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- W4385218404 abstract "Digital businesses generate an abundance of data, which can be used to make better decisions, optimize operations, and even modify the firm’s business model and enter new markets. However, there seems to be large and persistent differences in firms’ ability to adopt and leverage the value of their data assets. This study advances the notion that resource cognition, or managers’ perceptions of the uses and limits of their resource base, can explain the extent and ways in which firms end up creating value from their data assets. We conduct a multi-case study of 8 firms who employ data-generating business models to explore how and why firms view and exploit their strategic data resources in different ways. While the business models of all the studied firms generated a wealth of data, the firms developed very different orientations towards their data assets over time. Our findings suggest that firms' data-related resource cognitions and resource orchestration related to the development and utilization of data assets constitute a mutually reinforcing cycle. This cycle can explain why the development of data analytics capabilities can sometimes lead to data becoming to be seen as a core strategic asset in the firm while in other cases data remains in a peripheral role. Overall, our findings contribute to a resource-based view of data-driven firms by highlighting the impact of cognition in firms’ valuation of their data resources." @default.
- W4385218404 created "2023-07-25" @default.
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- W4385218404 date "2023-08-01" @default.
- W4385218404 modified "2023-09-27" @default.
- W4385218404 title "The Value of Data is in the eye of the Beholder: The Role of Resource Cognition in Data-driven Firms" @default.
- W4385218404 doi "https://doi.org/10.5465/amproc.2023.17400abstract" @default.
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