Lecture 19, big data analytics

Question 1

Challenges to Value Creation from Big Data: Data Policies

Answer 1

not enough laws about privacy, security and legal issues in big data environments

Question 2

Challenge to Value Creation from Big Data: Technology and Techniques

Answer 2

lack of technological standards to capture, store ,get and analyse big data

Question 3

Challenge to Value Creation from Big Data: Organisational Change & Talent

Answer 3

Lack of deep analytical talents to get the value of big data

Question 4

Challenges to Value Creation from Big Data: Data Access

Answer 4

not good access to the data in order to create value

Question 5

Challenges ti value Creation from Big Data: Industry Structure

Answer 5

lack of structural incentives to benefit for big data in creating value.

Question 6

Implications for Organizations

Answer 6

registrer proprietary, public and purchasable data assets
look at value creation opportunities and threats
build internal opportunities for big data analytics
Develop enterprise information strategy
look at data policy issues

Question 7

Build human capital for Big Data

Answer 7

master programs in big data analytics in order to make it easier for students when starting to work.

Question 8

Align Incentives to promote Data sharing

Answer 8

develop better conditions for data sharing markets to occur.

Question 9

Balance Stakeholders Interest

Answer 9

make laws in order to avoid abusive use of data

Question 10

Intellectual Property Framework

Answer 10

establish copyright to motivate data generation and sharing (iphone6 copy in china before it came out)

Question 11

Address Technological Barriers

Answer 11

promote data integration,R&D in areas with gaps.

Question 12

Invest in ICT infrastructure

Answer 12

Device policy intervention to support construction and maintenance of ICT infrastructure