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Enterprise Computing Systems as Information Factories

Chandy, K. Mani and Tian, Lu and Zimmerman, Daniel M. (2006) Enterprise Computing Systems as Information Factories. In: 10th IEEE International Enterprise Distributed Object Computing Conference proceedings. IEEE International Enterprise Distributed Object Computing (EDOC) Conference. IEEE , Los Alamitos, CA, pp. 427-432. ISBN 0-7695-2558-X. https://resolver.caltech.edu/CaltechAUTHORS:20110214-130828975

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Abstract

The analysis, and eventual approval or rejection, of new enterprise information technology (IT) initiatives often proceeds on the basis of informal estimates of return on investment. Investment in new IT initiatives includes the costs of hardware, software licenses, application development tailored to the enterprise, and maintenance. Returns are typically estimated informally in terms of cost savings or revenue increases. This paper makes the case for evaluating certain IT investments in the same way as investments in factories and other resources have been evaluated for decades. Just as industrial factories create value by transforming raw materials into finished products, some IT investments, which we call “information factories”, create value by transforming raw information (events) into structured data (and possibly actions based on that data). The return on investment is estimated by the difference between the economic value of the structured data and concomitant actions (the “finished product”) and that of the data available within the enterprise, from its partners and customers, and from the Internet (the “raw materials”). This paper introduces the concept of the information factory, and explores design considerations for maximizing the economic efficiency of information factories.


Item Type:Book Section
Related URLs:
URLURL TypeDescription
http://dx.doi.org/10.1109/EDOC.2006.24 DOIUNSPECIFIED
http://ieeexplore.ieee.org/xpls/abs_all.jsp?arnumber=4031234PublisherUNSPECIFIED
Additional Information:© 2006 IEEE. Issue Date: Oct. 2006, Date of Current Version: 19 December 2006. The research described in this paper has been supported in part by the National Science Foundation under grant CCR-0312778, ITR: Information Infrastructures for Crisis Management, and by the Lee Center for Advanced Networking at Caltech.
Funders:
Funding AgencyGrant Number
NSFCCR-0312778
Information Infrastructures for Crisis (ITR)UNSPECIFIED
Caltech Lee Center for Advanced NetworkingUNSPECIFIED
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INSPEC Accession Number9297383
Series Name:IEEE International Enterprise Distributed Object Computing (EDOC) Conference
Record Number:CaltechAUTHORS:20110214-130828975
Persistent URL:https://resolver.caltech.edu/CaltechAUTHORS:20110214-130828975
Official Citation:K. Mani Chandy; Lu Tian; Daniel M. Zimmerman; , "Enterprise Computing Systems as Information Factories," Enterprise Distributed Object Computing Conference, 2006. EDOC '06. 10th IEEE International , vol., no., pp.427-432, Oct. 2006 doi: 10.1109/EDOC.2006.24 URL: http://ieeexplore.ieee.org/stamp/stamp.jsp?tp=&arnumber=4031234&isnumber=4031177
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:22175
Collection:CaltechAUTHORS
Deposited By: Benjamin Perez
Deposited On:14 Feb 2011 22:38
Last Modified:03 Oct 2019 02:35

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