CUED Publications database

Capturing value from big data – a taxonomy of data-driven business models used by start-up firms

Hartmann, PM and Zaki, M and Feldmann, N and Neely, A (2016) Capturing value from big data – a taxonomy of data-driven business models used by start-up firms. International Journal of Operations and Production Management, 36. pp. 1382-1406.

Full text not available from this repository.

Abstract

$\textbf{Purpose:}$ The purpose of this paper is to derive a taxonomy of business models used by start-up firms that rely on data as a key resource for business, namely data-driven business models (DDBMs). By providing a framework to systematically analyse DDBMs, the study provides an introduction to DDBM as a field of study. $\textbf{Design/methodology/approach:}$ To develop the taxonomy of DDBMs, business model descriptions of 100 randomly chosen start-up firms were coded using a DDBM framework derived from literature, comprising six dimensions with 35 features. Subsequent application of clustering algorithms produced six different types of DDBM, validated by case studies from the study’s sample. $\textbf{Findings:}$ The taxonomy derived from the research consists of six different types of DDBM among start-ups. These types are characterised by a subset of six of nine clustering variables from the DDBM framework. $\textbf{Practical implications:}$ A major contribution of the paper is the designed framework, which stimulates thinking about the nature and future of DDBMs. The proposed taxonomy will help organisations to position their activities in the current DDBM landscape. Moreover, framework and taxonomy may lead to a DDBM design toolbox. $\textbf{Originality/value:}$ This paper develops a basis for understanding how start-ups build business models capture value from data as a key resource, adding a business perspective to the discussion of big data. By offering the scientific community a specific framework of business model features and a subsequent taxonomy, the paper provides reference points and serves as a foundation for future studies of DDBMs.

Item Type: Article
Uncontrolled Keywords: business model big data data-driven business model start-up business model
Subjects: UNSPECIFIED
Divisions: Div E > Strategy and Policy
Depositing User: Cron Job
Date Deposited: 17 Jul 2017 19:31
Last Modified: 23 Nov 2017 03:32
DOI: