data collection, data storage, data processing, data analysis, and decision-making based on data outputs. The application of the DVC concept can help companies optimize their data usage and improve their production processes.