TY - JOUR U1 - Zeitschriftenartikel, wissenschaftlich - begutachtet (reviewed) A1 - Mosig, Tim A1 - Lehmann, Claudia A1 - Neyer, Anne-Katrin T1 - Data-driven business model innovation BT - about barriers and new perspectives JF - International Journal of Innovation and Technology Management N2 - Today, data are increasing in importance for firms trying to create and maintain a competitive advantage. As value creation is highly dependent on this key resource, data, the necessity of re-designing firms’ business models arises. By conducting and analyzing 58 in-depth interviews, we contribute a distinct set of barriers to data-driven business model innovation showing how data-related, technology-related, aversions and regulatory hurdles are the most challenging. Based on six focus groups that discussed these findings, participants identified the necessity for a change in companies’ firm-centered perspectives on business. Hence, we propose a model of data-driven business ecosystems that aims to provide guidance for conducting successful business in a data-driven world. KW - Data-driven business model innovation KW - Open innovation KW - Business ecosystems Y1 - 2021 SN - 0219-8770 SS - 0219-8770 U6 - https://doi.org/10.1142/S0219877020400179 DO - https://doi.org/10.1142/S0219877020400179 VL - 18 IS - 2 SP - 2040017 S1 - 2040017 ER -