scholarly journals Moving from Big Data to Smart Data for Enhanced Performance, Business Efficiency, and New Business Models

2020 ◽  
Keyword(s):  
Big Data ◽  
Business Models ◽  
Business Efficiency ◽  
New Business ◽  
Smart Data ◽  
New Business Models

Understanding Data Analytics Is Good but Knowing How to Use It Is Better!

2019 ◽  
pp. 125-160
Keyword(s):  
Big Data ◽  
Data Analytics ◽  
Business Models ◽  
Big Data Analytics ◽  
Success Factor ◽  
New Business ◽  
Technical Architecture ◽  
The Veil ◽  
Key Success Factor ◽  
New Business Models

Collecting the data and being able to generate value from it: this is certainly the key success factor of tomorrow's champions, one that will allow you to innovate and create new business models. Faced with the 3Vs of big data, many companies are embarking on big data projects with the main objective: generating value. The goal is to succeed, by the detailed analysis of large amounts of data, to lift the veil and discover hitherto hidden models and barely perceptible correlations, as many new business opportunities that companies must grasp. The key to the success of any big data analytics initiative is to define your goals, identify specific business questions that a suitable technical architecture will need to answer, and use the data experts to generate value from data by using specific algorithms.

Big Data and Competition Policy in the European Union

2019 ◽  
Vol 18 (1) ◽  
pp. 72-86
Author(s):  
Éva Miskolczi-Bodnár
Keyword(s):  
Big Data ◽  
Price Competition ◽  
Business Models ◽  
Competition Law ◽  
Case Law ◽  
Merger Control ◽  
The European Union ◽  
Relevant Market ◽  
New Business ◽  
New Business Models

Because of the specific features of digital markets and the emergence of new business models in the digital economy, competition often takes on a rather distinctive form, challenging competition authorities in the assessment of merger controls and anticompetitive behaviour. Several competition authorities have concluded recently that although generically formulated competition law provisions can be adapted to the particularities of a data-driven market, big data may require the use of somewhat specialized tools and methods in law enforcement, especially in the assessment of market power during merger control proceedings. One particular issue is whether data protection concerns might be covered by the scope of competition law. Recent case law suggests that national law enforcers are becoming increasingly flexible regarding privacy policies as a non-price competition factor in merger control in order to prevent future anti-competitive practices and a general reduction of competition in the relevant market.

Business Models Applicable to IoT

2019 ◽  
pp. 21-42 ◽  
Author(s):  
Manuel Rocha Fiuza Branco Junior ◽  
Cássio Luís Batista ◽  
Marco Elisio Marques ◽  
Claudio Roberto Magalhães Pessoa
Keyword(s):  
Information Technology ◽  
Information Systems ◽  
Value Creation ◽  
Business Models ◽  
Business Processes ◽  
Modern World ◽  
Business Efficiency ◽  
New Business ◽  
Market Expectations ◽  
New Business Models

Business models have been analyzed in the context of the information technology economy and are aligning the idea of innovation developing with the economy or, in other words, business aligning technology and market. Some care must be taken on the transformation of the Information Systems through the introduction of the new unique IoT offers in many fields. For the IoT systems, a complex value stack needs to be addressed in order to realize the possibilities on the innovation in the services. This induces specific requirements when it comes to designing IoT business models. IoT enables new business models, which create value by connecting existing and new things together to establish new business processes, increase business efficiency, enable greater innovation and drive improved visibility across an organization. To be successful, information systems need to consider all the layers of value creation in order to enable the collection of information with the agility needed in the modern world of business. This chapter highlights the IoT systems, its features and market expectations. It also suggests the existence of two classes of business models for IOT, the Digitally Loaded Product and another classified as Sensor as a Service, which address the uniqueness of IoT.

