Skip to main content

A Data Value Matrix: Linking FAIR Data with Business Models

  • Conference paper
  • First Online:
Research Challenges in Information Science: Information Science and the Connected World (RCIS 2023)

Abstract

Data is the raw material of digitization, but its economic use and potential economic benefits are not always clear. Therefore, we would like to show that the processing of data, especially according to FAIR principles, plays an enormous role in enabling business models and improving existing business models. This is being tested within the EU funded project Marispace-X, part of the Gaia-X initiative. The maritime domain in particular currently still suffers from a lack of digitization: while as much data is being collected as ever before, this data is often kept in silos and hardly reused or even shared. This work therefore involved linking the FAIR principles to a data value chain, which together with business model dimensions form a data value matrix. This application of this matrix was carried out together with practice partners using the example of maritime data processing in the use case “offshore wind” and can be used and adapted as an analysis tool for data-driven business models.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 79.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 99.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Notes

  1. 1.

    https://www.economist.com/leaders/2017/05/06/the-worlds-most-valuable-resource-is-no-longer-oil-but-data.

References

  1. Curry, E.: The big data value chain: definitions, concepts, and theoretical approaches. In: Cavanillas, J.M., Curry, E., Wahlster, W. (eds.) New Horizons for a Data-Driven Economy, pp. 29–37. Springer, Cham (2016). https://doi.org/10.1007/978-3-319-21569-3_3

    Chapter  Google Scholar 

  2. Johannesson, P., Perjons, E.: An Introduction to Design Science, vol. 10. Springer, Cham (2014). https://doi.org/10.1007/978-3-319-10632-8

    Book  MATH  Google Scholar 

  3. Osterwalder, A., Pigneur, Y.: Business Model Generation: A Handbook for Visionaries, Game Changers, and Challengers, vol. 1. Wiley, Hoboken (2010)

    Google Scholar 

  4. Schallmo, D., Williams, C.A., Boardman, L.: Digital transformation of business models–best practice, enablers, and roadmap. In: Digital Disruptive Innovation, pp. 119–138. World Scientific (2020)

    Google Scholar 

  5. Wirtz, B.W., Pistoia, A., Ullrich, S., Göttel, V.: Business models: origin, development and future research perspectives. Long Range Plan. 49(1), 36–54 (2016)

    Article  Google Scholar 

  6. Zott, C., Amit, R.: Business model design: an activity system perspective. Long Range Plan. 43(2–3), 216–226 (2010)

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Ben Hellmanzik .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2023 The Author(s), under exclusive license to Springer Nature Switzerland AG

About this paper

Check for updates. Verify currency and authenticity via CrossMark

Cite this paper

Hellmanzik, B., Sandkuhl, K. (2023). A Data Value Matrix: Linking FAIR Data with Business Models. In: Nurcan, S., Opdahl, A.L., Mouratidis, H., Tsohou, A. (eds) Research Challenges in Information Science: Information Science and the Connected World. RCIS 2023. Lecture Notes in Business Information Processing, vol 476. Springer, Cham. https://doi.org/10.1007/978-3-031-33080-3_41

Download citation

  • DOI: https://doi.org/10.1007/978-3-031-33080-3_41

  • Published:

  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-031-33079-7

  • Online ISBN: 978-3-031-33080-3

  • eBook Packages: Computer ScienceComputer Science (R0)

Publish with us

Policies and ethics