Business Intelligence and Agile Methodology for Risk Management in Knowledge-Based Organizations

2012 ◽  
pp. 240-267
Author(s):  
Muhammad Mazen Almustafa ◽  
Dania Alkhaldi
Keyword(s):  
Risk Management ◽  
Business Intelligence ◽  
Agile Methodology ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Technology Changes ◽  
Risk Management Process ◽  
Changing Economy ◽  
Business Requirements

In this highly technology - dependent, knowledge- based economy, the causes for failure of most software development projects are related to rapid technology changes, in-flux business requirements, or failure to tackle risk. Accordingly, risk management plays significant and crucial role in organizations’ response to this rapidly changing economy. Risk management process is illustrated in four main steps: identify the risk, analyze the risk, treat the risk and monitor the risk. This chapter discusses and explores the role of business intelligence and agile methodology to manage risk effectively and efficiently. It explores the risk management traditional tools that are commonly used, the role of business intelligence in risk management, and the role of agile methodology in risk management.

Business Intelligence and Agile Methodology for Risk Management in Knowledge-Based Organizations

2014 ◽  
pp. 1710-1735 ◽  
Author(s):  
Muhammad Mazen Almustafa ◽  
Dania Alkhaldi
Keyword(s):  
Risk Management ◽  
Business Intelligence ◽  
Agile Methodology ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Technology Changes ◽  
Risk Management Process ◽  
Changing Economy ◽  
Business Requirements

In this highly technology - dependent, knowledge- based economy, the causes for failure of most software development projects are related to rapid technology changes, in-flux business requirements, or failure to tackle risk. Accordingly, risk management plays significant and crucial role in organizations’ response to this rapidly changing economy. Risk management process is illustrated in four main steps: identify the risk, analyze the risk, treat the risk and monitor the risk. This chapter discusses and explores the role of business intelligence and agile methodology to manage risk effectively and efficiently. It explores the risk management traditional tools that are commonly used, the role of business intelligence in risk management, and the role of agile methodology in risk management.

scholarly journals The sustainable development of the knowledge based economy in Lithuania

2014 ◽  
Vol 36 (4) ◽  
pp. 775-783
Author(s):  
Aurelija Čižauskaitė-Butkaliuk
Keyword(s):  
Sustainable Development ◽  
Information And Communications Technology ◽  
Growing Up ◽  
Environmental Innovation ◽  
The Sustainable Development ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Information And Communication ◽  
Effective Development

In this century the management of the country is in a dynamic, multiplicity and controversial environment. For their competitiveness is necessary to look for the interaction between the knowledgebased economy and the sustainable development. A strong correlation between those objects.forces scientists to analyze, create new evaluation methodologies. The aim of this study – to examine the role of importance between knowledge–based economy and sustainable development, create and calculate an integrated sustainable knowledge–based economy index of Lithuania and according to the results or research, make proposes for more effective development of Lithuania’s sustainable knowledge–based economy. The index consists of Socio-economic, environmental, innovation, human resources and information and communications technology sub–indices..The calculation showed that the development of a knowledge–based economy is not sustainable, because not all the development of sub–indices.is the same. The biggest positive changes taking place in information and communication technology, and negative – socio-economic areas. The sustainable development of the knowledge–based economy in Lithuania since 2010 is growing up.

General Prospects and Contending Issues in Malaysian ICT Policy

2014 ◽  
pp. 230-249
Keyword(s):  
Innovation Policy ◽  
Internet Technology ◽  
Public And Private ◽  
Knowledge Based ◽  
Role Of The State ◽  
Knowledge Based Economy ◽  
Digital Gap ◽  
Public And Private Sector ◽  
Trade And Investment

Malaysia was one of the early adopters of Internet technology to steer innovation policy in a direction that is making the country become a knowledge-based economy. This notion of knowledge-based economy driven by ICT is best exemplified by the borderless connectivity, interactivity, and networking. Since the middle of 1990s, there have been gradual but systematic public and private sector initiatives towards ICT agenda with the prominent role of the state. This chapter aims to unpack ICT developments and examine the implications of the post-MSC formation for Malaysia and its associated issues and challenges. Second, the discussion provides an overview of MSC performance and its importance for enhancing growth, trade, and investment; reducing the digital gap; nurturing innovation; and achieving more inclusive societies. Third, some issues and challenges in MSC development are also highlighted.

