Strategy for Data: Open it or Hack it?

Abstract: The open data ventures can be summarized in a way that companies are reluctant to share their data with anyone, whereas governments open their data for citizens, institutions, and businesses as much as they can. However, this principle is changing, since there is added value in the digital...

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Autores principales: Herala,Antti, Kokkola,Juho, Kasurinen,Jussi, Vanhala,Erno
Lenguaje:English
Publicado: Universidad de Talca 2019
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Acceso en línea:http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-18762019000200104
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spelling oai:scielo:S0718-187620190002001042019-12-17Strategy for Data: Open it or Hack it?Herala,AnttiKokkola,JuhoKasurinen,JussiVanhala,Erno Digital information Hackathons Open data Case study Business strategy Product development Information extraction Abstract: The open data ventures can be summarized in a way that companies are reluctant to share their data with anyone, whereas governments open their data for citizens, institutions, and businesses as much as they can. However, this principle is changing, since there is added value in the digital information and datasets the companies possess and they are slowly understanding the value of crowdsourcing. In order to engage external experts, companies are reluctant to open their data, but they are interested in hosting hackathons. Hackathons are seen as a valuable direction to engage developers with private data. In this article, we observed and analyzed different industry cases for strategies and opinions on how and why organizations arrange hackathon events to extract information from their data, and how this relates to the popular open data movement. Our results indicate that hackathons offer more control and practical solutions over the fundamental open data approach. It would seem that hackathons provide better inroads for the companies to monetize their datasets and information assets, while open data could bring more visibility to the brand.info:eu-repo/semantics/openAccessUniversidad de TalcaJournal of theoretical and applied electronic commerce research v.14 n.2 20192019-01-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-18762019000200104en10.4067/S0718-18762019000200104
institution Scielo Chile
collection Scielo Chile
language English
topic Digital information
Hackathons
Open data
Case study
Business strategy
Product development
Information extraction
spellingShingle Digital information
Hackathons
Open data
Case study
Business strategy
Product development
Information extraction
Herala,Antti
Kokkola,Juho
Kasurinen,Jussi
Vanhala,Erno
Strategy for Data: Open it or Hack it?
description Abstract: The open data ventures can be summarized in a way that companies are reluctant to share their data with anyone, whereas governments open their data for citizens, institutions, and businesses as much as they can. However, this principle is changing, since there is added value in the digital information and datasets the companies possess and they are slowly understanding the value of crowdsourcing. In order to engage external experts, companies are reluctant to open their data, but they are interested in hosting hackathons. Hackathons are seen as a valuable direction to engage developers with private data. In this article, we observed and analyzed different industry cases for strategies and opinions on how and why organizations arrange hackathon events to extract information from their data, and how this relates to the popular open data movement. Our results indicate that hackathons offer more control and practical solutions over the fundamental open data approach. It would seem that hackathons provide better inroads for the companies to monetize their datasets and information assets, while open data could bring more visibility to the brand.
author Herala,Antti
Kokkola,Juho
Kasurinen,Jussi
Vanhala,Erno
author_facet Herala,Antti
Kokkola,Juho
Kasurinen,Jussi
Vanhala,Erno
author_sort Herala,Antti
title Strategy for Data: Open it or Hack it?
title_short Strategy for Data: Open it or Hack it?
title_full Strategy for Data: Open it or Hack it?
title_fullStr Strategy for Data: Open it or Hack it?
title_full_unstemmed Strategy for Data: Open it or Hack it?
title_sort strategy for data: open it or hack it?
publisher Universidad de Talca
publishDate 2019
url http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-18762019000200104
work_keys_str_mv AT heralaantti strategyfordataopenitorhackit
AT kokkolajuho strategyfordataopenitorhackit
AT kasurinenjussi strategyfordataopenitorhackit
AT vanhalaerno strategyfordataopenitorhackit
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