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ItemBig Data Value Engineering for Business Model Innovation( 2017-01-04)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.
ItemBatch to Real-Time: Incremental Data Collection & Analytics Platform( 2017-01-04)Real-time data collection and analytics is a desirable but challenging feature to provide in data-intensive software systems. To provide highly concurrent and efficient real-time analytics on streaming data at interactive speeds requires a well-designed software architecture that makes use of a carefully selected set of software frameworks. In this paper, we report on the design and implementation of the Incremental Data Collection & Analytics Platform (IDCAP). The IDCAP provides incremental data collection and indexing in real-time of social media data; support for real-time analytics at interactive speeds; highly concurrent batch data processing supported by a novel data model; and a front-end web client that allows an analyst to manage IDCAP resources, to monitor incoming data in real-time, and to provide an interface that allows incremental queries to be performed on top of large Twitter datasets.
ItemIntroduction to Big Data Engineering Minitrack( 2017-01-04)