Leading Firms as Knowledge Gatekeepers in a Networked Environment

2008 ◽  
pp. 260-281 ◽  
Author(s):  
Deogratias Harorimana
Keyword(s):  
Knowledge Sharing ◽  
Doctoral Students ◽  
Virtual Teams ◽  
Large Firm ◽  
Competitive Environment ◽  
Industrial Districts ◽  
Sociocultural Context ◽  
Knowledge Based ◽  
Knowledge Based Economy

This chapter introduces the role of the knowledge gatekeeper as a mechanism by which knowledge is created and transferred in a networked environment. Knowledge creation and transfer are essential for building a knowledge-based economy. The chapter considers obstacles that inhibit this process and argues that leading firms create a shared sociocultural context that enables the condivision of tacit meanings and codification of knowledge. Leading firms act as gatekeepers of knowledge through the creation of shared virtual platforms. There will be a leading firm that connects several networks of clients and suppliers who may not interact directly with one another, but are, indeed, connected indirectly though the leading firm that acts as a gatekeeper. The chapter argues that a large firm connecting several clients and suppliers at the multinational level represents a gatekeeper, but even individuals and focal firms in industrial districts can be gatekeepers. The author hopes that, through this discussion, academics, researchers, and doctoral students will have a comprehensive theoretical and practical basis on which to study the role of leading firms in building innovations and virtual teams of knowledge sharing in a highly networked and competitive environment.

scholarly journals Academic research in emerging knowledge-based economies

2018 ◽  
Vol 8 (4) ◽  
pp. 415-428 ◽  
Author(s):  
Chandanie Hadiwattege ◽  
Sepani Senaratne ◽  
Yasangika Sandanayake ◽  
Nirodha Gayani Fernando
Keyword(s):  
Construction Industry ◽  
Qualitative Interviews ◽  
Academic Research ◽  
Knowledge Dissemination ◽  
Sri Lankan ◽  
Content Type ◽  
Knowledge Based ◽  
Research Collaborations ◽  
Knowledge Based Economy

Purpose Knowledge-based economies are popular in the present world. Simultaneously, universities are becoming more responsible for leading economic development through research. As a key contributor to the national economy, it is vital for the construction industry to move beyond outdated practices, and hence, reviewing the role of academic research in empowering the construction industry with knowledge is essential. The purpose of this paper is to focus on how relevant theories conceptualise the expected role of academic research in the innovative development of an industry and the specific location in the Sri Lankan construction industry. Design/methodology/approach Following a comprehensive literature review, empirical data were collected from the Sri Lankan context with a mixed approach informed by a pragmatist philosophical stance. The perspective of academia and industry practitioners were deductively obtained through surveys and inductively explored through qualitative interviews. Findings This study provides evidence that academic research in Sri Lanka does not contribute effectively to innovative construction management. Due to the absence of industry-focussed knowledge dissemination strategies, the academic–industry relationships are mostly non-research based. The industry lacks in research-informed-decision making, leading to lesser innovations. Research limitations/implications The research conclusions are more applicable to the developing country construction industry contexts. Practical implications The research urges the need for improved academic–industry research collaborations and strategic knowledge dissemination movements. Originality/value The research confirms that academic research is a major integral part of the developing construction industry in a knowledge-based economy. In establishing the expected role of academic research, the research revealed the current practice to be under-located. Hence, the research prescribes the necessary actions; research collaborations in major and subsequent requirements.

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