Abstract
The article discusses a model for information value assessment based on the concepts of information capacity, information utility, and information management costs. Notwithstanding that both state-of-the-art researchers and practitioners consider information as a fundamental asset, there is actually no consensus on what are the determinants of information value, particularly with regard to the increasing number of data available through digitalized processes and services. The model is applied to a case study comparing two information management projects for the improvement of core business processes of a global manufacturing company based in Italy.
- Ahituv, N. (1980). A systematic approach towards assessing the value of an information system. MIS Quarterly, 4(4), 61--75. Google ScholarDigital Library
- Ahituv, N. (1989). Assessing the value of information: Problems and approaches. In J. I. DeGross, J. C. Henderson, & B. R. Konsynski (Eds.), International Conference on Information Systems (ICIS 1989) (pp. 315--325). Boston, Massachusetts. Google ScholarDigital Library
- Batini, C., Cappiello, C., Francalanci, C., Maurino, A., & Viscusi, G. (2011). A capacity and value based model for data architectures adopting integration technologies. In Proceedings of the 17th Americas Conference on Information Systems (AMCIS 2011), Detroit, Michigan, August 4--7, 2011.Google Scholar
- Batini, C., Ceri, S., & Navathe, S. B. (1991). Conceptual database design: An entity-relationship approach. Redwood City, CA, USA: Benjamin-Cummings Publishing Co., Inc. Google ScholarDigital Library
- Batini, C., & Scannapieco, M. (2006). Data quality: Concepts, methodologies and techniques. Berlin Heidelberg: Springer-Verlag. Google ScholarDigital Library
- Batini, C., & Scannapieco, M. (2016). Data and information quality: Dimensions, principles and techniques. Springer. Google ScholarCross Ref
- Bauer, C., Korunovska, J., & Spiekermann, S. (2012). On the value of information--What Facebook users are willing to pay. In Proceedings of the 20th European Conference on Information Systems (ECIS 2012), Barcelona, Spain, June 11--13, 2012.Google Scholar
- Bharadwaj, A., El Sawy, O., Pavlou, P., & Venkatraman, N. (2013a). Digital business strategy: Toward a extgeneration of insights. MIS Quarterly, 37(2), 471--482. Retrieved from http://www.misq.org/misq/downloads/download/editorial/581/ Google ScholarDigital Library
- Bharadwaj, A., El Sawy, O., Pavlou, P., & Venkatraman, N. (2013b). Digital business strategy: Toward a next generation of insights. MIS Quarterly, 37(2), 471--482. Google ScholarDigital Library
- Boisot, M. (1995). Information space: A framework for learning in organizations, institutions, and culture. London; New York: Routledge. Google ScholarDigital Library
- Boisot, M. (1998). Knowledge assets: Securing competitive advantage in the information economy. New York: Oxford University Press. Google ScholarDigital Library
- Boisot, M., MacMillan, I. C., & Han, K. S. (2007). Explorations in information space knowledge, actors, and firms. Oxford: Oxford University Press.Google Scholar
- Brynjolfsson, E. (1993). The productivity paradox of information technology: Review and assessment. Communications of the ACM, 36(12), 67--77. Google ScholarDigital Library
- Brynjolfsson, E., & McAfee, A. (2011). Race against the machine: How the digital revolution is accelerating innovation, driving productivity, and irreversibly transforming employment and the economy. Digital Frontier Press.Google Scholar
- Carr, N. G. (2003). IT doesn't matter. Harvard Business Review, June(1), 12.Google Scholar
- da Cruz, M. A. L., & dos Santos, H. M. D. (2016). The information value: Perception of the problem. In Á. Rocha, A. M. Correia, H. Adeli, L. P. Reis, & M. Mendonça Teixeira (Eds.), New Advances in Information Systems and Technologies (pp. 503--509). Cham: Springer International Publishing.Google ScholarCross Ref
- Dedrick, J., Gurbaxani, V., & Kraemer, K. L. (2003). Information technology and economic performance?: A critical review of the empirical evidence. ACM Computing Surveys, 35(1), 1--28. Google ScholarDigital Library
- Francalanci, C., & Morabito, V. (2008). IS integration and business performance: The mediation effect of organizational absorptive capacity in SMEs. Journal of Information Technology, 23, 297--312. Retrieved fromGoogle ScholarCross Ref
- Gilboa, I., & Lehrer, E. (1991). The value of information -- An axiomatic approach. Journal of Mathematical Economics, 443--459.Google ScholarCross Ref
- Glazer, R. (1993). Measuring the value of information: The information-intensive organization. IBM Systems Journal, 32(1), 99--110. Google ScholarDigital Library
- Kallinikos, J. (2006). The consequences of information - Institutional implications of technological change. Cheltenham, UK; Northampton, MA, USA: Edward Elgar. Google ScholarDigital Library
- Kettinger, W. J., Grover, V., Guha, S., & Segars, A. H. (1994). Strategic information-systems revisited - A study in sustainability and performance. MISQ Quarterly, 18(1), 31--58. Google ScholarDigital Library
