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Propositions on Big Data Business Value

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Advances in Information and Communication Networks (FICC 2018)

Part of the book series: Advances in Intelligent Systems and Computing ((AISC,volume 886))

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Abstract

This study synthesizes the earlier literature on big data and draws theoretical propositions on the value of big data in organizational decision-making. The authors explain how big data contributes to business decision-making and propose the steps of a process from collecting data to implementing decisions. They further suggest value gaps affecting the use of big data in different phases of the process. The authors conclude that big data can indeed be turned into data-driven knowledge and further utilized as a basis for improved decision-making. This would, however, require a more systematic approach to utilizing big data in order to leverage big data and turn it into real business value. The study helps organizations to further plan their big data projects and to evaluate how they should prepare for the possible challenges hindering the utilization of big data.

The authors thank the Finnish Funding Agency for Innovation for their financial support for this research.

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Authors and Affiliations

  1. Business School, University of Eastern Finland, Joensuu, Finland

    Emma Pirskanen, Heli Hallikainen & Tommi Laukkanen

Authors
  1. Emma Pirskanen
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  2. Heli Hallikainen
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  3. Tommi Laukkanen
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Correspondence to Emma Pirskanen .

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Editors and Affiliations

  1. Faculty of Science and Engineering, Saga University, Saga, Japan

    Kohei Arai

  2. The Science and Information (SAI) Organization, London, UK

    Supriya Kapoor

  3. The Science and Information (SAI) Organization, Bradford, UK

    Rahul Bhatia

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Pirskanen, E., Hallikainen, H., Laukkanen, T. (2019). Propositions on Big Data Business Value. In: Arai, K., Kapoor, S., Bhatia, R. (eds) Advances in Information and Communication Networks. FICC 2018. Advances in Intelligent Systems and Computing, vol 886. Springer, Cham. https://doi.org/10.1007/978-3-030-03402-3_36

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