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Business Intelligence - Science topic

Reporting, OLAP, Data Mining, Adaptive Decision Support, Tools
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What are the possibilities of applying AI-based tools, including ChatGPT and other AI applications in the field of predictive analytics in the context of forecasting economic processes, trends, phenomena?
The ongoing technological advances in ICT and Industry 4.0/5.0, including Big Data Analytics, Data Science, cloud computing, generative artificial intelligence, Internet of Things, multi-criteria simulation models, digital twins, Blockchain, etc., make it possible to carry out advanced data processing on increasingly large volumes of data and information. The aforementioned technologies contribute to the improvement of analytical processes concerning the operation of business entities, including, among others, in the field of Business Intelligence, economic analysis as well as in the field of predictive analytics in the context of forecasting processes, trends, economic phenomena. In connection with the dynamic development of generative artificial intelligence technology over the past few quarters and the simultaneous successive increase in the computing power of constantly improved microprocessors, the possibilities of improving predictive analytics in the context of forecasting economic processes may also grow.
In view of the above, I address the following question to the esteemed community of scientists and researchers:
What are the possibilities of applying AI-based tools, including ChatGPT and other AI applications for predictive analytics in the context of forecasting economic processes, trends, phenomena?
What are the possibilities of applying AI-based tools in the field of predictive analytics in the context of forecasting economic processes?
And what is your opinion on this topic?
What is your opinion on this issue?
Please answer,
I invite everyone to join the discussion,
Thank you very much,
Best regards,
Dariusz Prokopowicz
The above text is entirely my own work written by me on the basis of my research.
In writing this text I did not use other sources or automatic text generation systems.
Copyright by Dariusz Prokopowicz
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Artificial Intelligence (AI) has revolutionized numerous industries, and its potential in the field of predictive analytics for forecasting economic processes is immense. AI-based tools, including ChatGPT and other AI applications, have the capability to transform the way we predict economic trends, phenomena, and processes.
One of the possibilities of applying AI-based tools in predictive analytics is their ability to analyze vast amounts of data quickly and efficiently. Traditional methods often struggle with handling large datasets, leading to delayed insights and inaccurate predictions. However, AI algorithms can process massive amounts of information within seconds, enabling economists to make more informed decisions based on real-time data.
Furthermore, AI-based tools can identify patterns and correlations that are not easily recognizable by humans. By analyzing historical economic data alongside various external factors such as social media sentiment or global events, these tools can uncover hidden relationships that contribute to accurate forecasts. This level of analysis provides invaluable insights for policymakers, businesses, and investors alike.
Another possibility lies in the ability of AI-based tools to continuously learn and adapt. As they process more data over time, these algorithms become smarter and more accurate in predicting economic trends. This iterative learning process ensures that forecasts remain up-to-date and relevant even in rapidly changing economic landscapes.
Moreover, implementing AI-based predictive analytics can significantly reduce human bias in forecasting economic processes. Human judgment is often influenced by personal beliefs or emotions which can lead to biased predictions. However, AI algorithms are driven purely by data-driven analysis without any subjective biases.
In conclusion, the possibilities of applying AI-based tools for predictive analytics in forecasting economic processes are vast. These technologies offer unparalleled speed in processing large datasets while uncovering hidden patterns that humans may overlook. Additionally, their continuous learning capabilities ensure accurate predictions even amidst dynamic environments. By embracing these advancements in technology assertively today, we can unlock a future where our understanding of economics is enhanced through precise forecasting techniques powered by artificial intelligence.
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Competition @Game #Libertarian ^Benefit *Self %Assure (Force)
Regulation (Transparency) %Private *Alternate ^Human #Converse @Individual
Distillation @Actuaries #Minimums ^Alternate *Value %Rational (Divinity)
Conceiving perceived reality prior to delivery involves Business Intelligence.
Associated Next-Generation Utility creates impetus for "What is BEST".
Answers A-Z Questions Answer Z-A dependent upon Well-Formed Context.
Conceiving Associated Answers = perceived Next-Generation Questions == reality Utility Answers === prior creates Z-A ==== to delivery impetus dependent ===== Business Intelligence for "What is Best" upon Well-Formed Context.
HELP USE Energy Law INTUIT x Aura-Tech = HowWay @Spartan #RAEL ^IT *Way %99 (1)
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JAS Claude.ai LLM (Mashup: Copy & Paste)
Claude can't visit links. Responses may contain hallucination.
JA
Unfortunately I do not have access to the content behind that link, so I cannot draw any direct conclusions from it. In general though, some things we might infer from the title are:
  • There seems to be an exploration of how the use of force can lead to or be transformed into conflict resolution. This suggests examining the relationships and potential causal links between force/coercion and arriving at peaceful settlements of disputes.
  • It hints at the idea that while force and conflict may seem opposed, under some conditions applying force could help resolve conflicts. This goes against the conventional wisdom that "violence begets violence" and that coercion tends to perpetuate conflicts.
  • There may be an analysis of historical cases where the use of force or threats of force brought parties to the negotiating table and enabled diplomatic solutions to conflicts that seemed intractable. The research may be probing the mechanisms of how this happened.
  • It could be a conceptual/theoretical examination of whether, when and how escalations of force might ripple through to conflict resolution under different sets of conditions. Perhaps it develops a contingency framework for understanding this.
Without seeing the actual content however, those are just informed speculations. The research could be focused on any number of more specific aspects around force and conflict resolution. But hopefully this gives some idea of the types of conclusions one might draw from such a title and topic. Let me know if you have any other questions!
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Is it possible to build a highly effective forecasting system for future financial and economic crises based on artificial intelligence technology in combination with Data Science analytics, Big Data Analytics, Business Intelligence and/or other Industry 4.0 technologies?
Is it possible to build a highly effective, multi-faceted, intelligent forecasting system for future financial and economic crises based on artificial intelligence technology in combination with Data Science analytics, Big Data Analytics, Business Intelligence and/or other Industry 4.0 technologies as part of a forecasting system for complex, multi-faceted economic processes in such a way as to reduce the scale of the impact of the paradox of a self-fulfilling prediction and to increase the scale of the paradox of not allowing a predicted crisis to occur due to pre-emptive anti-crisis measures applied?
What do you think about the involvement of artificial intelligence in combination with Data Science, Big Data Analytics, Business Intelligence and/or other Industry 4.0 technologies for the development of sophisticated, complex predictive models for estimating current and forward-looking levels of systemic financial, economic risks, debt of the state's public finance system, systemic credit risks of commercially operating financial institutions and economic entities, forecasting trends in economic developments and predicting future financial and economic crises?
Research and development work is already underway to teach artificial intelligence to 'think', i.e. the conscious thought process realised in the human brain. The aforementioned thinking process, awareness of one's own existence, the ability to think abstractly and critically, and to separate knowledge acquired in the learning process from its processing in the abstract thinking process in the conscious thinking process are just some of the abilities attributed exclusively to humans. However, as part of technological progress and improvements in artificial intelligence technology, attempts are being made to create "thinking" computers or androids, and in the future there may be attempts to create an artificial consciousness that is a digital creation, but which functions in a similar way to human consciousness. At the same time, as part of improving artificial intelligence technology, creating its next generation, teaching artificial intelligence to perform work requiring creativity, systems are being developed to process the ever-increasing amount of data and information stored on Big Data Analytics platform servers and taken, for example, from selected websites. In this way, it may be possible in the future to create "thinking" computers, which, based on online access to the Internet and data downloaded according to the needs of the tasks performed and processing downloaded data and information in real time, will be able to develop predictive models and specific forecasts of future processes and phenomena based on developed models composed of algorithms resulting from previously applied machine learning processes. When such technological solutions become possible, the following question arises, i.e. the question of taking into account in the built intelligent, multifaceted forecasting models known for years paradoxes concerning forecasted phenomena, which are to appear only in the future and there is no 100% certainty that they will appear. Well, among the various paradoxes of this kind, two particular ones can be pointed out. One is the paradox of a self-fulfilling prophecy and the other is the paradox of not allowing a predicted crisis to occur due to pre-emptive anti-crisis measures applied. If these two paradoxes were taken into account within the framework of the intelligent, multi-faceted forecasting models being built, their effect could be correlated asymmetrically and inversely proportional. In view of the above, in the future, once artificial intelligence has been appropriately improved by teaching it to "think" and to process huge amounts of data and information in real time in a multi-criteria, creative manner, it may be possible to build a highly effective, multi-faceted, intelligent forecasting system for future financial and economic crises based on artificial intelligence technology, a system for forecasting complex, multi-faceted economic processes in such a way as to reduce the scale of the impact of the paradox of a self-fulfilling prophecy and increase the scale of the paradox of not allowing a predicted crisis to occur due to pre-emptive anti-crisis measures applied. In terms of multi-criteria processing of large data sets conducted with the involvement of artificial intelligence, Data Science, Big Data Analytics, Business Intelligence and/or other Industry 4. 0 technologies, which make it possible to effectively and increasingly automatically operate on large sets of data and information, thus increasing the possibility of developing advanced, complex forecasting models for estimating current and future levels of systemic financial and economic risks, indebtedness of the state's public finance system, systemic credit risks of commercially operating financial institutions and economic entities, forecasting economic trends and predicting future financial and economic crises.
