The Big Data Value Chain: Definitions, Concepts, and Theoretical Approaches (bibtex)
by Edward Curry
Abstract:
Big data is the emerging field where innovative technology offers new ways to extract value from the tsunami of available information. As with any emerging area, terms and concepts can be open to different interpretations. The Big Data domain is no different. This chapter examines the different definitions of “Big Data” which have emerged over the last number of years to label data with different attributes. The Big Data Value Chain is introduced to describe the information flow within a big data system as a series of steps needed to generate value and useful insights from data. The value chain enables the analysis of big data technologies for each step within the chain. The chapter explores the concept of a Big Data Ecosystem. It examines the use of the ecosystem metaphor within the business community to describe the business environment and how it can be extended to the big data context. Key stakeholders of a big data ecosystem are identified together with the challenges that need to be overcome to enable a big data ecosystem in Europe.
Reference:
Edward Curry, "The Big Data Value Chain: Definitions, Concepts, and Theoretical Approaches", Chapter in New Horizons for a Data-Driven Economy, Springer International Publishing, Cham, pp. 29-37, 2016.
Bibtex Entry:
@incollection{Curry2015,
abstract = {Big data is the emerging field where innovative technology offers new ways to extract value from the tsunami of available information. As with any emerging area, terms and concepts can be open to different interpretations. The Big Data domain is no different. This chapter examines the different definitions of “Big Data” which have emerged over the last number of years to label data with different attributes. The Big Data Value Chain is introduced to describe the information flow within a big data system as a series of steps needed to generate value and useful insights from data. The value chain enables the analysis of big data technologies for each step within the chain. The chapter explores the concept of a Big Data Ecosystem. It examines the use of the ecosystem metaphor within the business community to describe the business environment and how it can be extended to the big data context. Key stakeholders of a big data ecosystem are identified together with the challenges that need to be overcome to enable a big data ecosystem in Europe.},
address = {Cham},
author = {Curry, Edward},
booktitle = {New Horizons for a Data-Driven Economy},
chapter = {3},
doi = {10.1007/978-3-319-21569-3_3},
editor = {Cavanillas, Jose Maria and Curry, Edward and Wahlster, Wolfgang},
file = {:Users/ed/Library/Application Support/Mendeley Desktop/Downloaded/Curry - 2016 - The Big Data Value Chain Definitions, Concepts, and Theoretical Approaches.pdf:pdf},
pages = {29--37},
publisher = {Springer International Publishing},
title = {{The Big Data Value Chain: Definitions, Concepts, and Theoretical Approaches}},
url = {http://link.springer.com/10.1007/978-3-319-21569-3_3},
year = {2016}
}
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