A recipe for big data value creation

Ossi Ylijoki (LUT School of Engineering Science, Lappeenranta University of Technology, Lappeenranta, Finland)
Jari Porras (LUT School of Engineering Science, Lappeenranta University of Technology, Lappeenranta, Finland)

Business Process Management Journal

ISSN: 1463-7154

Publication date: 2 September 2019

Abstract

Purpose

The purpose of this paper is to present a process-theory-based model of big data value creation in a business context. The authors approach the topic from the viewpoint of a single firm.

Design/methodology/approach

The authors reflect current big data literature in two widely used value creation frameworks and arrange the results according to a process theory perspective.

Findings

The model, consisting of four probabilistic processes, provides a “recipe” for converting big data investments into firm performance. The provided recipe helps practitioners to understand the ingredients and complexities that may promote or demote the performance impact of big data in a business context.

Practical implications

The model acts as a framework which helps to understand the necessary conditions and their relationships in the conversion process. This helps to focus on success factors which promote positive performance.

Originality/value

Using well-established frameworks and process components, the authors synthetize big data value creation-related papers into a holistic model which explains how big data investments translate into economic performance, and why the conversion sometimes fails. While the authors rely on existing theories and frameworks, the authors claim that the arrangement and application of the elements to the big data context is novel.

Keywords

Citation

Ylijoki, O. and Porras, J. (2019), "A recipe for big data value creation", Business Process Management Journal, Vol. 25 No. 5, pp. 1085-1100. https://doi.org/10.1108/BPMJ-03-2018-0082

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Publisher

:

Emerald Publishing Limited

Copyright © 2018, Emerald Publishing Limited

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