In view of the above, I address the following questions to the esteemed community of scientists and researchers:
Is it possible to build a highly effective, multi-faceted, intelligent forecasting system for future financial and economic crises based on artificial intelligence technology in combination with Data Science, Big Data Analytics, Business Intelligence and/or other Industry 4.0 technologies in a forecasting system for complex, multi-faceted economic processes in such a way as to reduce the scale of the impact of the paradox of the self-fulfilling prophecy and to increase the scale of the paradox of not allowing a forecasted crisis to occur due to pre-emptive anti-crisis measures applied?
What do you think about the involvement of artificial intelligence in combination with Data Science, Big Data Analytics, Business Intelligence and/or other Industry 4.0 technologies to develop advanced, complex predictive models for estimating current and forward-looking levels of systemic financial risks, economic risks, debt of the state's public finance system, systemic credit risks of commercially operating financial institutions and economic entities, forecasting trends in economic developments and predicting future financial and economic crises?
What do you think about this topic?
What is your opinion on this subject?
Please respond,
I invite you all to discuss,
Thank you very much,
Warm regards,
Dariusz Prokopowicz
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In my opinion, in order to determine the question of the possibility of building a highly effective forecasting system for future financial and economic crises based on artificial intelligence technology in combination with Data Science analytics, Big Data Analytics, Business Intelligence and/or other Industry 4.0/5.0 technologies, it is first necessary to precisely define the essence of forecasting specific risk factors, i.e. factors that in the past were the sources of the occurrence of certain types of economic, financial and other crises and that may be such factors in the future. But will such a structured forecasting system based on a combination of Big Data Analytics and Artificial Intelligence be able to forecast events that appear as unusual, generating new types of risks, referred to as so-called "black swans", such as forecasting the appearance of another but generated by a difficult to predict new type of risk, an unusual event leading to the occurrence of another e.g. something similar to the 2008 global financial crisis, the 2020 pandemic, or something completely new that has not yet appeared.
What is your opinion on this issue?
Please answer,
I invite everyone to join the discussion,
Thank you very much,
Warm regards,
Dariusz Prokopowicz
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Any background and perspectives?
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Dear Dr. Abdeljebar Mansour,
Info presented below may turned out to be quite useful:
AI-powered chatbots can play a significant role in enhancing Business Intelligence (BI) systems by providing real-time insights, facilitating data-driven decision-making, and improving overall user experience. Here's how AI-enabled chatbots can empower businesses in the context of BI systems:
  1. Instant Access to Information: Chatbots can quickly retrieve information from BI databases and systems, providing users with instant access to key data and insights. Users can ask natural language questions and receive immediate responses, reducing the time spent on searching for relevant information.
  2. Conversational Analytics: Chatbots can facilitate conversational interactions with BI systems, allowing users to ask questions in plain language. This approach democratizes data access, making it easier for non-technical users to interact with complex data sets and analytics.
  3. Personalized Insights: AI-powered chatbots can analyze user behavior and preferences to deliver personalized insights. By understanding a user's historical queries and interactions, chatbots can tailor recommendations and suggestions based on their interests and needs.
  4. Data Visualization: Chatbots can generate and share visualizations, such as charts and graphs, in response to user queries. This visual representation of data simplifies complex information and helps users grasp insights more effectively.
  5. Alerts and Notifications: Chatbots can proactively notify users about important changes or anomalies in their data. For instance, if a key metric crosses a predefined threshold, the chatbot can send an alert to relevant stakeholders.
  6. Predictive Analytics: AI-powered chatbots can leverage predictive modeling to provide forecasts and trends. Users can ask about future projections based on historical data, helping them make informed decisions.
  7. Natural Language Processing (NLP): NLP capabilities allow chatbots to understand and process human language. This enables users to have natural conversations with the chatbot, making interactions more intuitive and user-friendly.
  8. Data Exploration: Chatbots can guide users through the process of exploring and analyzing data. They can offer suggestions for relevant queries and help users navigate through different data dimensions.
  9. User Training and Assistance: Chatbots can assist users in learning how to use BI tools effectively. They can provide step-by-step guidance on generating reports, creating dashboards, and interpreting results.
  10. Reduced Workload: By automating routine data retrieval and analysis tasks, chatbots can reduce the workload on analysts and data professionals, allowing them to focus on more strategic and complex tasks.
  11. 24/7 Availability: Chatbots provide round-the-clock access to BI insights, enabling users to get answers to their questions and make data-driven decisions even outside of traditional working hours.
  12. Integration with Other Tools: AI-powered chatbots can be integrated with other business tools, such as collaboration platforms or project management software, to provide seamless access to BI insights within familiar interfaces.
Incorporating AI-powered chatbots into BI systems can make data and insights more accessible, actionable, and user-friendly. However, it's important to design the chatbot experience thoughtfully, ensuring that it aligns with users' needs, offers accurate information, and maintains data security and privacy.
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Who has references on business intelligence and its role in the world rankings of universities, please provide me with that
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Check, The Times Higher Education World University Rankings 2021
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Munsell (Color) x Kirlian (Effect) + Fourier (Analysis) = Meta BI (Systemics)
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"What is Bioelectricity?
It’s true. The human body produces electricity. However, it’s not in the same way electricity flows when you flip your light switch. That type of electricity is generated by electrons (negatively charged particles) flowing through a current. The human body produces electricity chemically. This is done mostly through positively charged ions such as potassium, calcium and sodium.
All of our bodily functions are controlled by the electrical signals that are generated in our body. As a refresher, remember that everything is made up of atoms. Atoms are made up of protons (positive charged), electrons (negative charge) and neutrons (neutral charge). When these get out of balance, this will dictate whether the atom is positively charged or negatively charged. Additionally, when an atom makes a switch between one charge to the other, this lets the electrons flow from atom to atom. This is what we call electricity. Our bodies are made up of massive amounts of atoms, which means we generate electricity.
You’ve heard about your nerves sending signals to the brain. Well, this is done through electrical impulses carrying messages from point A to point B. Instead of a wire sending an electrical current, your body generates electricity through its cells. This means an electrical charge jumps from one cell to another. This happens fast, and you understand how fast. Think about one of the times you stubbed your toe and how instantly you felt the pain. That electrical pulse went from your toes to your brain in an instant. This is a basic understanding of how electricity runs through our bodies. It controls all of our bodily functions, from pain signals to muscle movement and more.
📷
Electricity dominates our life, even before humans discovered how to use it for technological advancements. The majority of species on earth generate electricity. It’s how our bodies function. So, what does this mean for outdoor recreation? It’s a detail that’s overlooked, but what if wild animals are still sensing your presence, even if you’ve masked your scent and concealed yourself well?"
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Significance of big data in business analytics
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You would need the powerful business intelligence tools and techniques to mine big data in order to draw findings/intelligence/knowledge for application, action and decision making.
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How can machine learning technology, deep learning and a specific generation of artificial intelligence applied to Big Data Analytics platforms help in the processes of managing the effective operation and growth of an innovative startup?
How should a system architecture built from modules incorporating implemented machine learning, deep learning and specific generation artificial intelligence, Big Data Analytics and other Industry 4.0 technologies be designed to assist in the improvement of computerised Business Intelligence analytics platforms and thus in the processes of managing the effective operation and development of a commercially operating innovative startup?
The development of innovation and entrepreneurship, including the effective development of innovative startups using new technologies in business, is among the key determinants of a country's economic development. Among the important factors supporting the development of innovativeness and entrepreneurship, apart from system facilitations, a favourable tax system, low interest rates on investment loans, available non-refundable financial subsidies, there is also the issue of the possibility of implementing new technologies, including Industry 4. 0, including, but not limited to, technologies such as artificial intelligence, machine learning, deep learning and Big Data Analytics, Internet of Things, digital twins, multi-criteria simulation models, cloud computing, robots, horizontal and vertical data system integration, additive manufacturing, Blockchain, smart technologies, etc., can be helpful in the process of improving the management of economic entities, including service companies, manufacturing enterprises and innovative start-ups. These information technologies and Industry 4.0 can also help to improve Business Intelligence used in business management. The key issue is the proper combination of applied Industry 4.0 technologies to create computerised platforms supporting the processes of managing both the current, operational functioning of economic entities and in the processes of forecasting the determinants of the development of companies and enterprises, in the creation of forecasting models of simulation of development for a specific economic entity, which may also be an innovative start-up. In recent years, attempts have been made in larger business entities, corporations, financial institutions, including commercial banks, to create computerised Business Intelligence analytical platforms improved through a combination of applied technologies such as machine learning, deep learning and a specific generation of artificial intelligence applied to Big Data Analytics platforms. Such processes for improving Business Intelligence analytical platforms are carried out in order to support the management of the effective operation and development of a commercially operating specific business entity. Therefore, in a situation where specific financial resources are available to create analogous Business Intelligence analytical platforms, it is possible to apply an analogous solution to support the management of the effective operation and development of a commercially functioning specific innovative start-up.
In view of the above, I address the following question to the esteemed community of scientists and researchers:
How can machine learning technology, deep learning and a specific generation of artificial intelligence applied to Big Data Analytics platforms help in the processes of managing the effective operation and development of an innovative startup?
How should a system architecture built from modules containing implemented machine learning technology, deep learning and a specific generation of artificial intelligence, Big Data Analytics and other Industry 4.0 technologies be designed to assist in the improvement of computerised Business Intelligence analytics platforms and thus in the processes of managing the effective operation and development of a commercially operating innovative startup?
