The AI augmentation gap: data richness, automation and business value

Purpose Grounded in the resource-based view (RBV), this study examines how data richness, as an organisational resource, is associated with business value through two deployment processes, automation and artificial intelligence (AI)-enabled augmentation, and whether they differ in their capacity to generate value. Design/methodology/approach Survey data from 366 Greek firms across four sectors were analysed using partial least squares structural equation modelling (PLS-SEM) with bootstrapped mediation analysis and coefficient-difference tests; business value is measured as perceived value from digital technology. Findings Data richness is positively associated with both deployment processes. Automation is positively associated with business value and channels part of the association between data richness and value, whereas AI-enabled augmentation, the less developed process, shows no significant direct association; the difference is statistically significant, revealing an AI augmentation gap. Data richness also retains a significant direct association with value, and additional analyses suggest that the capability associations with value run through enacted digital transformation. Practical implications Firms should build a strategically governed data foundation, expand automation for near-term returns and develop augmentation as a longer-term capability built on skills, role redesign, validation and trust in AI-supported decisions; EuroMed policy instruments can be aligned with this sequencing. Originality/value Drawing on the RBV, the study shows that deployment processes of the same digital resource differ significantly in their association with value, a heterogeneity interpreted as reflecting the maturity of the complementary capabilities each requires, and provides evidence from a resource-constrained Mediterranean economy.

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Publication Details

Journal
EuroMed Journal of Business
Published
2026-11-09
DOI
https://doi.org/10.1108/emjb-07-2026-0416
Primary Topic
Information Technology Governance and Strategy
Type
article
Field-Weighted Citation Impact
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article

The AI augmentation gap: data richness, automation and business value

George D. Lekakos, Ioannis G. Krasonikolakis, Timoleon Farmakis
2 links
EuroMed Journal of Business
Information Technology Governance and Strategy
article

The AI augmentation gap: data richness, automation and business value

George D. Lekakos, Ioannis G. Krasonikolakis, Timoleon Farmakis
article en

Abstract

Purpose Grounded in the resource-based view (RBV), this study examines how data richness, as an organisational resource, is associated with business value through two deployment processes, automation and artificial intelligence (AI)-enabled augmentation, and whether they differ in their capacity to generate value. Design/methodology/approach Survey data from 366 Greek firms across four sectors were analysed using partial least squares structural equation modelling (PLS-SEM) with bootstrapped mediation analysis and coefficient-difference tests; business value is measured as perceived value from digital technology. Findings Data richness is positively associated with both deployment processes. Automation is positively associated with business value and channels part of the association between data richness and value, whereas AI-enabled augmentation, the less developed process, shows no significant direct association; the difference is statistically significant, revealing an AI augmentation gap. Data richness also retains a significant direct association with value, and additional analyses suggest that the capability associations with value run through enacted digital transformation. Practical implications Firms should build a strategically governed data foundation, expand automation for near-term returns and develop augmentation as a longer-term capability built on skills, role redesign, validation and trust in AI-supported decisions; EuroMed policy instruments can be aligned with this sequencing. Originality/value Drawing on the RBV, the study shows that deployment processes of the same digital resource differ significantly in their association with value, a heterogeneity interpreted as reflecting the maturity of the complementary capabilities each requires, and provides evidence from a resource-constrained Mediterranean economy.

EuroMed Journal of BusinessVol. 21(5)
National Bank of Greece (Greece) (GR), University of Bath (GB), Athens University of Economics and Business (GR)
Industry, innovation and infrastructure, Decent work and economic growth
Information Technology Governance and Strategy
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