Here’s a breakdown of the key points:

  1. SPED Taxonomy:
    • Sense: Involves understanding and perceiving the meaning or interpretation of a situation.
    • Predictions: Involves foreseeing future events or outcomes based on available information.
    • Evaluations: Involves assessing strengths, weaknesses, opportunities, and threats (SWOT analysis is given as an example).
    • Decisions: Involves making choices or decisions based on the sense of a situation, predictions, and evaluations.
  2. Interconnectedness of SPED Components:
    • One SPED component can contribute to the production of another. For example, a decision may be based on the sense of a situation, predictions about possible actions, and evaluations of potential outcomes.
  3. Analytics Benefits and the PAIR Model:
    • PAIR Model: Productivity, Agility, Innovation, and Reputation are identified as the primary avenues through which knowledge management initiatives can enhance competitiveness.
    • Analytics Orientation: The understanding of analytics orientation is related to the PAIR model, suggesting that analytics contributes to competitiveness through improving productivity, agility, fostering innovation, and enhancing reputation.
  4. Knowledge Management and Analytics:
    • Knowledge-Intensive Activity: Analytics is considered a knowledge-intensive activity, emphasizing the importance of managing and leveraging knowledge for competitive advantage.

In summary, the SPED taxonomy provides a framework for understanding different aspects of analytical efforts, and the discussion extends to how analytics contributes to competitiveness through the PAIR model in the context of knowledge management theory. This framework helps highlight the multifaceted nature of analytics and its potential impact on organizational success.

Also, from another source:

SPED Taxonomy:

Each of these four SPED components is distinct and has its own value. For example, SWOT analysis focuses primarily on evaluation (Strengths, Weaknesses, Opportunities, Threats) but doesn’t explicitly involve prediction, interpretation, or decision-making.

PAIR Model:

Relationship between SPED and PAIR:

The SPED taxonomy provides a framework for understanding the different types of benefits that analytics can deliver. The PAIR model helps us understand how these benefits can translate into competitive advantage across four key dimensions.

Here’s how the two models relate to each other:

In conclusion, the SPED taxonomy and PAIR model offer complementary perspectives on the benefits of analytics. By understanding how these models relate to each other, organizations can better understand the potential of analytics to improve their performance and achieve competitive advantage.