And what is your opinion on this topic?
What is your opinion on this subject?
Please respond,
I invite you all to discuss,
Thank you very much,
Best wishes,
Dariusz Prokopowicz
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Hello Dariusz Prokopowicz , The findings of the below referred paper have implications for understanding how entrepreneurs adopt and use digital technologies in their entrepreneurial activities. Entrepreneurs who exhibit a propensity for adopting digital technologies and DIY behavior, are likely to be more open to adopting and utilizing such tools in their growth management processes, potentially benefiting their innovative startup's growth trajectory.
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What are the possibilities for applications of artificial intelligence and Big Data Analytics in carrying out multi-criteria economic and financial analyses of business entities, analyses carried out on computerised Business Intelligence platforms?
What are the potential applications of machine learning, deep learning, artificial intelligence, Big Data Analytics and other Industry 4.0 technologies in conducting multi-criteria economic and financial analyses of the historical and current performance of economic entities and making predictions about the future development of their business, analyses carried out on computerised Business Intelligence platforms?
As a result of technological advances, the potential for the application of machine learning, deep learning, artificial intelligence, Big Data Analytics and other Industry 4.0 technologies to perform multi-criteria economic and financial analyses of the historical and current functioning of businesses and to make predictions about the future development of their business, analyses carried out on computerised Business Intelligence platforms, is rapidly increasing. New ICT information technologies and Industry 4.0, including Artificial Intelligence, Machine Learning, Deep Learning, Big Data Analytics but also Data Science, Smart Technologies, Cloud Computing, Machine Learning, Personal and Industrial Internet of Things, Autonomous Robots, Horizontal and Vertical Data System Integration, Multi-Criteria Simulation Models, Digital Twins, Additive Manufacturing, Blockchain, Cyber Security Instruments, Virtual and Augmented Reality and other Advanced Data Mining technologies support the management processes of a company, enterprise or financial institution. In recent years, the aforementioned new technologies are helping to improve the management processes of supply logistics, procurement, production, service offering; marketing communication and customer relationship management; risk management; cyber security management; economic and financial analysis management, financial auditing, etc. Therefore, within the framework of the technological advances taking place, including the increasing computational capabilities of successive generations of processors and operational memory installed in computers, increasing disk capacities, storage media, increasing data transfers, etc., the possibilities of applying artificial intelligence and Big Data Analytics in carrying out multi-criteria economic and financial analyses of business entities, analyses carried out on computerised Business Intelligence platforms, are successively increasing. Consequently, the possibilities for the application of multi-criteria analytics carried out on computerised Business Intelligence platforms are also increasing year on year, which also contributes to the improvement of organisational management processes.
In view of the above, I address the following question to the esteemed community of scientists and researchers:
What are the possibilities for the application of Machine Learning, Deep Learning, Artificial Intelligence and Big Data Analytics and other Industry 4.0 technologies in carrying out multi-criteria economic and financial analyses of the historical and current performance of business entities and making predictions about the future development of their business, analyses carried out on computerised Business Intelligence platforms?
What do you think about this topic?
What is your opinion on this subject?
Please respond,
I invite you all to discuss,
Thank you very much,
Best wishes,
Dariusz Prokopowicz
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How can artificial intelligence such as ChatGPT and Big Data Analytics be used to analyse the level of innovation of new economic projects that new startups that are planning to develop implementing innovative business solutions, technological innovations, environmental innovations, energy innovations and other types of innovations?
The economic development of a country is determined by a number of factors, which include the level of innovativeness of economic processes, the creation of new technological solutions in research and development centres, research institutes, laboratories of universities and business entities and their implementation into the economic processes of companies and enterprises. In the modern economy, the level of innovativeness of the economy is also shaped by the effectiveness of innovation policy, which influences the formation of innovative startups and their effective development. The economic activity of innovative startups generates a high investment risk and for the institution financing the development of startups this generates a high credit risk. As a result, many banks do not finance business ventures led by innovative startups. As part of the development of systemic financing programmes for the development of start-ups from national public funds or international innovation support funds, financial grants are organised, which can be provided as non-refundable financial assistance if a startup successfully develops certain business ventures according to the original plan entered in the application for external funding. Non-refundable grant programmes can thus activate the development of innovative business ventures carried out in specific areas, sectors and industries of the economy, including, for example, innovative green business ventures that pursue sustainable development goals and are part of green economy transformation trends. Institutions distributing non-returnable financial grants should constantly improve their systems of analysing the level of innovativeness of business ventures planned to be implemented by startups described in applications for funding as innovative. As part of improving systems for verifying the level of innovativeness of business ventures and the fulfilment of specific set goals, e.g. sustainable development goals, green economy transformation goals, etc., new Industry 4.0 technologies implemented in Business Intelligence analytical platforms can be used. Within the framework of Industry 4.0 technologies, which can be used to improve systems for verifying the level of innovativeness of business ventures, machine learning, deep learning, artificial intelligence (including e.g. ChatGPT), Business Intelligence analytical platforms with implemented Big Data Analytics, cloud computing, multi-criteria simulation models, etc., can be used. In view of the above, in the situation of having at one's disposal appropriate IT equipment, including computers equipped with new generation processors characterised by high computing power, it is possible to use artificial intelligence, e.g. ChatGPT and Big Data Analytics and other Industry 4.0 technologies to analyse the level of innovativeness of new economic projects that plan to develop new start-ups implementing innovative business solutions, technological, ecological, energy and other types of innovations.
In view of the above, I address the following question to the esteemed community of scientists and researchers:
How can artificial intelligence such as ChatGPT and Big Data Analytics be used to analyse the level of innovation of new economic projects that plan to develop new startups implementing innovative business solutions, technological innovations, ecological innovations, energy innovations and other types of innovations?
What do you think?
What is your opinion on this subject?
Please respond,
I invite you all to discuss,
Thank you very much,
Warm regards,
Dariusz Prokopowicz
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Enhancements to Tableau for Slack focuses on sharing, search and insights with automated workflows for tools like Accelerator. The goal: empower decision makers and CRM teams to put big data to work...
The changes also presage what’s coming next: integration of recently announced generative AI model Einstein GPT, the fruit of Salesforce’s collaboration with ChatGPT maker OpenAI, with natural language-enabled interfaces to make wrangling big data a low-code/no-code operation...
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I want to do a thesis on business intelligence application and development but I can't seem to find the right topic to go with. Please, if you have any ideas you can share or don't mind me working with for my thesis, I will be very grateful. Thank you
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Business intelligence is quite a broad topic. It can cover broad areas. One of the interesting areas to examine right now is the use of AI and Machine Learning for Corporate Human Resource Development, both for the functional and operational side of HR and for the "people" side of HR. Other areas of Business Intelligence right now that may be hot have to do with predictive modeling for compliance issues in business (safety, quality, environmental, sustainability, etc..) or for supply chain management. Another exciting area right now is understanding how BI best translates to UX, how the data is best transfered to useable and best-experienced information for the intended user (could be the C-Suite, could be project managers, and could be the customer). That said, the field is open for a lot of research, and the opportunities for business intelligence research is broad. My recommendation would be to first identify an area in business that you are interested in (accounting, economics, management, human resources, entrepreneurship, investment, etc....) and look into those areas and the application of business intelligence research in those areas. That will help you identify potential gaps in research and literature (and there are many of them).
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One of my master students is currently conducting a preliminary study to find out the maturity of the Cross Industry Standard Process for Big Data (CRISP4BigData) for use in Big Data projects. I would like to invite all scientists, Big Data experts, project managers, data engineers, data scientists from my network to participate in the following survey. Feel free to share!
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Done
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I’m working on a research on how business intelligence tool like oracle apex can tackle health inequality. I will really appreciate if anyone can explain why it is used for tackling health inequality.
Thank you.
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Business intelligence is human intelligence and artificial intelligence. Kindly visit the links.
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Commercial banks are increasingly worried about competition from fintechs, including online technology companies that expand the range of financial and pre-financial services. Commercial banks are more and more actively using IT technologies of online banking, building Business Intelligence data processing platforms, extending Big Data database systems, developing integrated risk management systems and conducting advertising campaigns on social media websites. In view of the above, large commercial banks have the opportunity to conduct a sentiment analysis on data collected in Big Data database systems for the purpose of analyzing the expectations and opinions of Internet users regarding, for example, financial services. Information obtained from the Internet and processed in the aforementioned manner can be used for more precise risk analysis, credit risk management, planning subsequent advertising campaigns, modifying the financial services offer in line with changing expectations of Internet users, searching for clients on social media portals. In this way, interdisciplinary analytical processes are also developed at commercial banks, for which the information from the websites of social media portals is the source of data.
Do commercial banks have a chance to win in this matter in competition with the fintech technology companies operating on the Internet?
Besides, What is the effectiveness of online advertising campaigns run by commercial banks?
Please, answer, comments.
I invite you to the discussion.
