Annotated Bibliography-The Link Between Open Government Data and Business Intelligence

Maureen

7 months ago

Annotated Bibliography-The Link Between Open Government Data and Business Intelligence

Gottfried, A., Hartmann, C., & Yates, D. (2021). Mining open government data for business intelligence using data visualization: A two-industry case study. Journal of Theoretical and Applied Electronic Commerce Research, 16(4), 1042–1065. https://doi.org/10.3390/jtaer16040059

The article discusses the link between open government data and business intelligence. The research questions the study is attempting to answer are whether the data provided by the government can be a valuable source of information in developing business intelligence and whether topic visualization and modelling tools can help organizations extract and analyze information to identify market opportunities. The researchers used a case-study approach by exploring the use of open government data for business intelligence in the lumber and footwear industries. The researchers also use Dirichlet allocation to get emerging topics in the lumber and footwear industries from open government data and the pyLDAVis data visualization tool to picture the topics and transform and interpret the data into business intelligence. The researchers found that open government data, data visualization, and modelling tools can help companies identify markets or countries with potential opportunities and the feasibility of doing business and gaining a competitive advantage in specific markets. Therefore, there is room for exploring the application of open government data to support decision-making in business hence the relevance of the research topic in the current study. Our assignment writing help is at affordable prices to students of all academic levels and academic disciplines.

The article’s findings relate to the information in other sources in the paper because it acknowledges the role of open government data in business decision-making. Therefore, the article is useful in studying the value of economic data in decision-making because it offers information supporting the arguments on how businesses can use data, including financial data, to make sound business decisions. For example, the argument that economic data can be used in creating innovative ideas and products can be used to support arguments relating to the use of financial data in business decision-making by arguing that the innovative ideas generated from the economic data are essential in making decisions relating to the products and services that a company should produce.

Hughes-Cromwick, E., & Coronado, J. (2019). The value of US government data to US business decisions. Journal of Economic Perspectives, 33(1), 131–146. https://doi.org/10.1257/jep.33.1.131

This article examines the significance of the government provided by the United States government in making business decisions. The research question the study is attempting to answer is how the information provided by the United States government assists businesses in making decisions. The researchers’ approach included reviewing data from government documents and a survey conducted in the private sector and providing examples of how the data provided by the government is used in business decision-making based on data about the energy, automotive, and financial services sectors. The article’s main findings indicate that it is challenging to determine the value of government data, but government data is a vital tactical asset for businesses. These findings create the foundation for the current research topic, hence the relationship between the article and the present study.

The article also compares with other sources in the current study by complementing the arguments made by other researchers about the use of economic data in business decision-making. The source is also vital in studying the value of economic data in decision-making because it provides additional information relating to the research topic and gives a new perspective by broadening the focus on the application of government data in decision-making. Therefore, the article is useful in the current study because it will provide examples of how government data can help organizations make good decisions. For instance, the examples relating to the use of government data in decision-making in the energy, automotive, and financial sectors are essential in shaping the arguments on the value of economic data in decision-making.

Jetzek, T., Avital, M., & Bjorn-Andersen, N. (2019). The sustainable value of open government data. Journal of the Association for Information Systems, 702–734. https://doi.org/10.17705/1jais.00549

This article reviews the value of government data in the business environment. The research question the study is attempting to answer is whether open data repositories have noteworthy value. The researchers’ approach included developing a model explaining how open data can create sustainable value based on data sharing and market mechanisms. The researchers also provided an empirical review supporting the argument that digital infrastructure, digital governance, and open data create sustainable value in a country. The findings indicate that open data creates an opportunity for stakeholders, including public organizations, private companies, and individuals, to create sustainable value for everyone. The article will complement the arguments relating to the value of economic data in business decision-making. For example, the information on how open data access creates sustainable value for stakeholders is essential in explaining how financial data can be used to make decisions that increase value for businesses.

The article compares with other sources by providing similar arguments on the application of open data in businesses. Therefore, the article is a useful source in studying the value of economic data in decision-making because it will be used to create a foundation for the arguments about social and economic value generated from using financial data in decision-making. The article is also useful in the current study because it demonstrates the link between open data and social and economic value. For instance, the present study can focus on expanding the argument that financial data is essential in predicting the changes in the business environment leading to high social value for customers and economic value for businesses. Therefore, the article will be used to define social and economic value and explain the relationship between the two types of value and access to open data.

