scholarly journals Big data-driven stochastic business planning and corporate valuation

2018 ◽  
Vol 15 (3-1) ◽  
pp. 189-204 ◽  
Author(s):  
Roberto Moro Visconti ◽  
Giuseppe Montesi ◽  
Giovanni Papiro
Keyword(s):  
Big Data ◽  
Research Question ◽  
Predictive Ability ◽  
Cash Flows ◽  
Data Driven ◽  
Business Planning ◽  
Information Asymmetries ◽  
Methodological Innovation ◽  
Set Up ◽  
And Control

The research question of this paper is concerned with the investigation of the links between Internet of Things and related big data as input parameters for stochastic estimates in business planning and corporate evaluation analytics. Financial forecasts and company appraisals represent a core corporate ownership and control issue, impacting on stakeholder remuneration, information asymmetries, and other aspects. Optimal business planning and related corporate evaluations derive from an equilibrated mix of top-down and bottom-up approaches. While the former follows a traditional dirigistic methodology where companies set up their strategic goals, the latter are grass-rooted with big data-driven timely evidence. Real options can be embedded in big data-driven forecasting to make expected cash flows more flexible and resilient, improving Value for Money of the investment and reducing its risk profile. More accurate and timely big data-driven predictions reduce uncertainties and information asymmetries, making risk management easier and decreasing the cost of capital. Whereas stochastic modeling is traditionally used for budgeting and business planning, this probabilistic process is seldom nurtured by big data that can refresh forecasts in real time, improving their predictive ability. Combination of big data and stochastic estimates for corporate appraisal and governance issues represents a methodological innovation that goes beyond the traditional literature and practice.

Data Analysis Services Related to the IoT and Big Data

Web Services ◽  
2019 ◽  
pp. 882-903
Author(s):  
Izabella V. Lokshina ◽  
Barbara J. Durkin ◽  
Cees J.M. Lanting
Keyword(s):  
Big Data ◽  
Data Analysis ◽  
Business Models ◽  
Third Party ◽  
Data Driven ◽  
Easy Access ◽  
Provision Of Services ◽  
And Control ◽  
Measurement And Control ◽  
The Internet Of Things

The Internet of Things (IoT) provides the tools for the development of a major, global data-driven ecosystem. When accessible to people and businesses, this information can make every area of life, including business, more data-driven. In this ecosystem, with its emphasis on Big Data, there has been a focus on building business models for the provision of services, the so-called Internet of Services (IoS). These models assume the existence and development of the necessary IoT measurement and control instruments, communications infrastructure, and easy access to the data collected and information generated by any party. Different business models may support opportunities that generate revenue and value for various types of customers. This paper contributes to the literature by considering business models and opportunities for third-party data analysis services and discusses access to information generated by third parties in relation to Big Data techniques and potential business opportunities.

scholarly journals A Preliminary Systematic Performanceon Critical Success Factors Categories for Big Data Analytics

2019 ◽  
Vol 9 (1) ◽  
pp. 2320-2324 ◽  
Keyword(s):  
Big Data ◽  
Data Analytics ◽  
Critical Success Factors ◽  
Success Factors ◽  
Research Question ◽  
Big Data Analytics ◽  
Data Driven ◽  
Successful Implementation ◽  
Critical Success ◽  
Data Driven Decisions

Big Data could be used in any industry to make effective data-driven decisions. The successful implementation of Big Data projects requires a combination of innovative technological, organizational, and processing approaches. Over the last decade, the research on Critical Success Factors (CSFs) within Big Data has developed rapidly but the number of available publications is still at a low level. Developing an understandingof the Critical Success Factors (CSFs) and their categoriesare essential to support management in making effective data-driven decisions which could increase their returns on investments.There islimited research conducted on the Critical Success Factors (CSFs) of Big DataAnalytics (BDA) development and implementation.This paper aims to provide more understanding about the availableCritical Success Factors (CSFs) categoriesfor Big Data Analytics implementation and answer the research question (RQ) “What are the existing categories of Critical Success Factors for Big Data Analytics”.Based on a preliminary Systematic Literature Review (SLR) for the available publications related to Big Data CSFs and their categories in the last twelve years (2007-2019),this paper identifiesfive categoriesfor Big Data AnalyticsCritical Success Factors(CSFs), namelyOrganization, People, Technology, Data Management, and Governance categories.

scholarly journals Public private partnerships, big data networks and mitigation of information asymmetries

2017 ◽  
Vol 14 (4) ◽  
pp. 205-215 ◽  
Author(s):  
Roberto Moro Visconti
Keyword(s):  
Big Data ◽  
Public Private Partnerships ◽  
Data Networks ◽  
Information Asymmetries ◽  
Public And Private ◽  
Digital Platforms ◽  
Special Purpose Vehicle ◽  
Public And Private Stakeholders ◽  
Real Time Information ◽  
And Control

Public Private Partnerships (PPP) represent an increasingly frequent investment pattern where composite stakeholders interact in joint initiatives. Alignment of interests and consequent composition of conflicts is driven by the business purpose of the shared corporation, represented by a private Special Purpose Vehicle (SPV) within a Project Financing (PF) investment package. Corporate governance implications go beyond the traditional contraposition between ownership and control, showing cooperative patterns where the value is co-created and distributed. Big data-driven networks represent a trendy issue that connects public and private stakeholders through digital platforms where data are shared in real time. Information asymmetries and governance concerns are consequently softened.

