IIC Journal of Innovation | Page 53

IIC Business Strategy and Solution Lifecycle The BSSL Framework helps define the methodology to go through this iterative process, and provides the tools for assessing the cost and characteristics of each design option, along several dimensions (financial cost, compliance, development time, operational constraints, etc.) 2.1.2.2.2 The Role of IIoT System Characteristics in the Value Chain System characteristics are about risk mitigation and managing trade-offs. How secure? How safe? How reliable? How resilient? All have a price, in terms of budget, complexity and operational costs. Their benefits are not easy to quantify, yet getting them right is crucial to the long-term viability of the Industrial Internet System. Another way to look at system characteristics is their role in the value chain. What do all of these system chara 7FW&