Safarov, I., Meijer, A., & Grimmelikhuijsen, S. (2017). Utilization of open government data: A systematic literature review of types, conditions, effects, and users. Information Polity, 22(1), 1–24. https://doi.org/10.3233/ip-160012

The article discusses the implementation of open government data in different sectors. The research question the study is attempting to answer is the conditions that influence the utilization of open data and the different users that use open government data. The researchers conducted their study by providing a detailed empirical review. The specific findings of the article indicate that most studies focus on the provisions of open government data rather than its use hence the need for additional research on the relationship between the type of uses of open government data and users, the relationship between the type of users and type of effect such as good governance benefits, economic and societal effects, the conditions that moderate the effects of government data and the link between the use of government data and its outcomes. Therefore, this article creates a gap that will be filled by researching the value of financial data in decision-making.

The source compares with other sources in the paper by acknowledging that open government data is essential in business decision-making. The authors’ argument that economic data is vital in helping organizations make better decisions, leading to the generation of new products and services, increased value, and reduced cost, creates a foundation for the discussion on the value of economic data in decision-making. Therefore, the article will be used to shape arguments relating to the areas where open government data can be used to make sound decisions. For example, the article will provide insight into whether open government data is essential in making market expansion, pricing, or product and service launch decisions.

Zimmermann, H.-D., & Pucihar, A. (2015). Open innovation, open data, and new business models. SSRN Electronic Journal, 1-9. https://doi.org/10.2139/ssrn.2660692

The article discusses the relationship between open data access and business innovation. The research question the study is attempting to answer is how open data business models can be used. The research approach used in the study includes an empirical review of literature relating to the application of open data in innovation and open data business models. The researchers then provide a case study illustrating examples of the application of open data business models in promoting business innovation. The researchers’ main findings indicate that open government data and the data generated by organizations complement each other. The findings also indicate that businesses can use open data to create more value that benefits customers. The findings indicate that more can be uncovered by reviewing the value of open data in the business environment.

The article compares with other sources by complementing the information in the sources. Therefore, the source is vital in studying the value of economic data in decision-making because it provides a guideline on the main topics that should be considered in examining the value of open data. The article is also useful in the current study because it provides information that supports arguments acknowledging the relationship between business success and economic data. For example, the argument that open data is valuable in increasing innovation acts as a guideline on what to consider in determining whether open data is valuable. As such, it can support the argument that open data is valuable because it helps businesses make decisions that promote innovation leading to business success. Therefore, the article will be used to get information on the role of open data in fostering innovation in businesses.

References

Hughes-Cromwick, E., & Coronado, J. (2019). The value of US government data to US business decisions. Journal of Economic Perspectives, 33(1), 131–146. https://doi.org/10.1257/jep.33.1.131

Safarov, I., Meijer, A., & Grimmelikhuijsen, S. (2017). Utilization of open government data: A systematic literature review of types, conditions, effects and users. Information Polity, 22(1), 1–24. https://doi.org/10.3233/ip-160012

Zimmermann, H.-D., & Pucihar, A. (2015). Open innovation, open data and new business models. SSRN Electronic Journal. https://doi.org/10.2139/

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Question

An annotated bibliography is a list of sources (books, journals, Web sites, periodicals, etc.) one has used for researching a topic (Annotated Bibliographies, 2020).
For all sources used in your Discussion, you should:
• Provide an APA formatted Citation (this should look like what you would include in a normal reference section.
• Summarize the source and discuss the research study that was conducted and what the findings were.
• Assess the source and discuss how useful it is and how it compares with other sources in your paper.
• Reflect on how the source will be useful to you in your discussion. How does it help to shape your argument and how are you using it to shape your writing?
Each annotation should look like this:

Annotated Bibliography-The Link Between Open Government Data and Business Intelligence

Author (year). Title of article. Title of Journal, Vol no(issue). Pg to pg.

In your summary, you will begin with a discussion of the research question the study is attempting to answer. You will summarize the research that was conducted and the specific findings that were uncovered. You will then provide a summary of what this means for the topic.
Next, you will discuss how the source compares with other sources in your paper and how useful is the source in attributing to your writing.
Finally, you will discuss how the source is useful in your discussion. You will need to be specific on why it is important to use and exactly how you will use it in your writing to shape your arguments.
*Do not use “I” in any of the annotations.
Note: Your assignment will be checked for originality via the Turnitin plagiarism tool.