Big Data and Management
TL;DR: The authors reflect on management of big data by organizations and comment on service level agreements (SLA) which define the nature and quality of information technology services and mention big data-sharing agreements tend to be poorly structured and informal.
Abstract: The authors reflect on management of big data by organizations. They comment on service level agreements (SLA) which define the nature and quality of information technology services and mention big data-sharing agreements tend to be poorly structured and informal. They reflect on the methodologies of analyzing big data and state it is easy to get false correlations when using typical statistical tools in analyzing big data. They talk about the use of big data in management and behavior research.
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TL;DR: In this article, the authors present a state-of-the-art review that presents a holistic view of the BD challenges and BDA methods theorized/proposed/employed by organizations to help others understand this landscape with the objective of making robust investment decisions.
1,267 citations
TL;DR: It is revealed that digital transformation is an ongoing process of using new digital technologies in everyday organizational life, which recognizes agility as the core mechanism for the strategic renewal of an organization's business model, collaborative approach, and eventually the culture.
760 citations
TL;DR: The results illuminate the significant moderating impact of analytics capability–business strategy alignment on the BDAC–FPER relationship and the value of the entanglement conceptualization of the higher-order BDAC model and its impact on FPER.
754 citations
Cites background from "Big Data and Management"
...Recent literature identifies that BDAC has “the potential to transform management theory and practice”(George et al., 2014, p.325), it is the “next big thing in innovation” (Gobble, 2013, p.64); and “the fourth paradigm of science” (Strawn, 2012, p.34); or the next “management revolution” (McAfee…...
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..., customer preferences) environmental change can easily be identified in this context (Constantiou and Kallinikos, 2014; George et al., 2014)....
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...…increasing amount of attention in the big data environment because business opportunities and other sources of macro (e.g., economic trends) and micro (e.g., customer preferences) environmental change can easily be identified in this context (Constantiou and Kallinikos, 2014; George et al., 2014)....
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TL;DR: Results empirically validate the proposed theoretical framework of this study and provide evidence that BDA capability leads to superior firm performance.
677 citations
TL;DR: In this paper, the authors apply a text analytical approach to a large quantity of consumer reviews extracted from Expedia.com to deconstruct hotel guest experience and examine its association with satisfaction ratings.
662 citations
References
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Book•
13 May 2011
TL;DR: The amount of data in the authors' world has been exploding, and analyzing large data sets will become a key basis of competition, underpinning new waves of productivity growth, innovation, and consumer surplus, according to research by MGI and McKinsey.
Abstract: The amount of data in our world has been exploding, and analyzing large data sets—so-called big data— will become a key basis of competition, underpinning new waves of productivity growth, innovation, and consumer surplus, according to research by MGI and McKinsey's Business Technology Office. Leaders in every sector will have to grapple with the implications of big data, not just a few data-oriented managers. The increasing volume and detail of information captured by enterprises, the rise of multimedia, social media, and the Internet of Things will fuel exponential growth in data for the foreseeable future.
4,700 citations
Book•
01 Jan 1998
TL;DR: One of the world's greatest living scientists argues for the fundamental unity of all knowledge and the need to search for consilience, the composition of the principles governing every branch of learning.
Abstract: In this groundbreaking new book, one of the world's greatest living scientists argues for the fundamental unity of all knowledge and the need to search for what he calls consilience, the composition of the principles governing every branch of learning Edward O Wilson, the pioneer of sociobiology and biodiversity, once again breaks out of the conventions of current thinking He shows how our explosive rise in intellectual mastery of the truths of our universe has its roots in the ancient Greek concept of an intrinsic orderliness that governs our cosmos It is a vision that found its apogee in the Age of Enlightenment, then gradually was lost in the increasing fragmentation and specialisation of knowledge in the last two centuries Professor Wilson shows why the goals of the original Enlightenment are surging back to life, why they are reappearing on the very frontiers of science and human scholarship, and how they are beginning to sketch themselves as the blueprint of our world
2,855 citations
TL;DR: In this paper, the authors show that early entrants benefit from inviting coverage that makes a few-but not too many-links to other entrants, thus helping audiences perceive an emerging category.
Abstract: Firms that do not fit into established business categories tend to be overlooked, but new markets often form around these “misfits.” Because being seen as part of a growing population makes new populations seem real, counting them is important to mainstreaming new markets. Yet, if firms outside the mainstream are overlooked, how can they be counted? Extending the embeddedness perspective to social cognition about markets, this research exposes the media's central role in market formation. Using a new method for extracting data about market networks from media coverage, this study demonstrates that early entrants benefit from inviting coverage that makes a few-but not too many-links to other entrants, thus helping audiences perceive an emerging category. As the market matures, however, references to rivals become unhelpful. These findings illustrate the value of a linguistic turn to empirical studies of meaning construction and the reification of social structure.
401 citations
23 Dec 2013
TL;DR: A simple taxonomy is introduced, rights to access are discussed and the case of big data as a common pool resource is analyzed.
Abstract: This paper acts as a primer on an economic outlook at the value and pricing of big data. We introduce a simple taxonomy, discuss rights to access and analyze the case of big data as a common pool resource.
98 citations