business acumen

Understanding how technical decisions translate into measurable business outcomes and shaping product offerings accordingly; doing it involves identifying customer pain points, framing clear value propositions, estimating ROI and unit economics, prioritizing features by business impact, and communicating trade-offs to stakeholders.

businessacumen

12-Month Skill Trend

Momentum and market value over time
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+20 in 12 mo
96
12 mo agoNow
Career
Value
+$12K in 12 mo
$42K/year
12 mo agoNow

Recommended Survey Paper

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Must-Read Papers

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This study addresses the challenge of early-stage technology opportunity identification, where ambiguous user needs and the absence of systematic integration of end-user values often lead to misalignment between technological potential and market demands. To bridge this gap, the authors propose a novel decision-support framework that integrates Technology Readiness Levels (TRL) with Schwartz’s theory of basic human values—introducing, for the first time, human values into the process of technology opportunity recognition. The framework defines two key metrics: “value breadth” and “vision gap.” Through qualitative analysis combining expert and consumer workshops in a case study at Sony CSL, the research demonstrates that successful technologies resonate across a broader spectrum of human values, and that experts articulate richer value dimensions than consumers. These findings validate the framework’s capacity to enhance technology–market fit through a value-driven approach.

human valuesinnovation managementmarket relevance

Towards Understanding Decision Problems As a Goal of Visualization Design

Jul 24, 2025
LC
Lena Cibulski
🏛️ University of Rostock

Decision support in visualization research lacks systematic characterization of decision-context frameworks, and existing task models fail to guide design for real-world decision scenarios. Method: We propose a structured decision-problem analysis framework that, for the first time, decomposes decision problems into three core attributes—data, user, and task context—and explicitly articulates their constraints and implications for visual encoding and interaction design. Grounded in task-modeling principles and visualization design theory, we develop an operational feature-description system for decision problems and validate it through multi-case analysis. Contribution/Results: The framework addresses the critical gap in traditional task models—neglect of decision context—and provides the first systematic theoretical tool for decision-oriented visualization research. It reveals limitations in current design practices and identifies concrete pathways to enhance decision-support efficacy in authentic settings.

Characterizing decision problems via data, users, and contextImproving decision-support claims and visualization designUnderstanding decision problems in visualization design

A Framework for Data Valuation and Monetisation

Dec 08, 2025
EV
Eduardo Vyhmeister
🏛️ University College Cork | 1001 lakes | FIR e. V. an der RWTH Aachen

Organizations struggle to quantify the commercial value of data assets due to fragmented, siloed valuation approaches—divided across economic, governance, and strategic perspectives—and the absence of actionable mechanisms. This paper proposes an integrated data valuation framework that unifies these three perspectives using a Balanced Scorecard–inspired hybrid model. The framework combines qualitative scoring, cost-utility estimation, data quality indexing, and Analytic Network Process (ANP)-based multi-criteria weighting to enhance transparency and strategic alignment. Adopting a design science research methodology, it is iteratively refined through embedded industrial case studies. Empirical evaluation demonstrates that the framework significantly reduces subjectivity in valuation, improves the precision of mapping data assets to organizational strategic objectives, and supports diverse monetization pathways—including Data-as-a-Service (DaaS). It exhibits cross-industry applicability and robustness.

Aligns data valuation with organizational strategy to assess monetization potential across service pathways.Develops a hybrid model combining qualitative scoring, cost-utility estimation, and multi-criteria weighting.Integrates economic, governance, and strategic perspectives into a unified data valuation framework.

Market Basket Analysis Using Rule-Based Algorithms and Data Mining Techniques

Dec 24, 2024
MK
Marina Kholod
🏛️ Plekhanov Russian University of Economics

This study addresses the challenge of extracting business-interpretable item association rules from retail transaction data to support precision marketing, shelf-space optimization, and inventory management. To bridge the gap between statistical discoverability and operational actionability, we propose a novel rule filtering and prioritization framework that jointly considers statistical significance (via support, confidence, and lift) and managerial feasibility (through domain-specific semantic mapping). Our method integrates Apriori and FP-Growth algorithms, incorporates a three-dimensional rule evaluation scheme, and enables interactive rule visualization. Evaluated on a real-world supermarket dataset, the framework identified 327 high-value, actionable association rules. Deployment yielded an 18.6% increase in cross-buying rate and a 22.3% improvement in promotional response rate, empirically validating its practical effectiveness and scalability for retail analytics.

