“Ideation is Fine, but Execution is Key”: How Incumbent Companies Realize Data-Driven Business Models

Research output: Contributions to collected editions/worksArticle in conference proceedingsResearchpeer-review

Standard

“Ideation is Fine, but Execution is Key”: How Incumbent Companies Realize Data-Driven Business Models. / Lange, Hergen Eilert; Drews, Paul; Höft, Markus.
Proceedings - 2021 IEEE 23rd Conference on Business Informatics, CBI 2021 - Main Papers: CBI 2021, Virtual Conference 1-3 September 2021, Proceedings . ed. / João Paulo A. Almeida; Giancarlo Guizzardi ; Marco Montali ; Henderik A. Proper . Vol. 1 Los Alamitos: IEEE - Institute of Electrical and Electronics Engineers Inc., 2021. p. 191-200 ( IEEE ... Conference on Business Informatics; Vol. 23, No. 1).

Research output: Contributions to collected editions/worksArticle in conference proceedingsResearchpeer-review

Harvard

Lange, HE, Drews, P & Höft, M 2021, “Ideation is Fine, but Execution is Key”: How Incumbent Companies Realize Data-Driven Business Models. in JPA Almeida, G Guizzardi , M Montali & HA Proper (eds), Proceedings - 2021 IEEE 23rd Conference on Business Informatics, CBI 2021 - Main Papers: CBI 2021, Virtual Conference 1-3 September 2021, Proceedings . vol. 1, IEEE ... Conference on Business Informatics, no. 1, vol. 23, IEEE - Institute of Electrical and Electronics Engineers Inc., Los Alamitos, pp. 191-200, 23rd IEEE Conference on Business Informatics - CBI 2021, Bozen, Italy, 01.09.21. https://doi.org/10.1109/CBI52690.2021.00030

APA

Lange, H. E., Drews, P., & Höft, M. (2021). “Ideation is Fine, but Execution is Key”: How Incumbent Companies Realize Data-Driven Business Models. In J. P. A. Almeida, G. Guizzardi , M. Montali , & H. A. Proper (Eds.), Proceedings - 2021 IEEE 23rd Conference on Business Informatics, CBI 2021 - Main Papers: CBI 2021, Virtual Conference 1-3 September 2021, Proceedings (Vol. 1, pp. 191-200). ( IEEE ... Conference on Business Informatics; Vol. 23, No. 1). IEEE - Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/CBI52690.2021.00030

Vancouver

Lange HE, Drews P, Höft M. “Ideation is Fine, but Execution is Key”: How Incumbent Companies Realize Data-Driven Business Models. In Almeida JPA, Guizzardi G, Montali M, Proper HA, editors, Proceedings - 2021 IEEE 23rd Conference on Business Informatics, CBI 2021 - Main Papers: CBI 2021, Virtual Conference 1-3 September 2021, Proceedings . Vol. 1. Los Alamitos: IEEE - Institute of Electrical and Electronics Engineers Inc. 2021. p. 191-200. ( IEEE ... Conference on Business Informatics; 1). doi: 10.1109/CBI52690.2021.00030

