What is the influence or Big Data and Analytics on Management Control System
Keywords
Loading...
Authors
Issue Date
2017-08-31
Language
en
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
The advancement of information technologies changes not only people’s lives but also the way businesses operate and control their businesses. Big Data is a new technology that has been implemented by many organizations to improve their existing businesses and also to create new business opportunities as well. The purpose of this study was to obtain insights concerning the influence of Big Data on Management Control Systems of an organization and provide empirical evidence regarding its influences.
By using data and data analytics to gain new insights, organizations are able to improve customer management, supply chain management, and risk management. Therefore, the introduction of the data technologies somehow influenced the MCSs of these organizations. The organizations in this study are not fully data-driven organizations yet because being data-driven is not only to draw data from a variety of internal and external sources but also be able to blend that data in an analytics engine and distill it down to actionable insights. Until that happens it is difficult to see the full impact of Big Data on MCSs.
In sum, the results of the study indicated that the implementation of data technology has changed how these organizations operate, however, only minor effects were found regarding its influence on existing management control systems of these organizations.
Description
Citation
Supervisor
Faculty
Faculteit der Managementwetenschappen