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Dear Denis Muchunku, Haseeb Javed,
Yes. Internet advertisements are used more and more often in advertising campaigns also by financial institutions, including commercial banks presenting their offers of banking products and financial services as well as internet mobile banking offer. During the SARS-CoV-2 (Covid-19) coronavirus pandemic, the development of electronic internet banking, including mobile banking, accelerated. Therefore, commercial banks have recently been developing mainly online mobile banking for citizens, individual clients and business entities. Recently, many banks have been conducting advertising campaigns using new online media, including social media portals, to promote their online banking offers, also offered to companies and enterprises. Banks offer the opening of an online banking account primarily for business entities from the SME sector that do not yet have a mobile banking account, do not have their own website, are startups, etc. In promotional online banking offers for companies and enterprises from the SME sector, commercial banks offer additional incentives and incentives. auxiliary services creating a website for the company, creating an online platform for selling products and / or services of the client's enterprise, creating an online store, they also offer tax advisory services, financial advisory services, etc. Banks more and more often offer their financial services through social media portals, because of the research conducted market know that their customers are increasingly actively using these new online media and that these online marketing communication channels can be the most effective.
Thank you very much,
Best regards, Greetings,
Have a nice day,
Be safe and healthy,
Dariusz Prokopowicz
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first I need to analyze and try to answer for predictive and prescriptive maintenance questions
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I might consider a broad approach as a first step. I would familiarize myself with the data by visually exploring the data. In my space, a graph is an important analysis tool which helps providers direction.
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dear community, I need some sources for some data science project or machine learning project related to analyzing the google analytics and Facebook business data , your help is appreciated.
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Identifying the level of intelligence maturity in the agricultural sector and comparing BI maturity models to design a specific model of agricultural intelligence
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Agricultural intelligence requires hard work and experience
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What will be the future applications of analytics of large data sets conducted in the computing cloud on computerized Business Intelligence analytical platforms in Big Data database systems in enterprise logistics management?
The analytics conducted on computerized Business Intelligence platforms is one of the key advanced information technology technologies of the fourth technological revolution, known as Industry 4.0. The current technological revolution described as Industry 4.0 is determined by the development of the following technologies of advanced information processing: Big Data database technologies, cloud computing, machine learning, Internet of Things, artificial intelligence, Business Intelligence and other advanced data mining technologies.
The analytics conducted on computerized Business Intelligence platforms currently supports business management processes, including logistics management.
In my opinion, the use of analytics of large data sets conducted in the computing cloud on computerized Business Intelligence analytical platforms in Big Data database systems in enterprise logistics management, including supply logistics, production logistics, provision of services and distribution of manufactured products and services, is currently growing.
The analytics conducted on large data sets conducted in the cloud computing on Business Intelligence computerized platforms in Big Data database systems makes it particularly easy to identify opportunities and threats to business development, allows for quick generation of analytical reports on selected issues in the economic and financial situation of the business entity. In this way, the generated reports can be helpful in the processes of enterprise logistics management, including supply logistics, production logistics, provision of services and distribution of manufactured products and services.
Do you agree with my opinion on this matter?
In view of the above, I am asking you the following question:
What will be the future applications of analytics of large data sets conducted in the computing cloud on computerized Business Intelligence analytical platforms in Big Data database systems in enterprise logistics management?
Please reply
I invite you to the discussion
The issues of the use of information contained in Big Data database systems for the purposes of conducting Business Intelligence analyzes are described in the publications:
I invite you to discussion and cooperation.
Best wishes
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It is rising field since intelligence and in general artificial intelligence becomes the dominant technology of current era
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The current technological revolution, known as Industry 4.0, is determined by the development of the following technologies of advanced information processing: Big Data database technologies, cloud computing, machine learning, Internet of Things, artificial intelligence, Business Intelligence and other advanced data mining technologies.
In connection with the above, I would like to ask you:
Which information technologies of the current technological revolution Industry 4.0 to the greatest extent support the enterprise management process?
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In my opinion, in recent years the implementation of Big Data Analytics technologies, the Internet of Things, learning machines and artificial intelligence to the business activities of companies and enterprises has been increasing. improving business management systems. During the SARS-CoV-2 (Covid-19) coronavirus pandemic, the scale of digitization and internetization of economic processes increased. As part of this increase in digitization and internationalization, many manufacturing, commercial, technological, etc. companies implemented investments in the implementation of new information technologies, ICT and Industry 4.0, in order to improve specific spheres of their business activity. As part of these investments, i.a. in the IT systems of enterprises, computerized systems of digital twins are built, in which the entire production processes, logistics processes, and the functioning of machines and devices are digitally built. The digital twin systems built in this way support the systems of production process management, production logistics, supply and delivery logistics, distribution logistics, offering services, etc.
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Dariusz Prokopowicz
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Such a system can be a Business Intelligence analytical platform connected to the Big Data database system, where information from the Internet is collected, collected, processed and analyzed, including comments from Internet users entered into social media portals.
On the basis of this data, analytics reports are created in the Business Intelligence system describing changes in interest, consumer preferences for specific products and services, as well as changes in the company's brand assessment that offers a specific product or service offer to the market.
These reports can be very tangible in the business management process, including they can support decision-making in the field of production planning as well as the distribution process, sales organization in the form via the Internet, in the form of e-commerce.
Do you agree with me on the above matter?
In the context of the above issues, the following question is valid:
How to build a decision support system in the field of selling on the Internet, online store, e-commerce?
Please reply
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Thank you very much
The issues of the use of information contained in Big Data database systems for the purposes of conducting Business Intelligence analyzes are described in the publications:
I invite you to discussion and cooperation.
Best wishes
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Dear Gioacchino de Candia,
Yes, that's right. The issue of collecting and processing large sets of information on Big Data Analytics platforms is particularly crucial in the context of the discussed issues.
Thank you, Regards,
Dariusz Prokopowicz
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The goal of predictive analysis is to develop predictions for the development of complex, multifaceted processes in various fields of science, industry, economy or other spheres of human activity. In addition, predictive analysis may refer to objectively performing processes such as natural phenomena, climate change, geological, cosmic etc.
Predictive analysis should be based on taking into account in the analytical methodology possible the most modern prognostic models and a large amount of data necessary to perform the most accurate predictive analysis. In this way, the result of the prediction analysis performed will be the least subject to the risk of analytical error, ie an incorrectly designed forecast.
Predictive analysis can be improved by using computerized modern information technologies, which include computing in the cloud of large data sets stored in Big Data database systems. In the predictive analysis, Business Intelligence analytics and other innovative information technologies typical of the current fourth technological revolution, known as Industry 4.0, can also be used.
The current technological revolution known as Industry 4.0 is motivated by the development of the following factors:
Big Data database technologies, cloud computing, machine learning, Internet of Things, artificial intelligence, Business Intelligence and other advanced data mining technologies. On the basis of the development of the new technological solutions in recent years, dynamically developing processes of innovatively organized analyzes of large information sets stored in Big Data database systems and computing cloud computing for the needs of applications in such areas as: machine learning, Internet of Things, artificial intelligence, Business Intelligence are dynamically developing.
For the abovementioned application examples, one can add predictive analyzes of subsequent, other fields of application of advanced technologies for the analysis of large data sets such as Medical Intelligence, Life Science, Green Energy, etc. Processing and multi-criteria analysis of large data sets in Big Data database systems is carried out according to V4 concepts, ie Volume (meaning a large number of data), Value (large values of certain parameters of the analyzed information), Velocity (high speed of new information) and Variety (high variety of information).
The advanced information processing and analysis technologies mentioned above are used more and more often for the needs of conducting predictive analyzes concerning, for example, marketing activities of various business entities that advertise their offer on the Internet or analyze the needs in this area reported by other entities, including companies, corporations, institutions financial and public. More and more commercial business entities and financial institutions conduct marketing activities on the Internet, including on social media portals.
More and more public institutions and business entities, including companies, banks and other entities, need to conduct multi-criteria analyzes on large data sets downloaded from the Internet describing the markets on which they operate, as well as contractors and clients with whom they cooperate.
On the other hand, there are already specialized technology companies that offer this type of analytical services, including offering predictive analysis services, develop custom reports, which are the result of multicriteria analyzes of large data sets obtained from various websites and from entries and comments. contained on social media portals based on sentiment analyzes of the content of entries in the comments of Internet users.
Do you agree with my opinion on this matter?
In view of the above, I am asking you the following question:
How can you improve the process of predictive analysis?
Please reply
I invite you to discussion and scientific cooperation
Dear Colleagues and Friends from RG
The key aspects and determinants of the applications of modern computerized information technologies for data processing in Big Data and Business Intelligence database systems for the purpose of conducting predictive analyzes are described in the following publications:
I invite you to discussion and cooperation.
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Dear Alexander Kolker,
Thank you very much for your answer and pointing to the important aspects of predictive analytics in business and the use of Big Data Analytics in these analyzes.
Thank you very much,
Best regards,
Dariusz Prokopowicz
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How to obtain currently necessary information from Big Data database systems for the needs of specific scientific research and necessary to carry out economic, business and other analyzes?
Of course, the right data is important for scientific research. However, in the present era of digitalization of various categories of information and creating various libraries, databases, constantly expanding large data sets stored in database systems, data warehouses and Big Data database systems, it is important to develop techniques and tools for filtering large data sets in those databases data to filter out of terabytes of data only information that is currently needed for the purpose of conducted scientific research in a given field of knowledge, for the purposes of obtaining answers to a given research question and for business needs, eg after connecting these databases to Business Intelligence analytical platforms. I described these issues in my scientific publications presented below.
