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Assessing Technology Success and Failure Using Information Value Chain Theory.

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Information value chain theory offers a clear method for evaluating information systems. This approach analyzes benefits and costs across the entire chain, aiding in technology selection for various clinical settings.

Keywords:
EvaluationInformation technologyUtilityValue of information

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Area of Science:

  • Information Science
  • Health Informatics
  • Decision Analysis

Background:

  • Information systems are crucial in healthcare, but evaluating their success and cost-effectiveness can be complex.
  • Existing evaluation methods may not fully capture the nuanced benefits and costs across the entire lifecycle of information technology.

Purpose of the Study:

  • To present Information Value Chain Theory as a framework for information system evaluation and design.
  • To demonstrate how this theory can be applied to assess the value and suitability of different information technologies in clinical contexts.

Main Methods:

  • The study outlines Information Value Chain Theory, which dissects benefits and costs from user interaction to real-world outcomes.
  • It incorporates decision-theoretic measures like probabilities and utilities to profile technologies.
  • Value chain analysis is employed for comparative assessments.

Main Results:

  • The Information Value Chain framework provides a structured method for analyzing information system benefits and costs.
  • It facilitates the creation of technology profiles using probabilistic and utility-based measures.
  • The analysis helps identify reasons for implementation success or failure.

Conclusions:

  • Information Value Chain Theory offers a robust approach to information system evaluation and design.
  • It enables comparative assessments of different technological solutions for specific clinical environments.
  • This framework aids in understanding technology adoption drivers and optimizing clinical information systems.