Article: CHROMA: a maturity model for the information-driven decision-making process Journal: International Journal of Management and Decision Making (IJMDM) 2017 Vol.16 No.3 pp.224 - 242 Abstract: A novel maturity model for the information-driven decision-making process (DMP) in organisations is presented. The 'circumplex hierarchical representation of organisation maturity assessment' (CHROMA) model was developed for evaluating organisations regarding their competence and readiness in using information to support decisions. This model groups the most important informed decision factors into five dimensions data availability, data quality, data analysis and insights, information use and decision-making. The model addresses these dimensions in an organised and systematic way, providing a framework for characterising the organisation's use of information in DMPs from an uninitiated stage to a completely embedded one. This model was tested in a pilot study on three small/medium-sized enterprises. The assessment involves interviewing key company personnel and evaluating the attributes and dimensions of the CHROMA model. Results indicate that the model is useful for identifying strengths and weaknesses, thereby providing insights for prioritising improvement actions. Inderscience Publishers - linking academia, business and industry through research

Title: CHROMA: a maturity model for the information-driven decision-making process

Authors: Xileidys Parra; Xavier Tort-Martorell; Carmen Ruiz-Viñals; Fernando Álvarez-Gómez

Addresses: Departament d'Estadística i Investigació Operativa, Universitat Politècnica de Catalunya – BarcelonaTech, Barcelona, Spain ' Departament d'Estadística i Investigació Operativa, Universitat Politècnica de Catalunya – BarcelonaTech, Barcelona, Spain ' Business Management and Economy Department, Universitat Abat Oliba CEU, Barcelona, Spain ' Estudis d'Economia i Empresa, Universitat Oberta de Catalunya, Barcelona, Spain

Abstract: A novel maturity model for the information-driven decision-making process (DMP) in organisations is presented. The 'circumplex hierarchical representation of organisation maturity assessment' (CHROMA) model was developed for evaluating organisations regarding their competence and readiness in using information to support decisions. This model groups the most important informed decision factors into five dimensions data availability, data quality, data analysis and insights, information use and decision-making. The model addresses these dimensions in an organised and systematic way, providing a framework for characterising the organisation's use of information in DMPs from an uninitiated stage to a completely embedded one. This model was tested in a pilot study on three small/medium-sized enterprises. The assessment involves interviewing key company personnel and evaluating the attributes and dimensions of the CHROMA model. Results indicate that the model is useful for identifying strengths and weaknesses, thereby providing insights for prioritising improvement actions.

Keywords: maturity model; information-driven decision-making process; DPM; assessment tool; management; information systems.

DOI: 10.1504/IJMDM.2017.085633

International Journal of Management and Decision Making, 2017 Vol.16 No.3, pp.224 - 242

Received: 21 Dec 2016
Accepted: 28 Feb 2017
Published online: 03 Aug 2017 *

Full-text access for editors Access for subscribers Purchase this article Comment on this article

Title: CHROMA: a maturity model for the information-driven decision-making process

Keep up-to-date