Value Creation from Big Data: Looking Inside the Black Box

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Title of the PDF document Value Creation from Big Data: Looking Inside the Black Box
Author Jing Zeng, Keith W. Glaister
Editor
Publisher Strategic Organization
Sponsor, owner, or organizer
Year of publication or release 2017 CE
URL https://kar.kent.ac.uk/60408/, https://kar.kent.ac.uk/60408/3/Updated%20Big%20Data%20Manuscript%20(1).pdf
Website or blog on which published Kent Academic Repository
Description of the resource We open the ‘black box’ of the firm to explore how firms transform big data in order to create value and why firms differ in their abilities to create value from big data. Grounded in detailed evidence from China, the world’s largest digital market, where many firms actively engage in value creation activities from big data, we identify several novel features. We find that it is not the data itself, or individual data scientists, that generate value creation opportunities. Rather, value creation occurs through the process of data management, where managers are able to democratize, contextualize, experiment and execute data insights in a timely manner. We add richness to current theory by developing a conceptual framework of value creation from big data. We also identify avenues for future research and implications for practicing managers.
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If the source of the description was online, insert the source here "Value Creation from Big Data: Looking Inside the Black Box," Kent Academic Repository, June 13, 2018, accessed August 4, 2018, https://kar.kent.ac.uk/60408/
Relevant century CE or BCE 21 CE
Relevant years CE or BCE
Relevant geographic areas China
Relevant languages
Relevant terms and phrases black box, firm, transform, big data, Big Data, value, evidence, world, digital, market, value creation, activity, novel, feature, process, data, management, data management, manager, democratize, contextualize, experiment, execute, insight, timely, rich, current, theory, concept, conceptual, framework, avenue, future, research, implication
Relevant individuals JIng Zeng, Keith Glaister
Relevant organizations University of Kent
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Relevant websites and blogs Kent Academic Repository
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Jing Zeng +  and Keith W. Glaister +
JIng Zeng +  and Keith Glaister +
black box +, firm +, transform +, big data +, Big Data +, value +, evidence +, world +, digital +, market +, value creation +, activity +, novel +, feature +, process +, data +, management +, data management +, manager +, democratize +, contextualize +, experiment +, execute +, insight +, timely +, rich +, current +, theory +, concept +, conceptual +, framework +, avenue +, future +, research +  and implication +
Kent Academic Repository +
We open the ‘black box’ of the firm to expWe open the ‘black box’ of the firm to explore how firms transform big data in order to create value and why firms differ in their abilities to create value from big data. Grounded in detailed evidence from China, the world’s largest digital market, where many firms actively engage in value creation activities from big data, we identify several novel features. We find that it is not the data itself, or individual data scientists, that generate value creation opportunities. Rather, value creation occurs through the process of data management, where managers are able to democratize, contextualize, experiment and execute data insights in a timely manner. We add richness to current theory by developing a conceptual framework of value creation from big data. We also identify avenues for future research and implications for practicing managers. and implications for practicing managers. +
Strategic Organization +
"Value Creation from Big Data: Looking Inside the Black Box," Kent Academic Repository, June 13, 2018, accessed August 4, 2018, https://kar.kent.ac.uk/60408/ +
Value Creation from Big Data: Looking Inside the Black Box +
Kent Academic Repository +