Data Analysis Services Related to the IoT and Big Data

2017 ◽  
Vol 9 (2) ◽  
pp. 37-56 ◽  
Author(s):  
Izabella V. Lokshina ◽  
Barbara J. Durkin ◽  
Cees J.M. Lanting
Keyword(s):  
Big Data ◽  
Data Analysis ◽  
Business Models ◽  
Third Party ◽  
Data Driven ◽  
Easy Access ◽  
Provision Of Services ◽  
And Control ◽  
Measurement And Control ◽  
The Internet Of Things

The Internet of Things (IoT) provides the tools for the development of a major, global data-driven ecosystem. When accessible to people and businesses, this information can make every area of life, including business, more data-driven. In this ecosystem, with its emphasis on Big Data, there has been a focus on building business models for the provision of services, the so-called Internet of Services (IoS). These models assume the existence and development of the necessary IoT measurement and control instruments, communications infrastructure, and easy access to the data collected and information generated by any party. Different business models may support opportunities that generate revenue and value for various types of customers. This paper contributes to the literature by considering business models and opportunities for third-party data analysis services and discusses access to information generated by third parties in relation to Big Data techniques and potential business opportunities.

scholarly journals Smart Cities and Big Data Analytics: A Data-Driven Decision-Making Use Case

Smart Cities ◽  
2021 ◽  
Vol 4 (1) ◽  
pp. 286-313
Author(s):  
Ahmed M. Shahat Osman ◽  
Ahmed Elragal
Keyword(s):  
Decision Making ◽  
Big Data ◽  
Data Analytics ◽  
Smart Cities ◽  
Research Question ◽  
Big Data Analytics ◽  
Data Driven ◽  
Use Case ◽  
Data Driven Decision Making ◽  
Domain Independent

Interest in smart cities (SCs) and big data analytics (BDA) has increased in recent years, revealing the bond between the two fields. An SC is characterized as a complex system of systems involving various stakeholders, from planners to citizens. Within the context of SCs, BDA offers potential as a data-driven decision-making enabler. Although there are abundant articles in the literature addressing BDA as a decision-making enabler in SCs, mainstream research addressing BDA and SCs focuses on either the technical aspects or smartening specific SC domains. A small fraction of these articles addresses the proposition of developing domain-independent BDA frameworks. This paper aims to answer the following research question: how can BDA be used as a data-driven decision-making enabler in SCs? Answering this requires us to also address the traits of domain-independent BDA frameworks in the SC context and the practical considerations in implementing a BDA framework for SCs' decision-making. This paper's main contribution is providing influential design considerations for BDA frameworks based on empirical foundations. These foundations are concluded through a use case of applying a BDA framework in an SC's healthcare setting. The results reveal the ability of the BDA framework to support data-driven decision making in an SC.

scholarly journals Big Data-driven Budgeting and Business Planning

2020 ◽  
Author(s):  
Alessio Faccia
Keyword(s):  
Big Data ◽  
Planning Process ◽  
Business Plan ◽  
Financial Accounting ◽  
Data Driven ◽  
Business Planning ◽  
Standard Process ◽  
Proposed Model ◽  
Almost All

The business planning process can be considered as a strategic phase of any business. Given that the business plan is a management accounting tool, there are countless approaches that can be adopted to prepare it since there is no legal requirement, as opposed to obligations relating to financial accounting. However, in general, every business plan consists of a numerical part (budget) and a narrative part. In this research, the author highlights, on the basis of experiences and commonly used theories, a standard process that can be adaptable to the business plan of any type of activity. The use of big data is highlighted as an essential part of feeding the data of almost all the steps of the budget. The author then manages to determine a generally applicable standard process, indicating all the data necessary to prepare an accurate and reliable business plan. A case study will provide adequate support to the demonstration of the immediate applicability of the proposed model.

Are They Ready for the Big Thing?

2021 ◽  
pp. 200-210
Author(s):  
Matthias Lederer ◽  
Juluis Lederer
Keyword(s):  
Big Data ◽  
Data Management ◽  
Process Management ◽  
Business Processes ◽  
Future Trend ◽  
Data Driven ◽  
Big Data Applications ◽  
All Solutions ◽  
Management Approaches ◽  
And Control

Data-driven business processes management (BPM) is regarded as a central future trend because automation often makes huge amounts of data (big data) available for the optimisation and control of workflows. Software manufacturers also use this trend and call their solutions big data applications, even if some features are reminiscent of traditional data management approaches. This chapter derives from the basic definitions of big data including 13 central requirements that a big data BPM solution must meet in order to be described as such. One hundred twenty-one process management solutions are evaluated on the basis of these to determine whether they are real big data applications. As a result, less than 5% of all solutions analysed meet all requirements.

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