- Kohli, R., & Grover, V. (2008). Business value of IT: An essay on expanding research directions to keep up with the times. Journal of the Association for Information Systems, 9(1), 23--39.Google ScholarCross Ref
- Lee, Y. W., Pipino, L. L., Funk, J. D., & Wang, R. Y. (2009). Journey to data quality. Cambridge, MA: The MIT Press. Google ScholarCross Ref
- Markus, M. L., Tanis, C., & van Fenema, P. C. (2000). Enterprise resource planning: Multisite ERP implementations. Communications of the ACM, 43(4), 42--46. Google ScholarDigital Library
- Melville, N., Kraemer, K., & Gurbaxani, V. (2004). Review: Information technology and organizational performance: An integrative model of IT business value. MISQ, 28(2), 283--322. Google ScholarDigital Library
- Moody, D., & Walsh, P. (1999). Measuring the value of Information: An asset valuation approach. In Proceedings of the Seventh European Conference on Information Systems (ECIS1999), Copenhagen Business School, Frederiksberg, Denmark, June 23--25, 1999.Google Scholar
- Porter, M. E. (1985). Competitive Advantage: Creating and Sustaining Superior Performance. New York: The Free Press.Google Scholar
- Quetti, C., Pigni, F., & Clerici, A. (2012). Factors affecting RFId adoption in a vertical supply chain: The case of the silk industry in Italy. Production Planning & Control: The Management of Operations, 23(4), 315--331.Google ScholarCross Ref
- Raban, D. R., & Mazor, M. (2013). The willingness to pay for information in digital marketplaces. In A. Kobyli'ski & A. Sobczak (Eds.), Perspectives in business informatics research, 12th International Conference, BIR 2013, Warsaw, Poland, September 23--25, 2013. Proceedings (pp. 267--277). Berlin, Heidelberg: Springer Berlin Heidelberg.Google Scholar
- Remenyi, D., Money, A., Sherwood-Smith, M., & Zahir, I. (2000). The effective measurement and management of IT costs and benefits (2nd ed.). Butterworth Heinemann.Google Scholar
- Sajko, M., Rabuzin, K., Bača, M. (2006). How to calculate information value for effective security risk assessment. Journal of Information and Organizational Sciences, 30(2), 263--278.Google Scholar
- Simpson, C. W., & Prusak, L. (1995). Troubles with information overload-Moving from quantity to quality in information provision. International Journal of Information Management, 15(6), 413--425. Google ScholarDigital Library
- Skyrme, D. (1994). Ten ways to add value to your business. Managing Information, 1(3), 20--25.Google Scholar
- Spiekermann, S., & Korunovska, J. (2017). Towards a value theory for personal data. Journal of Information Technology, 32(1), 62--84.Google ScholarCross Ref
- Stewart, T. A., Brown, J. S., Hagel, J., McFarlan, F. W., Nolan, R. L., Strassmann, P. A., & Carr, N. G. (2003). Does IT Matter? An HBR Debate, Letters to the Editor, Harvard Business Review, June 2003, 1--17.Google Scholar
- Tallon, B. P. P., & Scannell, R. (2007). Information life cycle. Communications of the ACM, 50(11), 65--69. Google ScholarDigital Library
- The Economist. (2010). Data, data everywhere. Special Report: Managing Information.Google Scholar
- Viscusi, G., & Batini, C. (2014). Digital Information Asset Evaluation: Characteristics and Dimensions. In L. Caporarello, B. Di Martino, & M. Martinez (Eds.), Smart Organizations and Smart Artifacts SE - 9 (Vol. 7, pp. 77--86). Springer International Publishing.Google ScholarCross Ref
- Yoo, Y. (2013). The tables have turned: How can the information systems field contribute to technology and innovation management research? Journal of the Association for Information Systems, 14(5), 227--236.Google ScholarCross Ref
- Yoo, Y., Henfridsson, O., & Lyytinen, K. (2010). Research commentary-The new organizing logic of digital innovation: An agenda for information systems research. Information Systems Research, 21(4), 724--735. Google ScholarDigital Library
Index Terms
- Digital Information Asset Evaluation: A Case Study in Manufacturing
Recommendations
A characteristic based information evaluation model
WICOW '08: Proceedings of the 2nd ACM workshop on Information credibility on the webThroughout the engineering design process, engineers make decisions based on various information sources without formally judging the value and quality of information. With a wide range of information characteristics available to assess information, the ...
Research on the Information Capacity of Three-Dimension Evaluation Model of the Enterprises' Information System
ISME '10: Proceedings of the 2010 International Conference of Information Science and Management Engineering - Volume 02With the development of informatioinization, network and the enterprises, the information system plays a crucial role in enhancing the sustainable competitive advantages of the enterprises in the MIE environment. In this paper, by the concept of ...
Revisiting the information audit
Revitalize the IA by building on recent developments in information management.IA research should develop contingency frameworks for IA practice.IA research should explore theories and methods of modelling IA maturity.IA should incorporate evaluation of ...
Comments