Do you agree with my opinion on this matter?
In view of the above, I am asking you the following question:
How to obtain currently necessary information from Big Data database systems for the needs of specific scientific research and necessary to carry out economic, business and other analyzes?
Please reply
I invite you to the discussion
Thank you very much
Dear Colleagues and Friends from RG
The issues of the use of information contained in Big Data database systems for the purposes of conducting Business Intelligence analyzes are described in the publications:
I invite you to discussion and cooperation.
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Respected Doctor
Big data has three characteristics as follows:
1-Volume
It is the volume of data extracted from a source, which determines the value and capabilities of the data to be classified as big data, and by the year 2020, cyberspace will contain approximately 40,000 megabytes of data ready for analysis and information extraction.
2-Variety
It means the diversity of extracted data, which helps users, whether they are researchers or analysts, to choose the appropriate data for their field of research and includes structured data in databases and unstructured data (such as: images, clips, audio recordings, videos, SMS, call logs, and data). Maps (GPS), and require time and effort to prepare them in a suitable form for processing and analysis.
3-Velocity
It means the speed of producing and extracting data and sending it to cover the demand for it. Speed is a crucial element in making a decision based on this data, and it is the time we take from the moment this data arrives to the moment the decision is made based on it.
There are many tools and techniques that are used to analyze big data, such as: Hadoop, Map Reduce, HPCC, but Hadoop is one of the most famous of these tools. Big data is on several devices and then distributes the processing process to these devices to speed up the processing result and is returned or called as a single package. Tools that deal with big data consist of three main parts:
1- Data mining tools
2- Data Analysis Tools
3- Tools for displaying results (Dashboard).
Its use also varies statistically according to the research objectives (improving education, effectiveness of decision-making, military benefit, economic development, health management ... etc.).
greetings
Senior lecturer
Nuha hamid taher
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What kind of scientific research dominate in the field of Business Intelligence?
What are the important topics in the field: Business Intelligence?
Business entity management processes are more and more often supported by computerized Business Intelligence platforms that facilitate multi-criteria analysis and reporting.
Probably in the future, the business analyst will be supported by artificial intelligence.
It would be a great advance in the field of automation and objectification of multi-criteria economic analyzes of business entities.
Complex, multi-criteria analyzes regarding the verification of large companies' operations require aggregation and analytical processing of large data sets in Big Data database systems.
However, in what direction will technological progress be realized in this field?
In the future, as part of the progressing computerization of analytical processes, it will be possible to implement artificial intelligence to the processes of analyzing large collections of information collected in Big Data database systems.
Apparently, we are now living in the era of the fourth technological revolution, known as Industry 4.0.
The previous three technological revolutions:
1. The industrial revolution of the eighteenth and nineteenth centuries, determined mainly by the industrial application of the invention of a steam engine.
2. Electricity era of the late nineteenth century and early twentieth century.
3. The IT revolution of the second half of the twentieth century determined by computerization, the widespread use of the Internet and the beginning of the development of robotization.
The current fourth technological revelation, known as Industry 4.0, is motivated by the development of the following factors:
- artificial intelligence,
- cloud computing,
- machine learning,
- Big Data database technologies,
- Internet of Things.
On the basis of the development of these IT instruments and technologies, business analytics of companies such as Business Intelligence and the above-mentioned areas have been dynamically developing in recent years.
In view of the above, I turn to you with the following question: In what direction will the current technological revolution, known as Industry 4.0, develop?
Please, answer, comments. I invite you to the discussion.
Dear Colleagues and Friends from RG
Some of the currently developing aspects and determinants of the applications of data processing technologies in Big Data database systems are described in the following publications:
I invite you to discussion and cooperation.
Best wishes
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Mutual trust and respect.
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Does the development and implementation of new information technologies for banking affect the processes of improving the security of online banking systems?
Improvement of online banking security systems can currently be significantly determined, among others, by the implementation of new information technologies for banking.
Are the processes of improving internet banking security systems currently determined by the implementation of new information technologies, i.e. by implementing banking data processing technologies in Big Data database systems, Business Intelligence based analytics, implementation of Blockchain technology and artificial intelligence.
Do you think that the processes of improving internet banking security systems are currently determined by the implementation of new information technologies for banking?
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Zhu, R. (2015). An Initial Study of Customer Internet Banking Security Awareness and Behaviour in China. In PACIS (p. 87).
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Does the combination of Big Data database technologies and Business Intelligence analytics enable the improvement of conducting various economic, financial and other analyzes?
In my opinion, the scope of synergy and possibilities of combining applications of various advanced information processing technologies, including data analysis eg on Business Intelligence platforms based on large data sets collected in Big Data database systems for the purpose of improving information security management processes, including information transferred, increases. on the Internet, collected in Big Data database systems and used to carry out various economic, financial and other analyzes.
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Thank you very much
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Due to the rapid technological progress in the field of Industry 4.0 technology, companies, enterprises and financial institutions will increasingly use multi-criteria processing of large data sets using Big Data Analytics and Business Intelligence as part of economic and financial analyzes.
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Dariusz Prokopowicz
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Dear all,
I am finding some documents, papers, or book focused on technologies for Business Intelligence (BI). For example, Technologies Supporting Organisation Memory, Technology Enabling Information Integration, Technologies Enabling Decision Making, Technology Enabling Presentation.
Please recommend any document you know.
Thank you
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I have written several articles on the use of Business Intelligence technology in improving the business management process. These articles are available on my Research Gate profile. I invite you to research cooperation in this field. The implementation of Business Intelligence technology is an important factor in the implementation of ICT and Industry 4.0 information technologies to enterprises in order to improve the management of economic processes. During the SARS-CoV-2 (Covid-19) coronavirus pandemic, there was a large increase in the investment of companies and enterprises in new information ICT technologies. It was an important factor in the increase in the scale of digitization and internationalization of remote communication processes and economic processes that occurred during the pandemic in 2020.
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Dariusz Prokopowicz
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Hi,
I want to do a thesis on Data Analysis, Business Intelligence or Data Visualisation but I can't seem to find the right topic to go with. I actually have to submit a proposal in few weeks time but so far I've not found any and I don't know what to do. Please, if you have any idea you can share or don't mind me working with for my thesis, I will be very grateful. Thank you
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That's great to see that you are working on data analysis and business intelligence. There are many trending available topics. Such as,
  • Data Security
  • Data Discovery/Visualization
  • SaaS BI
  • Predictive And Prescriptive Analytics
  • Collaborative Business Intelligence
After topic selection. Mainly, you need to read some research papers on your selected topic. You can search to it Google Scholar, Researchget. You will get lots of papers on your selected topic. Then prepare your research idea.
Then selected datasets from online (Kaggle, UCI, and others ). Or you heve real-time data that will great always. And start work.
If you have any other queries you can ask me. No problem. I hope you can do it.
Best of Luck!
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I propose an analysis of changes in behavioral behavior of consumers, business entities and other participants of individual markets, which can be observed on the basis of the analysis of entries, comments, posts, etc. typed by users of social media portals.
These studies are carried out as part of the sentiment analysis on data downloaded from the Internet and collected in Big Data database systems.
What is more interesting is the Business Intelligence type of analysis carried out in business entities using specialized software. The development of analytical platforms operating in the Business Intelligence formula automates and objectivises economic, financial and technical-economic analyzes regarding the functioning of business entities.
Please, answer, comments. I invite you to the discussion.
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The SARS-CoV-2 (Covid-19) coronavirus pandemic has changed the behavior of consumers who shop online more and more frequently.
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Dariusz Prokopowicz
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The development of accounting and financial reporting should be correlated with technological progress in this area, i.e. should take into account the development of IT applications that are commonly used in accounting, accounting and financial reporting in business entities. In addition, in recent years, instrumentalization, standardization and computerization of conducting economic, financial, indicator, fundamental analyzes, etc. supporting reporting processes have been developing rapidly.
In addition, computerized analytics concerning the processing of data generated, among others, in accounting systems on Business Intelligence platforms are also developing. Analyzes carried out in the cloud using Business Intelligence based on data collected in Big Data database systems support financial management processes and management of the entire economic activity conducted by a specific company or financial, public, etc. institute.
Do you agree with my opinion on this matter?
In view of the above, I am asking you the following question:
What are the main determinants of the development of accounting and financial reporting?
Please reply
The issues of the use of information contained in Big Data database systems for the purposes of carrying out Business Intelligence analyzes are described in the publications:
I invite you to discussion and scientific cooperation
Best wishes
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Dear Agumas Alamirew Mebratu,
Thank you for your reply, ie for your views on the main determinants of accounting development and financial reporting influencing the country's accounting development.
Thank you, Best regards,
Dariusz Prokopowicz
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What kind of scientific research dominate in the field of Business Intelligence analytics?
Please, provide your suggestions for a question, problem or research thesis in the issues: Business Intelligence analytics.
Please reply. I invite you to the discussion
Dear Colleagues and Friends from RG
The key aspects and determinants of applications of data processing technologies in Big Data database systems are described in the following publications:
I invite you to discussion and cooperation.
