Type and Duration
PhD-Thesis, February 2013 until October 2015 (finished)Coordinator
Hilti Chair of Business Process ManagementMain Research
Business Process ManagementField of Research
Process ManagementDescription
Recent technological developments in the IT sector enable new possibilities for business process management. On the one hand, technologies such as ubiquitous computing and sensor networks allow capturing real-world data in real-time. On the other hand, innovations such as in-memory technology enable an increased information processing capability, i.e. high-performance computing.Ubiquitous computing aims to leverage real-time technologies to collect real-world data for constantly capturing the status and environment of a process in a structured way. However, many other sources and types of unstructured data such as texts, images, audio, and video also contain valuable information for better decision making. Researchers and practitioners have labeled the approach of continuously harvesting vast amounts of structured and unstructured data in an integrated fashion as Big Data.
Another recent innovation enables an increased information processing capability by the usage of in-memory technology, which, e.g., enables a performance increase by a factor of 100.000 compared to traditional database management systems. This approach allows an analysis of Big Data in a timely manner, enables real-time control of business processes, and opens the gate for new applications to be developed.
While the new technology for enabling real-time and high-performance computing is available, the business value created through these technologies has not been analyzed in detail yet and, therefore, are the objective of this study.
Reference to Liechtenstein
The dissertation topic is of high relevance to regional companies, so the project work is conducted in close cooperation with several companies in Liechtenstein. The results will be made available to the regional industry in regular workshops and round table meetings.Keywords
Business Value, Big Data, In-Memory, Real-Time, Innovation
