Transformational Issues of Big Data and Analytics in Networked Business

Abstract

The era of big data and analytics is upon us and is changing the world dramatically. The field of Information Systems should be at the forefront of understanding and interpreting the impact of both technologies and management so as to lead the efforts of business research in the big data era. We need to prepare ourselves and our students for this changing world of business. In this discussion, we focus on exploring the technical and managerial issues of business transformation resulting from the insightful adoption and innovative applications of data sciences in business. We end by providing an overview of the papers included in this special issue and outline future research directions.

Understanding FinTech start-ups – a taxonomy of consumer-oriented service offerings

“…Further, data processing has always been at the core of financial services. Nowadays, technology not only changes the interaction between service providers and customers, but also expands the role and possibilities of data analytics (Baesens et al 2016). Finally, new monetization models emerge as users of financial services need not necessarily pay for services with money (Baden-Fuller and Haefliger 2013;Clemons 2009;Skilton 2015).…”

Reflections on societal and business model transformation arising from digitization and big data analytics: A research agenda

“…'Google Trends' provides publicly available reports on the query volume of any search phrase providing those data by on a regional and a longitudinal basis. Similarly, data collected via cellphones, smart phones, 'apps', or sensors provide new opportunities for data gathering and radically innovative exploitation (e.g., Baesens et al, 2014;Michael and Michael, 2011;Newell and Marabelli, 2015).…”

Disruptive Technology and the Board: the Tip of the Iceberg

“…With the growth of the internet came the transformational issue of big data and analytics that did not exist prior to the internet. Not only was the internet disruptive to old business methods but it brought with it the need to develop new skills sets and new disruptive technologies that would further change industries and market places (Baesens, Bapna, Marsden, Vanthienen, & Zhao, 2016;Drnevich & Croson, 2013;Lyytinen & Rose, 2003). Knowledge sharing has become part of the disruptive web that has been woven.…”

“…Knowledge sharing has become part of the disruptive web that has been woven. Knowledge sharing has provided companies with increased research capabilities and productiveness in both new and existing industries (Arazy, Gellatly, Ester, & Nov, 2015;Baesens et al, 2016). Boardroom directors have accepted that no corporate strategy is complete without the inclusion of a network technology strategy but a company's MIS strategy cannot be separated from the rest of the organization: it is part of the core business of the corporation (King IV Report, 2016).…”