Increasing competitive pressure and digitalization demand organizations to rethink their approaches to collaboration and innovation. By permitting organizational boundaries to become permeable, firms have started to allow the in- and outflow of knowledge to enable new forms of value creation. This also applies to data as a form of knowledge. Yet, firms still struggle to systematically evaluate the benefits of engaging in open data initiatives. Hence, a comprehensive and empirically grounded model is needed. Therefore, we apply an exploratory research approach by triangulating insights from a literature review, expert interviews, and multiple case studies to derive three clusters of benefit concepts: internal improvements, innovation driver, and visibility & participation. Our work contributes to a better understanding of open data and lays the foundation for quantitative empirical studies. For practitioners, we outline a novel path to extract value from data and, hence, call for additional investments into open data initiatives.
Enders, Tobias; Satzger, Gerhard; Fassnacht, Marcel; and Wolff, Clemens, "Why Should I Share? Exploring Benefits of Open Data for Private Sector Organizations" (2022). PACIS 2022 Proceedings. 75.
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