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Data Rich – But Information Poor

Abstract : The article describes the missing link between the information type and quality required by the process of decision making and the knowledge provided using the recent developments of ‘big data’ technologies, with emphasis on management and control in systems of systems and collaborative networks. Using known theories of decision making, the article exposes a gap in present technology arising from the disparity between the large amount of patterns that can be identified in available data using data analytics, and the lack of technology that is able to provide a narrative that is necessary for timely and effective decision making. The conclusion is that a second level of situated logic is necessary for the efficient use of data analytics, so as to effectively support the dynamic configuration and reconfiguration of systems of systems for resilience, efficiency and other desired systemic properties.
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Submitted on : Wednesday, January 3, 2018 - 5:22:27 PM
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Peter Bernus, Ovidiu Noran. Data Rich – But Information Poor. 18th Working Conference on Virtual Enterprises (PROVE), Sep 2017, Vicenza, Italy. pp.206-214, ⟨10.1007/978-3-319-65151-4_20⟩. ⟨hal-01674903⟩

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