Best wishes
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The SARS-CoV-2 (Covid-19) coronavirus pandemic has increased the scale of digitization and computerization of remote communication processes and various areas of economic activity. The implementation of ICT and Industry 4.0 information technologies in enterprises is carried out in order to improve the processes of production logistics, supply and distribution, to improve enterprise management processes, etc. services etc. Therefore, the following question arises: Has the Coronavirus pandemic also caused an increase in the use of computerized analytics and reporting based on Business Intelligence platforms in companies, enterprises and institutions?
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Dariusz Prokopowicz
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as to my supply chain thesis I am interested in supply chain performance, KPI tree and business intelligence
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In my opinion, the combination of technologies typical of the technological revolution known as Industry 4.0 may turn out to be one of the key determinants of civilization progress in the 21st century.
At present, in the age of the technological revolution known as the 4.0 industry, new concepts of technological management or Internet-based companies are being created.
The technological revolution in recent years, known as Industry 4.0, is motivated by the development of the following factors:
Big Data database technologies, cloud computing, machine learning, Internet of Things, artificial intelligence.
In addition, in the knowledge-based economy, the important areas of knowledge and technologies that are developed are primarily the development of data processing analytics in Business Intelligence enterprises, the development of life science technologies, biotechnology, eco-innovation, RES energy, medical intelligence, etc.
On the basis of the development of the new technological solutions mentioned in recent years, the processes of innovatively organized analyzes of large information collections gathered in Big Data database systems dynamically develop.
In view of the above, I would like to ask you: Which technologies will determine the development of civilization in the 21st century?
Please, answer, comments. I invite you to the discussion.
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Dear Aijaz Panhwar,
Thank you for your answer. I also believe that information technologies and ICT are among the technologies that will develop dynamically in the future.
Thank you,
Best wishes,
Dariusz Prokopowicz
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Hello dear community,
I am looking for a valid and empirically tested conceptual model that links the following concepts: Business intelligence systems, decision making process and decision quality
Thanks for your help
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This is the direct link to various models https://is.theorizeit.org/wiki/Main_Page
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Which of the algorithms identified in artificial intelligence can be used to design an intelligent management dashboard with the help of Devops that increase the performance of an organization by implementing enterprice architecture in it? The purpose of smart management dashboard with the help of these algorithms and devops in enterprise architecture
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Please refer these two documents..
AI using Chatbots
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If in many research works, for the purposes of conducted scientific research, the analysis of information collected in Big Data database systems is already used, more and more attempts will be made by various research centers to use data processing in the cloud data collected in Big Data database systems. The data mining technology, artificial intelligence, business intelligence and other advanced information and analytical technologies will also be added to this.
I invite you to the discussion
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In 2020, the SARS-CoV-2 (Covid-19) coronavirus pandemic accelerated the processes of digitization and internetization of remote communication processes, economic and other processes. This increase was mainly due to the implementation of ICT and Industry 4.0 information technologies, including Big Data Analytics, Internet of Things technology, cloud computing, learning machines, etc. to economic processes. Thanks to the growing financial outlays for the development of the aforementioned ICT and Industry 4.0 information technologies and their implementation into economic processes, new business, technological, logistic innovations, etc. are emerging. For example, many companies are currently investing in the development of computerized platforms in order to generate the so-called digital twins who are digital equivalents of business, logistics, production and other processes taking place in the economic entity that create these innovative solutions. Thanks to this, innovative instruments supporting forecasting analyzes of economic processes are created, and thus additional instruments supporting company management processes.
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Dariusz Prokopowicz
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Business entity management processes are more and more often supported by computerized Business Intelligence platforms that facilitate multi-criteria analysis and reporting.
Complex, multi-criteria analyzes regarding the verification of large companies' operations require aggregation and analytical processing of large data sets in Big Data database systems.
Specialized IT companies produce applications that help in conducting economic analyzes, i.e. the Business Intelligence platform.
More and more often, large and medium-sized companies use these platforms to adapt them to the specifics of their business.
However, in what direction will technological progress be realized in this field?
In view of the above, the current question is: Will the artificial intelligence for Business Intelligence application be implemented as part of the progressing computerization of analytical processes?
Please, answer, comments. I invite you to the discussion.
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Inevitably. A more interesting question is to do what? And why?
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How should there be an active cooperation between business and science? How should the development of clusters and agreements between cooperating enterprises and science centers, scientific institutes and universities be facilitated in the economic policy of the state?
In my opinion, there should be an active cooperation between business and science. I believe that in the economic policy of the state it is necessary to develop the facilitation of the development of clusters and agreements of cooperating enterprises with science centers, with research institutes and universities. Business development should result from scientific knowledge. Businessmen should consult scientists about business development. Scientists are more and more often engaged as consultants working on the needs of business. Entrepreneurs should use the analytical tools developed by scientists, for example in the area of ​​improvement of business analytics tools, developed computerized tools for advanced information processing, eg in Big Data database systems using Business Intelligence analytical platforms. But this is just an example of this type of cooperation between business and science.
On the other hand, it happens more and more often that researchers and scientists start startups or develop research programs, the effect of which is to create a new type of material or technology, innovative solutions. Then, such innovative solutions, which were created in research laboratories, are increasingly implemented in industry. It happens that the state co-finances large research programs, such as space exploration programs. During these high-budget research programs, new technologies are created that are used in the production of many products offered to consumers or become the basis for the creation of new technological solutions implemented in the mass production of various types of products or services.
In addition, new business and economic concepts are developed and developed, such as the concepts of sustainable pro-ecological economic development, the important element of which is the creation and implementation of eco-innovations into the industry, eg the purpose of developing new renewable energy sources. Such processes, whose aim is to reform the energy sector as quickly as possible and convert classic energy sources based on the combustion of minerals to environmentally friendly renewable energy sources are an example of necessary reforms that can be effectively implemented through cooperation of businessmen with scientists and design and implementation of large infrastructure investments and construction of a power plant for the production of electricity as part of the development of renewable energy sources from financial resources of private companies in the financial support of the state.
In connection with the above, there are more and more examples of synergies of development of private or state-supported investment ventures and developing business with the world of science. The state, as part of pro-development state interventionism, should develop its innovation and development policy as a key element of pro-development economic policy, within which it should support, as well as financially and actively, enterprises and the world of science. As part of this activation, facilitations should be created, for example through a system of tax breaks for the development of clusters and agreements between cooperating enterprises and science centers, scientific institutes and universities. This is a particularly important pro-development element in knowledge-based economies.
Do you agree with my opinion on this matter?
In view of the above, I am asking you the following question:
Should business cooperation with science develop? How to support the development of business cooperation with science? How should there be an active cooperation between business and science? How should the development of clusters and agreements between cooperating enterprises and science centers, scientific institutes and universities be facilitated in the economic policy of the state?
Please reply
I invite you to the discussion
Thank you very much
Best wishes
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Dear Dariusz Prokopowicz The relationship between science and business has been evolving. However, the interaction between the two has not always been so smooth. There is a lot of misunderstanding or a difference in expectations on either side. Increasingly, businesses rely on research to develop new solutions. However, the disconnect between the pace of industry and that of research and innovation has to be improved. The below mentioned link throws some light on the ways how it can be improved:
Thanks!
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The current technological revolution, known as Industry 4.0, is determined by the development of the following technologies of advanced information processing: Big Data database technologies, cloud computing, machine learning, Internet of Things, artificial intelligence, Business Intelligence and other advanced data mining technologies.
In connection with the above, I would like to ask you:
Is the process of conducting economic analyzes improved thanks to the development of information technology Industry 4.0?
For example, whether through the use of information technologies in analytical processes such as database technologies for collecting and processing, analyzing large data sets in Big Data database systems, in cloud computing, using the Internet of Things, artificial intelligence, economic analyzes carried out on computerized platforms Business Intelligence - it is possible to effectively analyze much larger amounts of economic data concerning individual companies, their contractors and the economic, market and macroeconomic environment than before, ie a few years ago when these technologies were not used while carrying out economic, fundamental and financial, indicative analyzes e.t.c.?
Please reply
Best wishes
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Yes you are right. Thanks to the use of Industry 4.0 technology, operations are improved, logistics processes are improved, e.g. supply logistics, distribution, production and e-logistics. This increases the efficiency of production processes, optimizes the operational costs of the production process, increases the scale of automation and objectification of production processes, reduces the scale of errors and failures, and improves the quality of manufactured products. Then, thanks to ICT, Internet and Industry 4.0 information technologies, including smart technologies, Internet of Things technologies, cloud computing, Big Data Analytics, machine learning, artificial intelligence, robotics, etc., data describing production processes can be processed and analyzed using computerized Business Intelligence platforms and used in real-time reporting. The reports obtained in this way are helpful in the efficient management of an organization, enterprise, company, corporation, financial or public institution.
Best wishes,
Dariusz Prokopowicz
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Mentioning above keywords phrase in google search provides multiple outcomes, mostly articles from online magazines like CIO, Granter and more plus few pdf docs from different sources. Looking forward to have more comprehensive case studies on stated subject matter focused on a particular company preferably / industry / region. Thanks in advance for help !
I am looking for the following :
"Failure of business intelligence case studies"
"Failure of Artificial Intelligence case studies"
"Failure of social-media case studies"
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خذ الاتجاه المعاكس لو سمحت وهو نجاح دراسات ذكاء الاعمال ، لمعرفة حالات الفشل فيما بعد
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The analytics conducted on computerized Business Intelligence platforms is one of the key advanced information technology technologies of the fourth technological revolution, known as Industry 4.0.
