Ulrich Löwen studied computer science, received his Ph.D. in the field of complexity theory and logic, and has many years of professional experience at Siemens. Currently he works at Siemens Corporate Technology as a Senior Principal Key Expert for the topics engineering, automation, process control systems and digitalization. He was deeply involved in the editorial teams of the implementation recommendations for the future projects Industrie 4.0 and Smart Service Welt. He is a member of the Research and Innovation Working Group of the Plattform Industrie 4.0 and co-chair of the Joint Task Group "Lifecycle Perspectives" of the Plattform Industrie 4.0 and the Industrial Internet Consortium. Focus of his work are scenarios and use cases to illustrate the business benefits of new digital technologies in manufacturing industries.

Digitization enables the organization and management of value-added processes in the manufacturing industry in order to address the rising demands for a shorter time-to-market, a higher efficiency, an increased flexibility and the assurance of the required quality. The Plattform Industrie 4.0 has developed various application scenarios that show various possibilities how to unleash these opportunities. One of these application scenarios is called "Value-Based Service". This application scenario was discussed with the Industrial Internet Consortium in order to understand the different perspectives on the Internet of Things. The application scenarios are currently being refined, in particular also with regard to their impact on international standardization.

The talk will present the context, the current status and future activities in this environment.