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Unlocking Hidden Value: A Framework for Transforming Dark Data in Organizational Decision-Making

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  • Leogrande, Angelo

Abstract

In today’s data-driven world, organizations generate and collect vast amounts of information, yet not all data is managed or utilized with the same degree of efficiency and purpose. This paper investigates the taxonomy and distinctions among white data, grey data, and dark data, offering a comprehensive analytical framework to better understand their characteristics, value, and implications. White data refers to structured, accessible, and actively managed information that supports strategic decision-making and operational processes. In contrast, grey data occupies an intermediate space, representing semi-structured or unstructured data that, while not fully optimized, holds potential value when properly integrated into organizational practices. Lastly, dark data comprises the large quantities of information that remain unexploited, often due to a lack of resources, awareness, or technology. By mapping these categories, this paper aims to highlight the importance of a systematic approach in managing diverse data types, underscoring both the risks and opportunities associated with each. The study ultimately provides practical insights and recommendations for organizations seeking to maximize the value of their data assets through effective taxonomy and governance strategies.

Suggested Citation

  • Leogrande, Angelo, 2024. "Unlocking Hidden Value: A Framework for Transforming Dark Data in Organizational Decision-Making," MPRA Paper 122776, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:122776
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    Keywords

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    JEL classification:

    • C80 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - General
    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
    • C87 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Econometric Software

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