Abstract
Process compliance is a major concern in the financial services industry. Today there is no standard approach for ensuring the traceability of data transfers, requiring development and maintenance of customized solutions. This paper shows how one of the key technologies for integrating production systems, the OPC Unified Architecture (OPC UA, IEC 62541), can be used for addressing this issue. OPC UA provides a number of out-of-the-box functionalities including history management and data validation, which are generic and applicable to any type of data. However, to date there are hardly any known applications of this standard outside the manufacturing domain. The paper presents the architecture and implementation of a prototype incorporating an OPC UA communication interface, and illustrates its application in the context of insurance processing. This work provides the potential not only for enhanced data traceability within the financial services industry but also for a more enterprise-wide use of OPC UA leading to cross-domain system integration such as envisioned for Industry 4.0.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Governatori, G., Sadiq, S.: The journey to business process compliance. In: Cardoso, J., van der Aalst, W. (eds.) Handbook of Research on Business Process Modeling, pp. 426–454. IGI Global (2009)
Hashmi, M., Governatori, G., Lam, H.-P., Wynn, M.T.: Are we done with business process compliance: state of the art and challenges ahead. Knowl. Inf. Syst. 57(1), 79–133 (2018). https://doi.org/10.1007/s10115-017-1142-1
Ahmed, F., Jahangir, U., Rahim, H., Ali, K., Agha, D-e-S.: Centralized log management using Elasticsearch, Logstash and Kibana. In: 2020 International Conference on Information Science and Communication Technology. Karachi, Pakistan, pp. 1–7 (2020)
IEC: OPC Unified Architecture Part 1: Overview and Concepts (IEC/TR 62541-1:2010). International Electrotechnical Commission, Geneva (2010)
Gozman, D., Currie, W.: Managing governance, risk, and compliance for post-crisis regulatory change: A model of IS capabilities for financial organizations. In: 2015 48th Hawaii International Conference on System Sciences (HICSS), Kauai, HI (2015)
Kshetri, N.: Regulatory technology and supervisory technology: current status, facilitators, and barriers. Computer 56(1), 64–75 (2023)
Forbes. https://www.forbes.com/sites/servicenow/2021/10/21/the-creeping-cost-of-compliance/?sh=4339140556cc. Accessed 03 Apr 2023
Mahnke, W., Leitner, S.-H., Damm, M.: OPC Unified Architecture. Springer, Heidelberg (2009). https://doi.org/10.1007/978-3-540-68899-0
VDI/VDE. Status Report: Reference Architecture Model Industrie 4.0 (RAMI4.0). VDI/VDE Society Measurement and Automatic Control (GMA), 2015 July, Düsseldorf (2015)
VDMA. Industrie 4.0 Communication Guideline Based on OPC UA. VDMA, Frankfurt (2017)
Henßen, R., Schleipen, M.: Interoperability between OPC UA and AutomationML. Procedia CIRP 25, 297–304 (2014)
Lee, B., Kim, D.-K., Yang, H., Oh, S.: Model transformation between OPC UA and UML. Comput. Stand. Interfaces 50, 236–250 (2017)
IEC. OPC Unified Architecture Part 3: Address Space Model (IEC/TR 62541-3:2010). International Electrotechnical Commission, Geneva (2010)
González, I., Calderón, A.J., Figueiredo, J., Sousa, J.M.C.: A literature survey on Open Platform Communications (OPC) applied to advanced industrial environments. Electronics 8, 510 (2019)
Kannengiesser, U., Neubauer, M., Heininger, R.: Subject-oriented BPM as the glue for integrating enterprise processes in smart factories. In: Ciuciu, I., et al. (eds.) OTM 2015. LNCS, vol. 9416, pp. 77–86. Springer, Cham (2015). https://doi.org/10.1007/978-3-319-26138-6_11
Christmann, D., et al.: Vertical integration and adaptive services in networked production environments. In: Felderer, M., et al. (eds.) ERP Future 2015 – Research, pp. 147–162. Springer, Switzerland (2016)
García, M.V., Irisarri, E., Pérez, F., Estévez, E., Marcos, M.: OPC-UA communications integration using a CPPS architecture. In: IEEE Ecuador Technical Chapters Meeting (ETCM). Guayaquil, Ecuador (2016)
Wrede, S., Beyer, O., Dreyer, C., Wojtynek, M., Steil, J.: Vertical integration and service orchestration for modular production systems using business process models. Procedia Technol. 26, 259–266 (2016)
Reiswich, E., Fay, A.: Strategy for the amendment of plant information models by means of OPC UA. In: 2012 10th IEEE International Conference on Industrial Informatics (INDIN), Beijing (2012)
Kagermann, H.: Change through digitization – value creation in the age of Industry 4.0. In: Albach, H., et al. (eds.) Management of Permanent Change, pp. 23−45. Springer, New York (2015)
Lederer, M., Elstermann, M., Betz, S., Schmidt, W.: Technology-, human-, and data-driven developments in business process management: a literature analysis. In: S-BPM ONE 2020. CCIS 1278, pp. 217–231. Springer, Cham (2020)
Acknowledgments
The research reported in this paper is funded by the Austrian Research Promotion Agency (FFG) via project no. 862143.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2023 The Author(s), under exclusive license to Springer Nature Switzerland AG
About this paper
Cite this paper
Kannengiesser, U., Krenn, F., Müller, H. (2023). Using OPC UA for Integrating and Tracing Data Flows in the Insurance Industry. In: Elstermann, M., Dittmar, A., Lederer, M. (eds) Subject-Oriented Business Process Management. Models for Designing Digital Transformations. S-BPM ONE 2023. Communications in Computer and Information Science, vol 1867. Springer, Cham. https://doi.org/10.1007/978-3-031-40213-5_17
Download citation
DOI: https://doi.org/10.1007/978-3-031-40213-5_17
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-031-40212-8
Online ISBN: 978-3-031-40213-5
eBook Packages: Computer ScienceComputer Science (R0)