Market Basket AnalysisOperational EfficiencyPromotion Effectiveness

Beyond Visualization: Building Decision Intelligence Through Iterative Dashboard Refinement

Oct 31, 2025
LT
Likitha Tadakala
🏛️ Actual Reality Technologies

Contemporary BI dashboards lack a structured, iterative optimization framework, hindering their evolution from exploratory tools to robust decision-support systems. Method: This study proposes a feedback-driven, gap-analysis–informed four-stage iterative methodology, integrating a six-element data narrative framework—encompassing goals, context, insights, evidence, actions, and impact—and implements it in Power BI via DAX metric optimization and collaborative peer review. Contribution/Results: The framework demonstrably enhances narrative coherence and explanatory power. Empirical application uncovered critical issues: significantly lower gross margin for furniture (6.94% vs. 13.99% for technology), profitability erosion beyond a 20% discount threshold, and $1.35M in unrecovered freight costs—substantially improving decision accuracy. This work makes the first contribution of embedding structured narrative design directly into the BI dashboard iteration lifecycle, yielding a reusable, methodologically grounded framework.

Addressing profitability decline using sales data across multiple marketsConverting exploratory visuals into decision-support tools through gap analysisDeveloping iterative refinement framework for business intelligence dashboards

Latest Papers

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This work addresses the limitations of conventional experimental evaluation methods, which treat multiple metrics in isolation, ignore their interdependencies, and rely on subjective judgments when objectives conflict—hindering scalability. To overcome these challenges, the authors propose the first framework that integrates Bayesian decision theory with hierarchical priors. By designing a custom loss function that incorporates business preferences alongside observed evidence, and leveraging historical experiment data to construct informative priors, the approach enables automated and systematic trade-offs among multiple objectives. Evaluated on both real-world and simulated supply chain experiments at Amazon, the method significantly improves estimation efficiency, streamlines complex decision-making processes, and transcends the constraints of traditional hypothesis testing.

decision-makingmultiple objectivesrandomized controlled experiments

This study addresses the challenge of transforming stakeholder requirements into product requirements in software-driven automotive systems. Leveraging a dataset of 8,082 stakeholder requirements and 5,870 product requirements provided by Infineon, the research employs a hybrid methodology integrating structural statistics, decision modeling, traceability mining, textual analysis, and hardware-software linkage to systematically analyze the requirement refinement process. It reveals, for the first time, that requirement complexity primarily stems from ambiguous architectural scope and missing contextual information rather than linguistic redundancy. The work establishes a classification framework for mapping stakeholder to product requirements, identifies systematic differences across abstraction levels, and proposes key improvements in requirement validation, deviation management, and contextual tooling to support efficient and reusable automotive development.

automotive industryproduct requirementsrequirement engineering

This study addresses the limitations of traditional B2B customer segmentation approaches, such as the RFM model, which rely on singular metrics and struggle to capture the complexity and dynamics of business interactions. To overcome this, the authors propose a dynamic, multi-criteria segmentation framework that extends RFM by incorporating stability and growth dimensions. The framework aligns with strategic business objectives through an adaptive Analytic Hierarchy Process (AHP) and integrates multivariate time series clustering with a graph consensus model to enable temporal segmentation. Evaluated on data from over 3,000 manufacturing enterprises, the approach demonstrates strong temporal robustness and significantly enhances the precision of customer strategy formulation through preference-driven dynamic clustering.

B2B manufacturingcustomer segmentationdynamic segmentation

This study addresses the persistent challenges faced by User Experience Research (UXR) teams—namely, stakeholder bias, reactive engagement, and fragmented insights—that hinder their ability to exert strategic influence. To overcome these limitations, the authors innovatively integrate structured strategic thinking into UXR function development, proposing an organizational maturity model grounded in a UXR Point-of-View (POV) framework. Complementing this model is a practical playbook that combines “offensive” and “defensive” strategies to guide implementation. This integrated approach systematically enables UXR teams to transition from tactical execution to strategic impact, significantly enhancing their capacity to forge strategic partnerships, generate actionable insights, and contribute meaningfully to long-term corporate strategy formulation.

institutional barriersresearch function maturitystakeholder bias

This work addresses the challenges of low quality and poor transparency in build-or-buy decisions within enterprise software development, which often stem from reliance on unstructured experiential knowledge. To overcome these limitations—particularly in cold-start scenarios lacking historical data—the authors propose a structured approach that integrates a decision-factor ontology, rule-based reasoning, and reference-class matching. This method enables transparent, auditable evaluation of alternatives and represents the first application of combined ontology modeling and rule reasoning to build-or-buy decision-making. By revealing critical decision thresholds and supporting traceability, the approach enhances the rationality, transparency, and auditability of choices. Its practical efficacy is demonstrated through a lightweight tool validated in a financial industry case study, showing significant improvements in decision quality.

build-vs-buydecision supportenterprise software

Hot Scholars

TJ

Tim J. Boonen

University of Hong Kong
Actuarial sciencemathematical economicsmathematical finance
JL

Jinzhi Lu

Associate professor at BUAA
modeling,systems engineering,model-based systems engineering,MBSE enterprise transitioning,CPS
AV

Andrea Visentin

Associate Professor, School of Computer Science & IT, University College Cork
FK

Fatih Kansoy

University of Oxford
Central Bank CommunicationMonetary PolicyText Mining
MR

Marek Rutkowski

The University of Sydney
Mathematical FinanceStochastic Processes