Evaluating the business value of information technology: Case study on game management system

Measuring Information Application for Activity in Systems Success

“…The quality of using information, information value, and business value of information has attracted researchers for decades. H. Tohonen, M. Kauppinen, and T. Manisto [16] conclude that the evaluation of IT business value is challenging and has been on both research and practitioner agendas for more than two decades but remains a challenge. One reason for this is that such measures must, among other facets, represent the quality of purposeful changes in activity caused by obtained information, particularly in changing conditions.…”

“…This approach is based on the concept, described by Y. Lee, R. Wang, and D. Strong as: "the concept of "fitness for use" is now widely adopted in the quality literature" [19]. A review of the approaches for estimating the value of information, with a focus on fundamental and mathematical methods, was provided in [16] and by most other researchers using an empirical approach. As it is noticed by Y. Lee, R. Wang, and D. Strong about this approach: "The disadvantage is that the correctness or completeness of the results cannot be proven via fundamental principles" The fitness for use is investigated by [19].…”

The method of information use schematization

“…Understanding value of information 5 (VoI), particularly -business value of information 6 (BVI), business value of information technology 7 , expected value of perfect and without perfect information 8 (EVPI, EVwPI) became central part of decisions regarding information technology adoption and use in such research fields as Infonomics 9 . The central question which arises when problems solved, such that it demands various characteristics of quality of information estimation, is value of information for practice, i.e., for human action and its results -pragmatics of information.…”