Big Data: Information Technology and Economics

In today’s economy, information technology (IT) has enabled firms to gather and share extremely detailed information from suppliers, consumers, partners as well as competitors. As a consequence “big data” has emerged as the next frontier for innovation, competition and productivity in a wide range of industries. There are numerous aspects of big data such as data driven decision-making, the use of extremely detailed information and IT innovations in business and society that are sufficiently unique to warrant new research that improves our understanding of their economics.