Datenbasierte Produktionsoptimierung*/Data-driven production optimization: Areas of development for manufacturing companies

2018 ◽  
Vol 108 (03) ◽  
pp. 108-112
Author(s):  
D. Bauer ◽  
T. Maurer ◽  
T. Bauernhansl
Keyword(s):  
Big Data ◽  
Data Analytics ◽  
Applied Research ◽  
Business Models ◽  
Big Data Analytics ◽  
Production Optimization ◽  
Data Driven ◽  
Manufacturing Companies ◽  
New Business ◽  
New Business Models

Unternehmen sehen in Big-Data-Analysen ein großes Potenzial zur Optimierung der klassischen Produktionsziele sowie zur Entwicklung neuer Geschäftsmodelle. Eine Studie des Fraunhofer IPA analysiert, welche Herausforderungen bei der Umsetzung dieser Potenziale auftreten. Darauf aufbauend werden Entwicklungsfelder für die angewandte Forschung und produzierende Unternehmen erarbeitet.   Companies expect huge benefits from big data analytics both to improve traditional production targets and to develop new business models. A study conducted by Fraunhofer IPA analyzes the upcoming challenges in exploiting these opportunities. It provides the basis for identifying areas of development for applied research and for manufacturing companies.

DIGITAL ECONOMY AND GLOBALIZATION: THE IMPORTANCE OF DIGITAL ENTREPRENEURSHIP DEVELOPMENT

2020 ◽  
Vol 6 (3) ◽  
pp. 17-20
Author(s):  
Farxod Tursunov ◽  
Keyword(s):  
Business Models ◽  
Digital Economy ◽  
Management Systems ◽  
Entrepreneurship Development ◽  
New Business ◽  
Definition Of ◽  
Digital Enterprise ◽  
New Business Models ◽  
Digital Entrepreneurship

The article discusses the role of the digital economy in the development of the country, how it becomes the basis of the economy, new business models and management systems. The opinion of scientistsis analyzed, a definition of a digital enterprise is given

Country Radio

2017 ◽  
Author(s):  
Eric Weisbard
Keyword(s):  
World War Ii ◽  
Business Models ◽  
Internet Access ◽  
Country Music ◽  
Programming Approach ◽  
World War ◽  
Musical Genre ◽  
New Business ◽  
The Media ◽  
New Business Models

This chapter considers the role played by radio in popularizing and defining country music. Radio as a format pursued a commercially driven mediation of identity that worked against applying an artistically driven musical genre definition. In particular, these debates revolved around gendered presentation and women as listeners and performers. From the 1920s through World War II, radio’s prominence in country turned on live radio shows as the media introduction of southern whites. A second era, from the end of the war to mid-1970s, saw a shift to disc jockeys and records: personality radio. Format radio country, a tighter programming approach, solidified from the mid-1970s to the mega mergers of the late 1990s. Most recently, in an era of Internet access and new business models for music, country has confronted the less sympathetic position of networked radio.

scholarly journals Pursuing Frugal Innovation for Sustainability at the Grassroots Level

2021 ◽  
pp. 1-8
Author(s):  
Mokter Hossain ◽  
Jarkko Levänen ◽  
Marleen Wierenga
Keyword(s):  
Developing Countries ◽  
Environmental Sustainability ◽  
Business Models ◽  
Business Strategies ◽  
Future Research ◽  
Frugal Innovation ◽  
New Business ◽  
Grassroots Level ◽  
Societal Problems ◽  
New Business Models

ABSTRACT Firms are often criticized for their reluctance to embrace sustainability in their business strategies. Frugal innovation is a recent concept that represents a new way for firms to serve underserved customers in developing countries while also promoting sustainability. Based on three cases of frugal innovation at the grassroots level in India, this article demonstrates how frugal innovation presents a promising way to tackle some of today's pressing societal problems with new business models. We use a range of parameters for economic, social, and environmental sustainability to strengthen the case for frugal innovation. This article attempts to inspire scholars to consider frugal innovation further in their future research endeavors and encourage firms to integrate it into their existing business models.

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