Big data and risk management in business processes: implications for corporate real estate

Abstract

Purpose The purpose of this paper is to improve understanding of the integration between big data (BD) and risk management (RM) in business processes (BPs), with special reference to corporate real estate (CRE). Design/methodology/approach This conceptual study follows, methodologically, the structuring inter-textual coherence process – specifically, the synthesised coherence tactical approach. It draws heavily on theoretical evidence published, mainly, in the corporate finance and the business management literature. Findings A new conceptual framework is presented for CRE to proactively develop insights into the potential benefits of using BD as a business strategy/instrument. The approach was found to strengthen decision-making processes and encourage better RM – with significant consequences, in particular, for business process management (BPM). Specifically, by recognising the potential uses of BD, it is also possible to redefine the processes with advantages in terms of RM. Originality/value This study contributes to the literature in the fields of real estate, RM, BPM and digital transformation. To the best knowledge of authors, although the literature has examined the concepts of BD, RM and BP, no prior studies have comprehensively examined these three elements and their conjoint contribution to CRE. In particular, the study highlights how the automation of data-intensive activities and the analysis of such data (in both structured and unstructured forms), as a means of supporting decision making, can lead to better efficiency in RM and optimisation of processes.

Exploring applicability, interoperability and integrability of Blockchain-based digital twins for asset life cycle management

“…Battisti et al (2019) elaborate that asset managers ought to incorporate the technological ecosystem into their strategic business management planning practice due to gainable market intelligence and possibility to enhance information management. Using IoT while storing the sensor data on a blockchain in a digital twin is found to contribute to improved asset management practice and appears to be applicable to all phases of an asset's life cycle.…”

Non-financial reporting and company financial performance: a systematic literature review and integrated framework

“…Locke and Golden-Biddle (1997) identify synthesised, progressive and non-coherence as the three available strategies for textual coherence. Synthesised coherence (Dittrich et al , 2015; Battisti et al , 2019a, b) was used in this study to draw attention to the underdeveloped research areas in the fields by making connections between the works. Theoretical evidence from articles published in mainly corporate finance and management journals were used to conceptualise the aspects used in the study.…”

“…Lopez-Moralez, 2018; Vrontis and Christofi, 2021; Vrontis et al , 2021). The SLR allows for the identification of gaps in the literature, providing a framework for the positioning of the research and to allow for synthesis within the research area (Transfield et al , 2003; Okoli, 2015; Vrontis and Christofi, 2021) and has been used by various authors in the business and management fields (Lopez-Moralez, 2018; Battisti et al , 2019a, b; Rosado-Pinto and Loureiro, 2020). The SLR is neither a meta-analysis nor an in-depth analysis of available literature (Lopez-Moralez, 2018; Battisti et al , 2019a, b).…”

“…The SLR allows for the identification of gaps in the literature, providing a framework for the positioning of the research and to allow for synthesis within the research area (Transfield et al , 2003; Okoli, 2015; Vrontis and Christofi, 2021) and has been used by various authors in the business and management fields (Lopez-Moralez, 2018; Battisti et al , 2019a, b; Rosado-Pinto and Loureiro, 2020). The SLR is neither a meta-analysis nor an in-depth analysis of available literature (Lopez-Moralez, 2018; Battisti et al , 2019a, b). The SLR is used to ensure replicability of the study and to improve the transparency of the study (Christofi et al , 2021; Dezi et al , 2018) and to identify different aspects of non-financial reporting that may influence the financial performance of companies.…”

Guest Editorial

“…On the other hand, the prospective implication of smart technologies for sustainable business model (SBM) development is also largely an unexplored area. For example, SBM incorporates a triple bottom line approach to contribute to a wide range of stakeholders, including economy, environment and society (Bocken et al , 2014; Wu et al , 2018; Battisti et al , 2019). However, indicating to the significant research gaps on the antecedent role of smart technology for SBM, Wu et al (2018) argue that “there are essential and urgent needs to raise the awareness and call for attentions on how to innovate and energize (smart) ICTs (information and communication technologies) in order to best assist all nations to achieve the SDGs (sustainable development goals)” (p. 1), related to economic, environmental and societal welfare as the triple bottom lines of a SBM.…”