Digitalisation, anti-rival compensation and governance: Need for experiments

Pekka Nikander; Ville Eloranta; Kimmo Karhu; Kari Hiekkanen

Abstrakti

Digitalisation brings forth data and information as major factors of success, redefining business models, changing operational structures, and necessitating strategic change. In the majority of current literature, these changes are assumed to take place within the current economic structures, defined by the prevailing legislation and treaties. However, at the same time some scholars have argued that digitalisation will lead to more fundamental changes, affecting the underlying structures of business in the longer term, in the form of shifting norms, laws, and international treaties.

In this extended abstract, we consider these potential longer term effects, focusing on the so-called anti-rivalry of data, or its negative subtractability, and its consequences. We briefly explore the untypical supply curve for digital products and discuss why their price cannot be based on open market valuation. In particular, we argue that if the subtractability of data and information is indeed negative, as it seems to be, then we may need to invent structurally new governance and compensation structures in order to efficiently clear the data and information markets.

Alkuperäiskieli	Englanti
Sivumäärä	6
Tila	Julkaistu - 6 helmikuuta 2020
OKM-julkaisutyyppi	Ei oikeutettu
Tapahtuma	Nordic Workshop on Digital Foundations of Business, Operations, and Strategy - Aalto University, Espoo, Suomi Kesto: 6 helmikuuta 2020 → 7 helmikuuta 2020 Konferenssinumero: 2 https://www.aalto.fi/en/events/2nd-nordic-workshop-on-digital-foundations-of-business-operations-and-strategy-dbos

Workshop

Workshop	Nordic Workshop on Digital Foundations of Business, Operations, and Strategy
Lyhennettä	DBoS
Maa	Suomi
Kaupunki	Espoo
Ajanjakso	06/02/2020 → 07/02/2020
www-osoite	https://www.aalto.fi/en/events/2nd-nordic-workshop-on-digital-foundations-of-business-operations-and-strategy-dbos

Pääsy asiakirjaan

Nikander et al 2nd DBOS

Sormenjälki Sukella tutkimusaiheisiin 'Digitalisation, anti-rival compensation and governance: Need for experiments'. Ne muodostavat yhdessä ainutlaatuisen sormenjäljen.

Siteeraa tätä

Nikander, P., Eloranta, V., Karhu, K., & Hiekkanen, K. (2020). Digitalisation, anti-rival compensation and governance: Need for experiments. Abstraktin lähde: Nordic Workshop on Digital Foundations of Business, Operations, and Strategy, Espoo, Suomi.

@conference{4408557e12654d3baf06dd14d5ece010,

title = "Digitalisation, anti-rival compensation and governance: Need for experiments",

abstract = "Digitalisation brings forth data and information as major factors of success, redefining business models, changing operational structures, and necessitating strategic change. In the majority of current literature, these changes are assumed to take place within the current economic structures, defined by the prevailing legislation and treaties. However, at the same time some scholars have argued that digitalisation will lead to more fundamental changes, affecting the underlying structures of business in the longer term, in the form of shifting norms, laws, and international treaties.In this extended abstract, we consider these potential longer term effects, focusing on the so-called anti-rivalry of data, or its negative subtractability, and its consequences. We briefly explore the untypical supply curve for digital products and discuss why their price cannot be based on open market valuation. In particular, we argue that if the subtractability of data and information is indeed negative, as it seems to be, then we may need to invent structurally new governance and compensation structures in order to efficiently clear the data and information markets.",

author = "Pekka Nikander and Ville Eloranta and Kimmo Karhu and Kari Hiekkanen",

year = "2020",

month = "2",

day = "6",

language = "English",

note = "Nordic Workshop on Digital Foundations of Business, Operations, and Strategy, DBoS ; Conference date: 06-02-2020 Through 07-02-2020",

url = "https://www.aalto.fi/en/events/2nd-nordic-workshop-on-digital-foundations-of-business-operations-and-strategy-dbos",

}

TY - CONF

T1 - Digitalisation, anti-rival compensation and governance: Need for experiments

AU - Nikander, Pekka

AU - Eloranta, Ville

AU - Karhu, Kimmo

AU - Hiekkanen, Kari

PY - 2020/2/6

Y1 - 2020/2/6

N2 - Digitalisation brings forth data and information as major factors of success, redefining business models, changing operational structures, and necessitating strategic change. In the majority of current literature, these changes are assumed to take place within the current economic structures, defined by the prevailing legislation and treaties. However, at the same time some scholars have argued that digitalisation will lead to more fundamental changes, affecting the underlying structures of business in the longer term, in the form of shifting norms, laws, and international treaties.In this extended abstract, we consider these potential longer term effects, focusing on the so-called anti-rivalry of data, or its negative subtractability, and its consequences. We briefly explore the untypical supply curve for digital products and discuss why their price cannot be based on open market valuation. In particular, we argue that if the subtractability of data and information is indeed negative, as it seems to be, then we may need to invent structurally new governance and compensation structures in order to efficiently clear the data and information markets.

AB - Digitalisation brings forth data and information as major factors of success, redefining business models, changing operational structures, and necessitating strategic change. In the majority of current literature, these changes are assumed to take place within the current economic structures, defined by the prevailing legislation and treaties. However, at the same time some scholars have argued that digitalisation will lead to more fundamental changes, affecting the underlying structures of business in the longer term, in the form of shifting norms, laws, and international treaties.In this extended abstract, we consider these potential longer term effects, focusing on the so-called anti-rivalry of data, or its negative subtractability, and its consequences. We briefly explore the untypical supply curve for digital products and discuss why their price cannot be based on open market valuation. In particular, we argue that if the subtractability of data and information is indeed negative, as it seems to be, then we may need to invent structurally new governance and compensation structures in order to efficiently clear the data and information markets.

M3 - Abstract

ER -