Management & E-Commerce

  INTRODUCTION

  A

 summarized

 critical

 and

 analytical

 review

 is

 presented

 here

 on

 the

 topic

 of

 the

  network

 economy.

 The

 2

 extensive

 reports

 taken

 into

 consideration

 are

 from

  the

 respected

 Mckinsey

 Global

 Institute

 and

 are

 titled:

  1. Big

 data:

 The

 next

 frontier

 for

 innovation,

 competition

 and

 productivity

  2. The

 social

 economy:

 Unlocking

 the

 value

 and

 productivity

 through

 social

  technologies.

  The

 official

 summaries

 of

 these

 extensive

 reports

 will

 accompany

 this

 review.

  What

 did

 these

 reviews

 cover?

  • The

 extent

 of

 global

 data:

 definitions,

 organisational,

 industries

  • The

 mediums

 utilised:

 Websites,

 purpose

 built,

 Social

 media

  • Potential

 growth

 and

 value

 creation?

  • The

 various

 technologies

 and

 techniques?

  • The

 implications

 for

 organisations

 its

 leaders,

 management

 and

 policy

  makers?

  Purpose

 of

 review

  • To

 align

 material

 with

 learning’s

  • To

 highlight

 critical

 factors

 for

 considerations

  • To

 add

 additional

 views

 on

 what

 has

 been

 presented

  • To

 give

 opinion

 on

 outstanding

 factors

 which

 may

 require

 further

  addressing

  Big

 data:

 The

 next

 frontier

 for

 Innovation,

 competition

 and

 productivity

  BASIS

 FOR

 SELECTION:

  This

 report

 seemed

 to

 address

 the

 bigger

 picture

 (Global

 data)

 that

 is

 important

  to

 be

 aware...