The current technological revolution, known as Industry 4.0, is determined by the development of the following technologies of advanced information processing: Big Data database technologies, cloud computing, machine learning, Internet of Things, artificial intelligence, Business Intelligence and other advanced data mining technologies.
The analytics conducted on computerized Business Intelligence platforms currently supports business management processes, facilitates identification of opportunities and threats to business development, allows for quick generation of analytical reports on selected issues in the economic and financial situation of the business entity.
Do you agree with my opinion on this matter?
In view of the above, I am asking you the following question:
What future applications of analytics will be developed on computerized Business Intelligence platforms?
Please reply
I invite you to the discussion
The issues of the use of information contained in Big Data database systems for the purposes of conducting Business Intelligence analyzes are described in the publications:
I invite you to discussion and cooperation.
Best wishes
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Thank you very much for the interesting data provided regarding the application of Business Intelligence analytics.
Best regards,
Dariusz Prokopowicz
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Do the results of conducted analyzes using Big Data database technologies and Business Intelligence analytics enable improving the accuracy of conducted economic and financial analyzes and other analyzes of the fundamental analysis type and other analyzes of economic effectiveness, economic and financial situation, property valuation, determining the development perspectives of enterprises and improvement of credit risk management processes?
In the context of the above discussion, another question arises:
- Is it possible to improve the credit risk management processes as a result of the use of Big Data database technologies and Business Intelligence analytics for fundamental analysis and other analyzes regarding the economic performance research, economic and financial situation, property valuation, determining business development perspectives?
- Do the results of conducted analyzes using Big Data database technologies and Business Intelligence analytics allow to improve the accuracy of conducted analyzes and increase the probability of prediction, forecasted phenomena and economic processes occurring?
Do you agree with my opinion on this matter?
In view of the above, I am asking you the following question:
Does the use of Big Data database technologies and Business Intelligence analytics for analytical processes of the analysis of the economic and financial situation of enterprises enable the improvement of credit risk management processes in commercial banks?
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Dear Colleagues and Friends from RG
The issues of the use of information contained in Big Data database systems for the purposes of carrying out Business Intelligence analyzes are described in the publications:
I invite you to discussion and cooperation.
Thank you very much
Best wishes
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Artificial intelligence (AI), and the machine learning techniques that form the core of AI, are transforming, and will revolutionise, how we approach financial risk management. Everything to do with understanding and controlling risk is up for grabs through the growth of AI-driven solutions: from deciding how much a bank should lend to a customer, to providing warning signals to financial market traders about position risk, to detecting customer and insider fraud, and improving compliance and reducing model risk... Aziz, S., & Dowling, M. (2019). Machine learning and AI for risk management. In Disrupting Finance (pp. 33-50). Palgrave Pivot, Cham.
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Is the role of strategic management changing in the context of current economic processes and the development of new information technologies typical of the current fourth technological revolution, known as Industry 4.0?
Strategic management is an important area of ​​management in the context of management of both individual enterprises (microeconomically) as well as domestic economic policy (macroeconomics).
In connection with the development of internationally operating corporations, strategic management acquires a new character, it becomes a part of the study of information and economic globalization processes.
In addition, strategic management can also change its charler in relation to processes such as prolonged business cycles, shortened life cycles of products, increased importance of information, technology, innovation, etc. as particularly important production factors in knowledge-based enterprises and economies in which an ever-increasing role of fully computerized advanced information processing technology, ie technologies typical of the current fourth technological revolution, known as Industry 4.0.
The current technological revolution, known as Industry 4.0, is determined by the development of the following technologies of advanced information processing: Big Data database technologies, cloud computing, machine learning, Internet of Things, artificial intelligence, Business Intelligence and other advanced data mining technologies.
Do you agree with my opinion on this matter?
In view of the above, I am asking you the following question:
Is the role of strategic management changing in the context of current economic processes?
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It may be necessary to change the attitude and methodology of explaining and discovering the appropriate strategy management, according to iera of Industry 4.0 based on determining factors such as information technology, ICT and most importantly, human aspects.
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Greetings,
I am a Ph.D. student and have the following assignmnet:
Research in databases and business intelligence. Your task for this week is to recreate an experiment conducted in a recent research paper. Select a study to recreate which has been published in the last two years.
Where can I find experiments that I can do at home?
Thank you,
Jack
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Dear Jack Baxter,
If the condition is to find experiments suitable to be conducted in a remote way, maybe you can prioritize online questionaires. You can search through academic sites such as Springer, Science Research, Google Scholar, Academia.edu. Obviously I suggest to do your search through this platform, in my experience I have got interesting outcomes.
Best,
Pía
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Hello everyone
what are differences and similarities between data science, data analysis and business intelligence?
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The three (data science, data analysis and business intelligence) involve data. In fact, data science and business intelligence involve data analysis.
In the practice, there can easily be an overlapping of techniques as deemed necessary for a specific work.
Business intelligence is more focused on the output, visuals and end-user tools that a business consumes to benefit from frequently updated figures. It had its boom a decade or two ago, when the expertise was very expensive and demanded, although the market continues growing nowadays. It deals more with the structuring and standardization of data objects in a data warehouse, and sometimes cubes, with all its specialized source data processing (e.g. ETL, ELT) end to end methods.
Data science, on the other hand, has been there for much longer. It is more about the methodologies, scientific approaches and ad-hoc analyses than the tools. It normally does not spend too much on the look and feel of the output, but rather on the meaning and value of the insights or findings of experiments. It includes machine learning algorithms, models, data pipeline and exploration techniques for which you can find literature dating back to 50 years ago. There are data scientists and/or statisticians in laboratories or offices employing data science alike.
While it is acceptable that a data science assignment is done by a single person, a business intelligence work in a professional environment used to demand two or more experts (front- and back-end). However, the industry has been changing, and the empowerment of end-users with self-service is sacrificing process stability in exchange for faster, more agile results, leading to a combination of different practices. As recent example: super users or citizen developers using Power BI with Python for machine learning.
In case you meant data analytics (instead of data analysis), this deserves much more writing, but in summary: it covers a combination of multiple (if not all and more) of the above concepts. It deals with supervised and unsupervised machine learning, like in data science, but spanning from descriptive and predictive to prescriptive and cognitive data analysis techniques.
Each topic can have a full book of details and there will be multiple points to compare, with more similarities than differences in terms of data management practices.
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What are the determinants of improving the marketing activities of enterprises through the use of advanced information, teleinformation, communication, Internet and advanced information processing technologies?
In my opinion, the development of Internet information services will be determined by technological progress in the field of new ICT technologies and advanced data processing techniques typical of the current technological revolution, known as Industry 4.0.
The development of information processing technology in the era of the current technological revolution determined by Industry 4.0 is determined by the application of new information technologies, for example in the field of e-commerce and e-marketing. These solutions are the basis for business success of the largest Internet technology companies that offer on the Internet information retrieval services, data collection and processing in the cloud (eg Google) and providing information services on developed social media platforms (eg Facebook, Instagram, YouTube, Tweeter, LinkedIn, Pinterest, and others).
The current technological revolution known as Industry 4.0 is motivated by the development of the following factors: Big Data database technologies, cloud computing, machine learning, Internet of Things, artificial intelligence, Business Intelligence and other advanced data mining technologies. The mentioned information technologies in connection with the improvement of ICT and communication technologies, with the progressive process of increasing computing power of computers will become an important determinant of technological progress in various branches of industry in the coming years.
On the basis of the development of the new technological solutions in recent years, dynamically developing processes of innovatively organized analyzes of large information sets stored in Big Data database systems and computing cloud computing for applications in such areas as: machine learning, Internet of Things, artificial intelligence are dynamically developing, Business Intelligence. Added to this are additional areas of application of advanced technologies for the analysis of large data sets such as Medical Intelligence, Life Science, Green Energy, etc. Processing and multi-criteria analysis of large data sets in Big Data database systems is made according to the V4 concept, ie Volume (meaning number of data), Value (large values ​​of specific parameters of the analyzed information), Velocity (high speed of new information appearing) and Variety (high variety of information).
The advanced information processing and analysis technologies mentioned above are used more and more often for marketing purposes of various business entities that advertise their offer on the Internet or analyze the needs in this area reported by other entities, including companies, corporations, financial and public institutions. More and more commercial business entities and financial institutions conduct marketing activities on the Internet, including on social media portals.
The abovementioned information and communication technologies combined with the improvement of ICT techniques and the implementation of Business Intelligence analytics to the processes of economic and financial, economic, macroeconomic and market analyzes may be instrumental to efficient and effective management of economic, investment and enterprises processes, including analyzes carried out for the purpose of improving marketing activities in enterprises.
More and more companies, banks and other entities need to conduct multi-criteria analyzes on large data sets downloaded from the Internet describing the markets on which they operate, as well as contractors and clients with whom they cooperate. On the other hand, there are already specialized technology companies that offer this type of analytical services, develop customized reports that are the result of multicriteria analyzes of large data sets obtained from various websites and from entries and comments on social media portals.
Do you agree with me on the above matter?
In the context of the above issues, I am asking you the following question:
What are the determinants of improving the marketing activities of enterprises through the use of advanced information, teleinformation, communication, Internet and advanced information processing technologies?
