EconPapers    
Economics at your fingertips  
 

BIG data – BIG gains? Understanding the link between big data analytics and innovation

Thomas Niebel, Fabienne Rasel and Steffen Viete

Economics of Innovation and New Technology, 2019, vol. 28, issue 3, 296-316

Abstract: This paper analyzes the relationship between firms' use of big data analytics and their innovative performance in terms of product innovations. Since big data technologies provide new data information practices, they create novel decision-making possibilities, which are widely believed to support firms' innovation process. Applying German firm-level data within a knowledge production function framework we find suggestive evidence that big data analytics is a relevant determinant for the likelihood of a firm becoming a product innovator as well as for the market success of product innovations. These results hold for the manufacturing as well as for the service sector but are contingent on firms' investment in IT-specific skills. Overall, the results support the view that big data analytics have the potential to enable innovation.

Date: 2019
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://hdl.handle.net/10.1080/10438599.2018.1493075 (text/html)
Access to full text is restricted to subscribers.

Related works:
Journal Article: BIG data – BIG gains? Understanding the link between big data analytics and innovation (2018) Downloads
Working Paper: BIG Data - BIG Gains? Understanding the Link Between Big Data Analytics and Innovation (2017) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:ecinnt:v:28:y:2019:i:3:p:296-316

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/GEIN20

DOI: 10.1080/10438599.2018.1493075

Access Statistics for this article

Economics of Innovation and New Technology is currently edited by Professor Cristiano Antonelli

More articles in Economics of Innovation and New Technology from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

 
Page updated 2020-03-29
Handle: RePEc:taf:ecinnt:v:28:y:2019:i:3:p:296-316