Yu, H. and Foster, J. orcid.org/0000-0002-9439-0884 (2017) Towards information governance of data value chains: Balancing the value and risks of data within a financial services company. In: Uden, L., Lu, W. and Ting, I.-H., (eds.) Knowledge Management in Organizations (KMO 2017). KMO: 12th International Conference on Knowledge Management in Organizations (KMO 2017), 21-24 Aug 2017, Beijing, China. Communications in Computer and Information Science, 731 . Springer Verlag , pp. 336-346. ISBN 978-3-319-62697-0
Abstract
Data is emerging as a key asset of value to organizations. Unlike the traditional concept of a business value chain, or an information value chain, the concept of a data value chain has less currency and is still under-researched. This article reports on the findings of a survey of employees of a financial services company who use a range of data to support their financial analyses, and investment decisions. The purpose of the survey was: to test out the idea of the data value chain as an abstract model useful for organizing the different discrete processes involved in data gathering, data analysis, and decision-making; and to further identify issues, and suggest improvements. While data and its analysis is clearly a tool for supporting the delivery of financial services, there are also a number of risks to its value being realized, most prominently data quality, along with some reservations as to the relative advantages of data-driven over intuitive decision-making. The findings also raise further data and information governance concerns. If implemented these programmes can aid in the realization of value from data, while also mitigating the risks of value not being realized.
Metadata
Item Type: | Proceedings Paper |
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Authors/Creators: |
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Editors: |
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Copyright, Publisher and Additional Information: | © 2017 Springer Verlag. This is an author-produced version of a paper subsequently published in Uden L., Lu W., Ting IH. (eds) Knowledge Management in Organizations. KMO 2017. Communications in Computer and Information Science, vol 731. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | Data value chain; Financial services; Data governance; Information governance |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Social Sciences (Sheffield) > Information School (Sheffield) |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 22 May 2019 15:19 |
Last Modified: | 23 May 2019 03:52 |
Status: | Published |
Publisher: | Springer Verlag |
Series Name: | Communications in Computer and Information Science |
Refereed: | Yes |
Identification Number: | 10.1007/978-3-319-62698-7_28 |
Related URLs: | |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:144266 |