scholarly journals Architecting and Developing Big Data-Driven Innovation (DDI) in the Digital Economy

2021 ◽  
Vol 29 (3) ◽  
pp. 165-187
Author(s):  
Saida Sultana ◽  
Shahriar Akter ◽  
Elias Kyriazis ◽  
Samuel Fosso Wamba

To revamp with new creative age characterized by ongoing digital transformation, more and more industries are capitalizing on digital innovation for their sustainable business growth. Drawing on a systematic literature review, thematic analysis, and using the theories of dynamic capabilities and market orientation, this research scrutinizes a systematic process for developing analytics-based data-driven innovation (DDI). Findings suggest a standardized seven-step process for DDI, including product conceptualization, data acquisition, data refinement, data storage and retrieval, distribution, presentation, and market feedback.

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Sorin Gavrila Gavrila ◽  
Antonio De Lucas Ancillo

PurposeThe coronavirus disease 2019 (COVID-19) pandemic has taken society, business and industries by surprise leading to a worldwide economic recession, pushing organizations to rethink their business model in order to shift from activity shutdown toward sustainable growth. The purpose of this research is to comprehend the implications and relationship between entrepreneurship, innovation, digitization and digital transformation aspects as the levers to achieve this goal.Design/methodology/approachFollowing the existing literature, an empirical approach has been established involving a quantitative analysis of secondary information obtained from official datasets and reports.FindingsThe COVID-19 pandemic was found to be an unfortunate accelerator regarding both consumers' habits and organizations' innovation and digital transformation, breaking with the past leading to new sustainable growth business models.Practical implicationsThe research provides an underlying outcome that addresses how wealth and economic value could be generated within the framework of new economic models in a post-pandemic environment.Originality/valueThe research highlights how the pandemic has disrupted what was known about sustainable business growth, and how this affects the future of business beyond the pandemic scenario, transforming the way society, businesses and customers interact.


2022 ◽  
Vol 35 (1) ◽  
pp. 0-0

Prior research has shown that digitalization is found to deliver a source of investigation for presenting organizations to redesign their business model in order to align their strategy towards digital transformation. This study examines the factors influencing digital innovation strategy in organizations and a model for digital innovation strategy in organizations is also developed . Specifically, drawing on data from 450 respondents, the researchers propose that the following variables: organizational IT application portfolio, organizational culture, organizational structure, organizational dynamic capabilities, leadership and ethics predict innovation and strategy in organizations. The researchers found that organizational culture variable contribution was the highest by collectively predicting 78.1% for digital innovation & strategy in organizations. Overall, this study contributes to the literature by providing a model for developing digital innovation strategy in organizations.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Chandra Dwipayana ◽  
Ruslan Prijadi ◽  
Mohammad Hamsal

PurposeThis study proposed the integrative model of dynamic dominant logic (DL) with exploitation (EP) and exploration (ER) as a pattern of actions in endeavoring firm performance (FP). This study also intended to explain the multiple patterns of DL in creating technical and evolutionary fitness simultaneously.Design/methodology/approachThis study used a cross-sectional quantitative analysis of the Indonesian commercial banking population facing digital transformation and was analyzed using covariance-based structural equation modeling through parceling.FindingsThe model confirmed that DL positively affects EP and ER. It also revealed that DL indirectly impacts FP through EP, indicating changes in the traditional banking business through the strong acceptance of “new realities” in adapting to the rapid growth of technology. Hence, this study discovered that during the recent banking digital transformation, the beneficial inertia of the technical pattern of action might lose effectiveness in creating superior performance.Practical implicationsDL is vital in locking short-term performance while maintaining long-term performance opportunities through EP and ER to promote digital transformation. Accordingly, it induced banks to adopt new technology for value creation and fortifying competitive advantage.Originality/valueThis study provided a theory about how DL links the firm's decision-making process by promoting multiple patterns of action in achieving technical and evolutionary fitness. It highlighted the DL as a resource conceptualization that promotes resource development through EP and ER as microfoundation of dynamic capabilities during the tension of institutionalization and digital transformation.


2021 ◽  
Author(s):  
Senthil Krishnababu ◽  
Omar Valero ◽  
Roger Wells

Abstract Data driven technologies are revolutionising the engineering sector by providing new ways of performing day to day tasks through the life cycle of a product as it progresses through manufacture, to build, qualification test, field operation and maintenance. Significant increase in data transfer speeds combined with cost effective data storage, and ever-increasing computational power provide the building blocks that enable companies to adopt data driven technologies such as data analytics, IOT and machine learning. Improved business operational efficiency and more responsive customer support provide the incentives for business investment. Digital twins, that leverages these technologies in their various forms to converge physics and data driven models, are therefore being widely adopted. A high-fidelity multi-physics digital twin, HFDT, that digitally replicates a gas turbine as it is built based on part and build data using advanced component and assembly models is introduced. The HFDT, among other benefits enables data driven assessments to be carried out during manufacture and assembly for each turbine allowing these processes to be optimised and the impact of variability or process change to be readily evaluated. On delivery of the turbine and its associated HFDT to the service support team the HFDT supports the evaluation of in-service performance deteriorations, the impact of field interventions and repair and the changes in operating characteristics resulting from overhaul and turbine upgrade. Thus, creating a cradle to grave physics and data driven twin of the gas turbine asset. In this paper, one branch of HFDT using a power turbine module is firstly presented. This involves simultaneous modelling of gas path and solid using high fidelity CFD and FEA which converts the cold geometry to hot running conditions to assess the impact of various manufacturing and build variabilities. It is shown this process can be executed within reasonable time frames enabling creation of HFDT for each turbine during manufacture and assembly and for this to be transferred to the service team for deployment during field operations. Following this, it is shown how data driven technologies are used in conjunction with the HFDT to improve predictions of engine performance from early build information. The example shown, shows how a higher degree of confidence is achieved through the development of an artificial neural network of the compressor tip gap feature and its effect on overall compressor efficiency.


Author(s):  
Sandra Trinkūnienė ◽  
Loreta Juskaite

Educational ecosystem is facing rapid changes due emerging technologies and their rapid penetration to daily use. When the COVID-19 pandemic emerged, it only accelerated many of these trends. Nevertheless, some education systems have been able to adapt to the changing situation and digital transformation more easily than others. Digital competence is essential for learning, work and active participation in society in digital transformation context. Given the pressure of change on existing learning institutions and learning models, ICT offers broad opportunities for developing a different view. In order for digital education actors to adapt to the digital transformation in the education sector, they also need to have the skills needed to use technology effectively. However, there is a lack of computer and technological literacy. In Latvia and Lithuania, about one in three workers has limited or no digital skills, and most STEM vacancies remain unfilled because workers do not have the necessary competencies and are not inclined to study or retrain. The aim of the study is to assess the effect of dynamic capabilities for added value educational outcomes during COVID-19 recession. The results of the study revealed that dynamic capabilities have a direct positive effect on value based education outcomes.  


Author(s):  
Niksa Blonder ◽  
Frank Delaglio

The Nuclear Magnetic Resonance Spectral Measurement Database (NMR-SMDB) was developed for the purpose of organizing and searching NMR spectral data of protein therapeutics, linking spectra to corresponding sample information and enabling quick access to full datasets and entire studies. In addition to supporting internal research at the National Institute of Standards and Technology (NIST), the system could facilitate data access to stakeholders outside of NIST, and future versions of the database software itself could be installed by others for their own data storage and retrieval.


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