"Big Data," "Digital Transformation," "Industry 4.0" are terms commonly used in business, science, and politics to describe the fundamental changes that integrated information processing brings to our lives and society. Two aspects are characteristics for this development: On the one hand, the amount of data that is accessible for machine processing in digital form increases considerably. Based on this, the development and application of methods of automated data analysis allow more accurate predictions and better decisions, as well as analyzes with a high degree of customization, which, for example, enable the development of highly personalized products and services. On the other hand, the technical integration of processes allows more complex, faster and more closely interlinked processes between many participants in value chains and a greater spatial distribution of the actors. In general, digitization will influence companies, their business models and value-adding processes as well as the working world as a whole. These are complex interactions between technical, economic and social aspects that can only be understood by considering these three spheres simultaneously.
With the research focus "Digitization and Business Analytics", the Department of Economics and Management picks up on these developments and contributes to the described changes in an analytical as well as a formative way. On the one hand theories, concepts and methods are developed and applied to better understand and support the digital transformation of organizations and to design integrated business processes based on digital services. On the other hand the new possibilities resulting from digitization are taken into account by developing and applying concepts and methods for intelligent data analysis and decision support across all business functional areas.