Organizational Capability for Information Management – Do we Feel a Big Data Crisis?
University of Belgrade, Serbia
Nowadays, modern business includes acquisition and store of enormous data volumes, larger than ever before. Most often, collected data are used in a shorter time frame, and then they are archived and almost not used, effectively. On the other hand, such data represent a significant value that a company can utilize so as to reach created goals and provide a sustainable development. Unfortunately, a daily practice in many companies still intensively points out to the problem of a serious gap between the identified needs for knowledge, on one hand, and inability of modern software products to address such needs in an effective way, on the other hand. Despite that massive data volumes already exist and that modern information solutions provide the excellent technology prerequisites for a development and industry implementation of high quality software applications. We can call such a phenomenon a “big data crisis”.
Some of important causes of the aforementioned phenomenon are in the following: (1) Unsatisfactory level of organization maturity in regard to the: capabilities for information management, quality management, and business processes; (2) Unsatisfactory level of accumulated knowledge in a problem domain; and (3) Unsatisfactory level of accumulated knowledge in a domain of software engineering, particularly in a domain of the development and formal specification of models for software products aimed at generation of company knowledge and decision support. Alleviating the aforementioned phenomenon is a strategic and long term task, possible by simultaneous addressing all its significant causes, only. In this talk, some of the author’s research and educational efforts will be presented, trying to address the most influencing factors for information management and innovations, leading to the digital transformation process.
Lecture at NEMO2023
Date/Time: Thursday, July 20, 2023 at 11:30