Please reply
I invite you to the discussion
Thank you very much
Best wishes
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Marketing 4.0 emerged in consequence of various changes sourced from intense global competition, new type of consumers and rapid development in technologies (Vassileva, 2017). Actually, whether it is a new phenomenon or it is a modification of existing marketing implementations is discussed in the literature (Jara et al., 2012, p. 854; Tarabasz, 2013, p. 129; Nowacki 2015, p. 315). Like previous marketing concepts, customers are still the center of the marketing activities however; the difference lies behind the market conditions. Marketing 4.0 is operated in extremely cybernetic marketing system in which business transactions and customer activities can be monitored in real time (Dholakia et al., 2010, p.497). Marketing 4.0 focuses on satisfaction of customers’ needs and desires like first two generations and it tries to create value for all entities like third generation. In addition to them, it offers a direct interaction of consumers with products with enhanced technology (Jara et al., 2012, p. 854). Consumers can either display the features of the product or purchase it by scanning matrix barcode, radio frequency identification (RFID) and near field communication (NFC) tags themselves.... BAŞYAZICIOĞLU, H. N., & Karamustafa, K. (2018). Marketing 4.0: impacts of technological developments on marketing activities. Kırıkkale Üniversitesi Sosyal Bilimler Dergisi, 8(2), 621-640.
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Logistics of production + Business Intelligence + Internet of Things + Learning machines + Internet + Big Data = Advanced analytics supporting production logistics processes?
Is the combination of currently developed technologies of Industry 4.0, ie above all advanced information technologies: Business Intelligence + Internet of Things + Learning machines + Internet + Big Data and Internet ICT and their application in the field of production logistics will lead in the next years to the emergence of advanced support analytics production logistics processes, including the development of production e-logistics?
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... Industry 4.0 is expected to have a significant impact on supply chains, business models, and processes in order to achieve an MSC. Researchers use different names for Industry 4.0 in the supply chain management context: digital supply network (DSN), Internet of Things, E-Supply Chain, Supply Chain 4.0, E-logistics, or Logistics 4.0...Industry 4.0 increases digitalization and automation in manufacturing, and creates a digital process to facilitate interaction among all parts of a company. By implementing Industry 4.0 in the supply chain systems, four main SC elements—integration, operations, purchasing, and distribution—are affected and can increase the productivity of companies as well (Kayikci, 2018).... The main benefits of Industry 4.0 in the SC are to reduce the lead time for delivery of products to customers, reduce the time to respond to an unforeseen event, and to prompt a significant increase in decision-making quality (Barreto et al., 2017).... Industry 4.0 can help companies afford complicated and dynamic processes in their SC and to handle large-scale production and integration of customers (Rennung et al., 2016).... Industry 4.0 can bring positive benefits in current sales and operations planning and also in the logistics process (Santos et al., 2017).... After implementing Industry 4.0, real-time information can be shared across this digitalized process to drive useful decisions. ...
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In managing the technology of advanced processing and analysis of large information sets in Big Data database systems, there is no hope but it is already used in practice. Big Data database systems are used in many fields of analysis of large data sets and support business management processes, among others by supporting processes carried out in Business Intelligence framework.
Do you agree with me on the above matter?
In the context of the above issues, the following question is valid:
Do Big Data technologies support business management processes?
In what direction will the process of research and application of Big Data technology, which support business management processes, progress?
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Yes, they do.
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The development of IT and information technologies increasingly affects economic processes taking place in various branches and sectors of contemporary developed and developing economies.
Information technology and advanced information processing are increasingly affecting people's lives and business ventures.
The current technological revolution, known as Industry 4.0, is determined by the development of the following technologies of advanced information processing: Big Data database technologies, cloud computing, machine learning, Internet of Things, artificial intelligence, Business Intelligence and other advanced data mining technologies.
In connection with the above, I would like to ask you:
How to measure the value added in the national economy resulting from the development of information and IT technologies?
Please reply
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Dear Tarandeep Anand, Reza Biria, Krishnan M S, Thank you very much for participating in this discussion and providing inspiring and informative answers to the above question: How to measure the value added in the national economy resulting from the development of information and IT technologies? Thank you very much for your inspiring, interesting and highly substantive answer.
Thank you very much and best regards,
Dariusz Prokopowicz
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What connections exist or may exist in the future between Blockchain technology and other online information technologies?
In my opinion, Internet information technologies and Blockchain will be intensively developed in the coming years and there will be more and more applications in which it will be possible to connect technologies typical of the current industrial revolution known as Industry 4.0 as: Big Data database technologies, cloud computing, machine learning, Internet of Things, artificial intelligence, Business Intelligence, Data Mining, Blockchain and other technologies for the analysis and processing of digital information.
Please, answer, comments.
I invite you to the discussion.
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great question
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Dear researchers im looking for information technology management(business intelligence orientation) phd thesis. i googled my question and found many topics but most of them have it or management label which is not what im looking for. i just want to fin ones directly for it management .
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Dear friend
As like you, I’m following to found out the best PhD. Subject, but I’ve confused in many items. But, as my mentor suggested me to focus in two main issues . As we’re PhD. Candidate, our proposal should be able to contribute in ISI journal or other academic area. The second one it should be applicable or able to solve an important problem for any organization or you may interest cutting edges of pure science . You may need to support by any organization. So in my recommendation, please make a comparative ( important – approach) matrix, and you may concern in three major items( inputs , process, outputs )and compare whit your capabilities , goals, and destination . Then you may choose the best subject that you interested in.
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Dear all,
my master is about self-service BI software and the usage of the BI-software for a specific case: for resource planning of research projects, +usage the software in the controlling. (for example, for planning of employee capacities/resources)
my second question is: Are there any specific modules/functions in the software to support the resource planning?
-for example predictive Analytics or calendar function?
It would be very nice to discuss this topic with you.
Many thanks for your help,
Brigitta
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Business intelligence is a very important component of project management and success
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Thats for a business intelligence work of my university, thanks!
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If you need all of the United States or an individual state, I would recommend that you contact the National Climate Data Center (NCDC) with the National Oceanic Atmospheric Administration (NOAA) at ncdc.noaa.gov. Historic weather data for the USA is stored by NOAA and allows the public to access the weather records at NCDC. A Contact selection is at the top of the page, you can ask your question there. I don't know how far this agency's records go back but they have an enormous amt of records stored there. Occasionally I might need this info in my Environmental gov position, but we just order the records from NOAA that we need. I think that you should be able to gain access to the information for some of the years if not all of the years that you need online.
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I'm reviewing the article of Big Data Analytics on Business Intelligence.
But I still don't understand the related BDA and BI and BDA Process on BI.
Could you please help me?
My question is:
- what is the relationship between the BDA and BI?
- what is the BDA Process on BI?
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Big Data Analytics is multi-criteria, complex analytical processes carried out on large data sets. On the other hand, Business Intelligence is analytics carried out using advanced research formulas, complex algorithms, in systems that collect data from various sources, aggregate, statistically processing, reporting according to the question asked and the purpose of the research. Currently, the importance of analytical processes and the construction of computerized analytical platforms combining Big Data Analytics, Business Intelligence and other advanced data processing technologies Industry 4.0 is growing, including the implementation of Internet of Things technologies into these analytical platforms, cloud computing, learning machines, artificial intelligence, etc. to develop prognostic analyzes. I wrote more about this in the comments, questions and answers on my Research Gate profile. I conduct research in this area. The conclusions of the research I published in scientific publications that are available on the Research Gate portal.
Best wishes.
Dariusz Prokopowicz
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Are Big Data database technologies already used to improve fundamental and technical analysis for capital companies whose securities issued by these companies are traded on the stock exchange market?
Fundamental and technical analysis are basic research methods of verification of available economic and financial data, market data and developments on the stock exchange market, whose primary function is to provide the necessary information for the purpose of making decisions on investing in securities.
For many years, discussions and considerations inspired by such questions have been conducted:
- What kind of analysis of economic and other data provides better knowledge for investing in securities listed on the stock exchange?
- Which analysis, ie fundamental or technical analysis, provides better knowledge for investing in securities listed on the stock exchange?
- Thanks to which analysis, ie fundamental and technical analysis, investors achieve the best results in investing, the highest returns on investment in securities listed on the stock exchange?
- Which investment strategies are the most effective? Are the most effective investment strategies based on conducting fundamental or technical analysis and maybe on a specific combination of both types of analysis?
However, due to the development of new computerized technologies of advanced processing of large collections of information, new questions have recently appeared in the field of fundamental and technical analysis in the context of investment decisions made for financial and investment transactions carried out on capital markets.
The current technological revolution, known as Industry 4.0, is determined by the development of the following technologies of advanced information processing: Big Data database technologies, cloud computing, machine learning, Internet of Things, artificial intelligence, Business Intelligence and other advanced data mining technologies.
Some of the advanced technology information technologies typical of the current technological revolution are already used for the improvement of analytical processes conducted in various fields of knowledge. One of these areas is the issue of economic and financial analyzes, the aim of which is to diagnose the situation of a particular enterprise, financial institution, issuer of securities or another economic entity.
In connection with the above, I am asking you with the following query:
Are Big Data database technologies already used to improve fundamental and technical analysis for capital companies whose securities issued by these companies are traded on the stock exchange market?
Please reply
I invite you to the discussion
Thank you very much
Best wishes