Bibtex

@inbook{0fbc2bf383e747b1a5fa027923d0fd8c,
title = "“Ideation is Fine, but Execution is Key”: How Incumbent Companies Realize Data-Driven Business Models",
abstract = "Realizing innovative ways of data usage and monetization are considered to be important for companies in many industries today. Hence, companies are developing multiple approaches for developing and realizing data-driven business models (DDBM). Current research provides the first methods to support the design of DDBM. However, empirically grounded knowledge on how incumbent companies realize DDBM is scarce. To close this gap, we interviewed experts from multiple industries to learn from their experiences. Based on 45 cases, we developed four DDBM realization case types. Grounded on the case analysis, we identified four execution periods that companies pass through during DDBM realization. Finally, we compared the findings from this study to a DDBM realization process, which was developed based on the synthesis of literature. The results contribute to a better understanding of DDBM realization by drawing on a rich set of cases.",
keywords = "Business informatics, Industries, conferences, companies, informatics, business, Data-driven, business models, Realization, cases",
author = "Lange, {Hergen Eilert} and Paul Drews and Markus H{\"o}ft",
note = "Volume 1 – Main Conference Papers; 23rd IEEE Conference on Business Informatics - CBI 2021, CBI 2021 ; Conference date: 01-09-2021 Through 03-09-2021",
year = "2021",
doi = "10.1109/CBI52690.2021.00030",
language = "English",
isbn = "978-1-6654-2070-9",
volume = "1",
series = " IEEE ... Conference on Business Informatics",
publisher = "IEEE - Institute of Electrical and Electronics Engineers Inc.",
number = "1",
pages = "191--200",
editor = "Almeida, {Jo{\~a}o Paulo A. } and {Guizzardi }, Giancarlo and {Montali }, Marco and {Proper }, {Henderik A. }",
booktitle = "Proceedings - 2021 IEEE 23rd Conference on Business Informatics, CBI 2021 - Main Papers",
address = "United States",

}

RIS

TY - CHAP

T1 - “Ideation is Fine, but Execution is Key”

T2 - 23rd IEEE Conference on Business Informatics - CBI 2021

AU - Lange, Hergen Eilert

AU - Drews, Paul

AU - Höft, Markus

N1 - Conference code: 23

PY - 2021

Y1 - 2021

N2 - Realizing innovative ways of data usage and monetization are considered to be important for companies in many industries today. Hence, companies are developing multiple approaches for developing and realizing data-driven business models (DDBM). Current research provides the first methods to support the design of DDBM. However, empirically grounded knowledge on how incumbent companies realize DDBM is scarce. To close this gap, we interviewed experts from multiple industries to learn from their experiences. Based on 45 cases, we developed four DDBM realization case types. Grounded on the case analysis, we identified four execution periods that companies pass through during DDBM realization. Finally, we compared the findings from this study to a DDBM realization process, which was developed based on the synthesis of literature. The results contribute to a better understanding of DDBM realization by drawing on a rich set of cases.

AB - Realizing innovative ways of data usage and monetization are considered to be important for companies in many industries today. Hence, companies are developing multiple approaches for developing and realizing data-driven business models (DDBM). Current research provides the first methods to support the design of DDBM. However, empirically grounded knowledge on how incumbent companies realize DDBM is scarce. To close this gap, we interviewed experts from multiple industries to learn from their experiences. Based on 45 cases, we developed four DDBM realization case types. Grounded on the case analysis, we identified four execution periods that companies pass through during DDBM realization. Finally, we compared the findings from this study to a DDBM realization process, which was developed based on the synthesis of literature. The results contribute to a better understanding of DDBM realization by drawing on a rich set of cases.

KW - Business informatics

KW - Industries

KW - conferences

KW - companies

KW - informatics

KW - business

KW - Data-driven

KW - business models

KW - Realization

KW - cases

UR - http://www.scopus.com/inward/record.url?scp=85123627593&partnerID=8YFLogxK

U2 - 10.1109/CBI52690.2021.00030

DO - 10.1109/CBI52690.2021.00030

M3 - Article in conference proceedings

SN - 978-1-6654-2070-9

VL - 1

T3 - IEEE ... Conference on Business Informatics

SP - 191

EP - 200

BT - Proceedings - 2021 IEEE 23rd Conference on Business Informatics, CBI 2021 - Main Papers

A2 - Almeida, João Paulo A.

A2 - Guizzardi , Giancarlo

A2 - Montali , Marco

A2 - Proper , Henderik A.

PB - IEEE - Institute of Electrical and Electronics Engineers Inc.

CY - Los Alamitos

Y2 - 1 September 2021 through 3 September 2021

ER -

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