Creating Value from Data the Right Way - A Framework for Assessing Data Value Creation Use Cases

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2025-01-07

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5732

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Abstract

The opportunities for organizations to create value from data are steadily increasing. However, assessing data value to justify the required investments continues to pose challenges for many organizations. To provide a compelling rationale, data value creation use cases must be defined for the specific application context and evaluated in a comprehensive manner. Based on a comprehensive literature review, this study identifies and synthesizes relevant assessment criteria across the dimensions of desirability, feasibility, and viability. The proposed framework supports organizations in prioritizing data value creation use cases to optimize resource allocation and return on investment and provides a foundation for developing tailored decision-making tools. For researchers, this holistic overview of relevant assessment criteria from different literature streams and research areas fosters a more coherent understanding of data value creation in academia.

Description

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Data Analytics, Strategic Leadership, and Value Creation, assessment, data value creation, framework, literature review, use case

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10

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Proceedings of the 58th Hawaii International Conference on System Sciences

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Attribution-NonCommercial-NoDerivatives 4.0 International

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