The Value of Shared Information Services

In this paper, we analyze the value of shared information services, both when they are operated by their members and when they are implemented by a monopoly provider. The value of information is defined as the compensating variation in price that makes a risk-averse agent indifferent between procuring an informative signal or not. We provide investment sharing rules that implement an individually rational Nash bargaining solution and compare this to the situation in which a nonscreening monopolist maximizes profits. We find that any efficient price schedule for information should take into account (1) the agentís confidence in the signal, (2) the project risk, (3) the agentís risk aversion, as well as (4) her wealth and the mean return if at least one of them is quite small. Interestingly, in a cooperative bargaining situation an agentís investment share may either increase or decrease when risk aversion goes up, depending on whether demand for information decreases faster than implicit bargaining power relative to the other agents or vice versa. We further show that even for CARA utilities, there are important wealth effects. Our results, including the definition of a critical Nash network size, provide a benchmark for the value of information that is shared by a group of agents for use in their respective projects and not employed strategically against each other

E-finance-lab at the House of Finance : about us

The financial services industry is believed to be on the verge of a dramatic [r]evolution. A substantial redesign of its value chains aimed at reducing costs, providing more efficient and flexible services and enabling new products and revenue streams is imminent. But there seems to be no clear migration path nor goal which can cast light on the question where the finance industry and its various players will be and should be in a decade from now. The mission of the E-Finance Lab is the development and application of research methodologies in the financial industry that promote and assess how business strategies and structures are shared and supported by strategies and structures of information systems. Important challenges include the design of smart production infrastructures, the development and evaluation of advantageous sourcing strategies and smart selling concepts to enable new revenue streams for financial service providers in the future. Overall, our goal is to contribute methods and views to the realignment of the E-Finance value chain. ..

HILT : High-Level Thesaurus Project. Phase IV and Embedding Project Extension : Final Report

Ensuring that Higher Education (HE) and Further Education (FE) users of the JISC IE can find appropriate learning, research and information resources by subject search and browse in an environment where most national and institutional service providers - usually for very good local reasons - use different subject schemes to describe their resources is a major challenge facing the JISC domain (and, indeed, other domains beyond JISC). Encouraging the use of standard terminologies in some services (institutional repositories, for example) is a related challenge. Under the auspices of the HILT project, JISC has been investigating mechanisms to assist the community with this problem through a JISC Shared Infrastructure Service that would help optimise the value obtained from expenditure on content and services by facilitating subject-search-based resource sharing to benefit users in the learning and research communities. The project has been through a number of phases, with work from earlier phases reported, both in published work elsewhere, and in project reports (see the project website: http://hilt.cdlr.strath.ac.uk/). HILT Phase IV had two elements - the core project, whose focus was 'to research, investigate and develop pilot solutions for problems pertaining to cross-searching multi-subject scheme information environments, as well as providing a variety of other terminological searching aids', and a short extension to encompass the pilot embedding of routines to interact with HILT M2M services in the user interfaces of various information services serving the JISC community. Both elements contributed to the developments summarised in this report

Pragmatic interoperability in the enterprise : a research agenda

Eective collaboration among today's enterprises is indispensable. Such collaborative synergy is important to foster the creation of innovative value-added products and services that would have otherwise been dicult to achieve if enterprises work in isolation. However, it is a widely held belief that interoperability problems have been one of the perennial hurdles in achieving such collaboration. This research aims to improve the current state of the art in enterprise interoperability research by zeroing in on the notion of pragmatic interoperability(PI). When enterprise systems collaborate by exchanging information, PI goes beyond the compatibility between the structure and the meaning of shared information, it further ensures that the intended eect of the message exchange is realized. This paper outlines our research agenda to address the analysis, design, development and evaluation of a pragmatically interoperable solution for enterprise collaboration

Applying Semantic Web Technologies to Medieval Manuscript Research

Medieval manuscript research is a complex, fragmented, multilingual field of knowledge, which is difficult to navigate, analyse and exploit. Though printed sources are still of great importance and value to researchers, there are now many services on the Web, some commercial and many in the public domain. At present, these services have to be consulted separately and individually. They employ a range of different descriptive standards and vocabularies, and use a variety of technologies to make their information available on the Web. This chapter proposes a new approach to organizing the international collaborative infrastructure for interlinking knowledge and research about medieval European manuscripts, based on technologies associated with the Semantic Web and the Linked Data movement. This collaborative infrastructure will be an open space on the Web where information about medieval manuscripts can be shared, stored, exchanged and updated for research purposes. It will be possible to ask large-scale research questions across the virtual global manuscript collection, in a quicker and more effective way than has ever been feasible in the past. The proposed infrastructure will focus on building links between data and will provide the basis for new kinds of services which exploit these data. It will not aim to impose a single metadata standard on existing manuscript services, but will build on existing databases and vocabularies. The article describes the architecture, services and data which will comprise this infrastructure, and discusses strategies for making th challenging and exciting goal a reality

Study of the Relationship among Mobile Payment (Fintech), Creating Shared Value, and Corporate Reputation: Evidence in Korea, US, and China

Mobile Payment (Fintech), the combination of finance and technology, is creating a global boom in information technology (IT)-based financial services. In this study, two new factors including creating shared value (CSV), and corporate reputation was investigated. A large-scale survey was conducted in South Korea, the United States, and China for three months with those who have used mobile payment services, which represent the largest proportion of global fintech services. Our research findings show that “security and assurance” had an affirmative effect on user satisfaction. Fintech users’ satisfaction was found to affect positively the “economic value” and “social value” attributes of fintech CSV. The result clearly explains the importance of securing product/service competitiveness — the original mission of companie

Services Marketing: Challenges and Strategies

A service system is dynamic configuration of people technology organization and shared information that creates and delivers value between the provider and the customer through service. Service is any act or performance that one party offers to another that is essentially intangible and does not result in any ownership. Today almost every service organization is facing the marketing challenges in business environment due to the basic characteristics of services. This paper focuses on the concepts of services marketing in broad manner and identifies the major challenges of services marketing in today’s global market place

Cultural Practices Shaping Zoonotic Diseases Surveillance: The Case of Highly Pathogenic Avian Influenza and Thailand Native Chicken Farmers

Effectiveness of current passive zoonotic disease surveillance systems is limited by the under-reporting of disease outbreaks in the domestic animal population. Evaluating the acceptability of passive surveillance and its economic, social and cultural determinants appears a critical step for improving it. A participatory rural appraisal was implemented in a rural subdistrict of Thailand. Focus group interviews were used to identify sanitary risks perceived by native chicken farmers and describe the structure of their value chain. Qualitative individual interviews with a large diversity of actors enabled to identify perceived costs and benefits associated with the reporting of HPAI suspicions to sanitary authorities. Besides, flows of information on HPAI suspected cases were assessed using network analysis, based on data collected through individual questionnaires. Results show that the presence of cockfighting activities in the area negatively affected the willingness of all chicken farmers and other actors to report suspected HPAI cases. The high financial and affective value of fighting cocks contradicted the HPAI control policy based on mass culling. However, the importance of product quality in the native chicken meat value chain and the free veterinary services and products delivered by veterinary officers had a positive impact on suspected case reporting. Besides, cockfighting practitioners had a significantly higher centrality than other actors in the information network and they facilitated the spatial diffusion of information. Social ties built in cockfighting activities and the shared purpose of protecting valuable cocks were at the basis of the diffusion of information and the informal collective management of diseases. Building bridges with this informal network would greatly improve the effectiveness of passive surveillance