Production Internet - Functional Perspective

Abstract : Production Internet as an eco-systemic Web-based infrastructure goes beyond the traditional setups of industrial cooperation, as well as existing peer-to-peer services for economic exchange, like e-tailing, e-sharing or crowd-funding. This paper investigates the feasibly functional arrangements of Production Internet. Throughout reflection on the state-of-art, supplemented by a foresight research, the needs, requirements and benefits are identified then composed into functional setting, which was validated using a prototype implementation. The discussed conceptualization is expected to improve operational effectiveness, efficiency of resources, and reduce transaction costs.