IVM 2018 - 4th International Workshop on Information Value Management - Challenges in an Area of Digitalisation and Big Data - IVM 2018

Recent advances in technology such as Internet of Things, Analytics and Big Data lead not only a technology revolution but also offer a magnitude of business benefits. With the arrival of Industry 4.0, the Big Data created within the Internet of Things is so enormous that it cannot be fully processed in conventional databases. Thus new challenges in an area of Digitalisation and Big Data have created opportunities to explore the information value using data analytics. In order to drive the next horizon of operational effectiveness, Big Data solutions are used to optimize business processes and reduce decision-making time etc.. Given the complex nature of the information, Big Data and IoT are demanded to address the interaction and flexibility issues among the new intelligent objects. By providing increasing access to Data and advanced capabilities to analyse large amounts of data we need to re-examine the value contribution of insights and impacts these technologies offer to business. With this workshop we aim to provide an international forum that explores various business benefits of data and information. Information creates not only value in financial terms but also in terms of operational and strategic advantages. Thus exploring the value of information and its management is crucial to the success of world-leading organizations. The value of information can be determined by its importance to and the impact information has on the business operations such as decision making, strategy development or optimizing supply chains. However, the issue of how to manage the value of information is still challenging and research so far could only address limited aspects. It has been argued that if information result in enhanced business value, the focus needs to shift from project based cost/benefit analysis to managing the overall value creation of information. Furthermore, over the last decade a move from solely technical aspects to a combination of multiple contextual factors such as technology, sector, organizational culture, and management style can be observed. The information systems literature has consistently emphasized the need for alignment of information systems with organizational goals and strategies and its impact on organizational performance. One of the key challenges and subject of continuous debate focuses on how to achieve, measure, increase and manage information and the value it creates to organisations. It has been concern to researchers and management for many years and the difficulty in measuring less tangible benefits has been emphasized.