The opportunities of big data analytics in supply market intelligence

Salla Paajanen, Katri Valkokari, Anna Aminoff

Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

2 Citations (Scopus)

Abstract

Firms need comprehensive knowledge and understanding of the opportunities available in the market by creating supply market intelligence (SMI). SMI can facilitate in finding the best partners and combination of capabilities within collaborative networks (CN). However, despite of its evident managerial relevance, SMI is still little researched topic. Simultaneously, big data analytics (BDA) has developed rapidly, becoming vital for businesses across industries. The objective of this paper is recognizing the importance of SMI and opportunities of BDA through qualitative research. The data derives from two focus group discussions of 75 purchasing professionals and six qualitative interviews of BDA experts. This research contributes to our understanding of the opportunities of BDA in creating systematic SMI to reinforce strategic collaboration, and to the understanding of knowledge as a strategic resource for forming strategic CN. Collaborative big data intelligence creates value through, for instance, creating transparency in business processes and discovering market changes.
Original languageEnglish
Title of host publicationIFIP Advances in Information and Communication Technology
EditorsHamideh Afsarmanesh, Luis M. Camarinha-Matos, Rosanna Fornasiero
PublisherSpringer
Pages194-205
Number of pages12
ISBN (Print)978-3-319-65150-7, 978-3-319-65151-4
DOIs
Publication statusPublished - 1 Jan 2017
MoE publication typeA4 Article in a conference publication
Event18th IFIP WG 5.5 Working Conference on Virtual Enterprises, PRO-VE 2017 - Vicenza, Italy
Duration: 18 Sep 201720 Sep 2017

Publication series

SeriesIFIP Advances in Information and Communication Technology
Volume506
ISSN1868-4238

Conference

Conference18th IFIP WG 5.5 Working Conference on Virtual Enterprises, PRO-VE 2017
Abbreviated titlePRO-VE 2017
CountryItaly
CityVicenza
Period18/09/1720/09/17

Fingerprint

Market intelligence
Collaborative networks
Business process
Focus group discussion
Industry
Transparency
Qualitative research
Strategic resources
Purchasing

Keywords

  • supply market intelligence
  • big data analytics
  • strategic collaboration
  • data-rich systems
  • collaborative big data intelligence

Cite this

Paajanen, S., Valkokari, K., & Aminoff, A. (2017). The opportunities of big data analytics in supply market intelligence. In H. Afsarmanesh, L. M. Camarinha-Matos, & R. Fornasiero (Eds.), IFIP Advances in Information and Communication Technology (pp. 194-205). Springer. IFIP Advances in Information and Communication Technology, Vol.. 506 https://doi.org/10.1007/978-3-319-65151-4_19
Paajanen, Salla ; Valkokari, Katri ; Aminoff, Anna. / The opportunities of big data analytics in supply market intelligence. IFIP Advances in Information and Communication Technology. editor / Hamideh Afsarmanesh ; Luis M. Camarinha-Matos ; Rosanna Fornasiero. Springer, 2017. pp. 194-205 (IFIP Advances in Information and Communication Technology, Vol. 506).
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Paajanen, S, Valkokari, K & Aminoff, A 2017, The opportunities of big data analytics in supply market intelligence. in H Afsarmanesh, LM Camarinha-Matos & R Fornasiero (eds), IFIP Advances in Information and Communication Technology. Springer, IFIP Advances in Information and Communication Technology, vol. 506, pp. 194-205, 18th IFIP WG 5.5 Working Conference on Virtual Enterprises, PRO-VE 2017, Vicenza, Italy, 18/09/17. https://doi.org/10.1007/978-3-319-65151-4_19

The opportunities of big data analytics in supply market intelligence. / Paajanen, Salla; Valkokari, Katri; Aminoff, Anna.

IFIP Advances in Information and Communication Technology. ed. / Hamideh Afsarmanesh; Luis M. Camarinha-Matos; Rosanna Fornasiero. Springer, 2017. p. 194-205 (IFIP Advances in Information and Communication Technology, Vol. 506).

Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

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Paajanen S, Valkokari K, Aminoff A. The opportunities of big data analytics in supply market intelligence. In Afsarmanesh H, Camarinha-Matos LM, Fornasiero R, editors, IFIP Advances in Information and Communication Technology. Springer. 2017. p. 194-205. (IFIP Advances in Information and Communication Technology, Vol. 506). https://doi.org/10.1007/978-3-319-65151-4_19