Location
Hilton Waikoloa Village, Hawaii
Event Website
http://www.hicss.hawaii.edu
Start Date
1-4-2017
End Date
1-7-2017
Description
Big data value engineering for business model innovation requires a drastically different approach as compared with methods for engineering value under existing business models. Taking a Design Science approach, we conducted an exploratory study to formulate the requirements for a method to aid in engineering value via innovation. We then developed a method, called Eco-ARCH (Eco-ARCHitecture) for value discovery. This method is tightly integrated with the BDD (Big Data Design) method for value realization, to form a big data value engineering methodology for addressing these requirements. The Eco-ARCH approach is most suitable for the big data context where system boundaries are fluid, requirements are ill-defined, many stakeholders are unknown, design goals are not provided, no central architecture pre-exists, system behavior is non-deterministic and continuously evolving, and co-creation with consumers and prosumers is essential to achieving innovation goals. The method was empirically validated in collaboration with an IT service company in the Electric Power industry.
Big Data Value Engineering for Business Model Innovation
Hilton Waikoloa Village, Hawaii
Big data value engineering for business model innovation requires a drastically different approach as compared with methods for engineering value under existing business models. Taking a Design Science approach, we conducted an exploratory study to formulate the requirements for a method to aid in engineering value via innovation. We then developed a method, called Eco-ARCH (Eco-ARCHitecture) for value discovery. This method is tightly integrated with the BDD (Big Data Design) method for value realization, to form a big data value engineering methodology for addressing these requirements. The Eco-ARCH approach is most suitable for the big data context where system boundaries are fluid, requirements are ill-defined, many stakeholders are unknown, design goals are not provided, no central architecture pre-exists, system behavior is non-deterministic and continuously evolving, and co-creation with consumers and prosumers is essential to achieving innovation goals. The method was empirically validated in collaboration with an IT service company in the Electric Power industry.
https://aisel.aisnet.org/hicss-50/st/big_data_engineering/3