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Performance management in the data-driven oragnisation

Author

Listed:
  • Pugna Irina Bogdana

    (The Bucharest University of Economic Studies, Bucharest, Romania)

  • Dutescu Adriana

    (The Bucharest University of Economic Studies, Bucharest, Romania)

  • Stanila Georgiana Oana

    (The Bucharest University of Economic Studies, Bucharest, Romania)

Abstract

This paper investigates the challenges raised by the “datafication” of the business environment and its role in reshaping future managerial behavior. These challenges arise specifically from new drivers of performance improvement and strategic development, such as cloud computing, big data, and data analytics. We analyze the factors that significantly change the potential influence that information and information asymmetries (“insight”) - resulting from analyzing huge volumes of data - have on organizational competitive advantage. This paper develops a framework to strengthen the value of this insight in an organizational context, and identifies potential areas of future research. The study highlights the conceptual need for, and the role of, analytics as an essential component for deriving the enterprise’s value and performance - from both structured and unstructured data. It also advocates for repositioning knowledge and human expertise in the new data-driven organizational model. It highlights the need for an increasing role for human skills and judgments (“Big Knowledge”) as opposed to a “dictatorship” of data in the new quantified world.

Suggested Citation

  • Pugna Irina Bogdana & Dutescu Adriana & Stanila Georgiana Oana, 2018. "Performance management in the data-driven oragnisation," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 12(1), pages 816-828, May.
    • Handle: RePEc:vrs:poicbe:v:12:y:2018:i:1:p:816-828:n:73
    DOI: 10.2478/picbe-2018-0073
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    References listed on IDEAS

    as
    1. Dana-Maria BOLDEANU & Irina-Bogdana PUGNA, 2014. "The analysis of the influence factors affecting the performance of pharmaceutical companies," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(7(596)), pages 23-42, July.
    2. repec:agr:journl:v:7(596):y:2014:i:7(596):p:23-42 is not listed on IDEAS
    3. Adriana Dutescu & Adriana Florina Popa & Andreea Gabriela Ponorîca, 2014. "Sustainability of the Tourism Industry, Based on Financial Key Performance Indicators," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 16(Special 8), pages 1048-1048, August.
    Full references (including those not matched with items on IDEAS)

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