A framework for big data analytics approach to failure prediction of construction firms

This study explored use of big data analytics (BDA) to analyse data of a large number of construction firms to develop a construction business failure prediction model (CB-FPM). Careful analysis of literature revealed financial ratios as the best form of variable for this problem. Because of MapReduce’s unsuitability for iteration problems involved in developing CB-FPMs, various BDA initiatives for iteration problems were identified. A BDA framework for developing CB-FPM was proposed. It was validated by using 150,000 datacells of 30,000 construction firms, artificial neural network, Amazon Elastic Compute Cloud, Apache Spark and the R software. The BDA CB-FPM was developed in eight seconds while the same process without BDA was aborted after nine hours without success. This shows the issue of not wanting to use large dataset to develop CB-FPM due to tedious duration is resolvable by applying BDA technique. The BDA CB-FPM largely outperformed an ordinary CB-FPM developed with a dataset of 200 construction firms, proving that use of larger sample size with the aid of BDA, leads to better performing CB-FPMs. The high financial and social cost associated with misclassifications (i.e. model error) thus makes adoption of BDA CB-FPMs very important for, among others, financiers, clients and policy makers.

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A Big Data Analytics Approach for Construction Firms Failure Prediction Models

IEEE Transactions on Engineering Management ◽

10.1109/tem.2018.2856376 ◽

2019 ◽

Vol 66 (4) ◽

pp. 689-698 ◽

Cited By ~ 4

Author(s):

Hafiz Alaka ◽

Lukumon Oyedele ◽

Hakeem Owolabi ◽

Olugbenga Akinade ◽

Muhammad Bilal ◽

...

Keyword(s):

Big Data ◽

Data Analytics ◽

Prediction Models ◽

Big Data Analytics ◽

Failure Prediction ◽

Construction Firms

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EXPRESS: “Get a £10 Free Bet Every Week!” – Gambling Advertising on Twitter: Volume, Content, Followers, Engagement and Regulatory Compliance

Journal of Public Policy & Marketing ◽

10.1177/0743915621999674 ◽

2021 ◽

pp. 074391562199967

Author(s):

Raffaello Rossi ◽

Agnes Nairn ◽

Josh Smith ◽

Christopher Inskip

Keyword(s):

Social Media ◽

Big Data ◽

Content Analysis ◽

Volume Content ◽

Data Analytics ◽

Big Data Analytics ◽

Regulatory Compliance ◽

The Internet ◽

Policy Recommendations ◽

Policy Makers

The internet raises substantial challenges for policy makers in regulating gambling harm. The proliferation of gambling advertising on Twitter is one such challenge. However, the sheer scale renders it extremely hard to investigate using conventional techniques. In this paper the authors present three UK Twitter gambling advertising studies using both Big Data analytics and manual content analysis to explore the volume and content of gambling adverts, the age and engagement of followers, and compliance with UK advertising regulations. They analyse 890k organic adverts from 417 accounts along with data on 620k followers and 457k engagements (replies and retweets). They find that around 41,000 UK children follow Twitter gambling accounts, and that two-thirds of gambling advertising Tweets fail to fully comply with regulations. Adverts for eSports gambling are markedly different from those for traditional gambling (e.g. on soccer, casinos and lotteries) and appear to have strong appeal for children, with 28% of engagements with eSports gambling ads from under 16s. The authors make six policy recommendations: spotlight eSports gambling advertising; create new social-media-specific regulations; revise regulation on content appealing to children; use technology to block under-18s from seeing gambling ads; require ad-labelling of organic gambling Tweets; and deploy better enforcement.

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Strategic determinants of big data analytics in the AEC sector: a multi-perspective framework

Construction Economics and Building ◽

10.5130/ajceb.v20i4.6649 ◽

2020 ◽

Vol 20 (4) ◽

Author(s):

Sushil S. Chaurasia ◽

Surabhi Verma

Keyword(s):

Big Data ◽

Data Analytics ◽

Construction Projects ◽

Big Data Analytics ◽

Large Data ◽

Service Firms ◽

Contributing Factors ◽

Holistic Model ◽

Construction Firms ◽

Aec Industry

With constant flow of large data sets generated by different organisations, big data analytics promises to be a revolutionary game changer for Architecture, Engineering and Construction (AEC) industry. Despite the potential of Big Data, there has been little research conducted thus far to understand the Big Data phenomenon, specifically in the AEC industry. The objective of this research therefore is to understand the contributing factors for adopting big data in AEC firms. The investigation combined the perceived strategic value of BDA with the TOE framework (technology, organization, and environment), to develop and test a holistic model on big data adoption. A set of hypotheses derived from the extant literature was tested on data from structured surveys of about 365 firms, categorised as construction service firms (engineering and architecture) and construction firms (firms engaged in managing construction projects). The results indicated that the inhibitors and facilitators of BDA adoption are different in the construction services (architecture and engineering) and construction firms. For effective adoption of BDA solutions, the findings will guide the business managers to have realistic expectations of BDA integration challenges in AEC sector.

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Big Data Analytics: The Next Big Thing

The Management Accountant Journal ◽

10.33516/maj.v54i5.20-24p ◽

2019 ◽

Vol 54 (5) ◽

pp. 20

Author(s):

Dheeraj Kumar Pradhan

Keyword(s):

Big Data ◽

Data Analytics ◽

Big Data Analytics

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Strategy in Discovery Mode - Wie Big Data & Analytics strategisches Denken verdrängen kann

WiSt - Wirtschaftswissenschaftliches Studium ◽

10.15358/0340-1650-2020-5-11 ◽

2020 ◽

Vol 49 (5) ◽

pp. 11-17

Author(s):

Thomas Wrona ◽

Pauline Reinecke

Keyword(s):

Big Data ◽

Data Analytics ◽

Big Data Analytics

Big Data & Analytics (BDA) ist zu einer kaum hinterfragten Institution für Effizienz und Wettbewerbsvorteil von Unternehmen geworden. Zu viele prominente Beispiele, wie der Erfolg von Google oder Amazon, scheinen die Bedeutung zu bestätigen, die Daten und Algorithmen zur Erlangung von langfristigen Wettbewerbsvorteilen zukommt. Sowohl die Praxis als auch die Wissenschaft scheinen geradezu euphorisch auf den „Datenzug“ aufzuspringen. Wenn Risiken thematisiert werden, dann handelt es sich meist um ethische Fragen. Dabei wird häufig übersehen, dass die diskutierten Vorteile sich primär aus einer operativen Effizienzperspektive ergeben. Strategische Wirkungen werden allenfalls in Bezug auf Geschäftsmodellinnovationen diskutiert, deren tatsächlicher Innovationsgrad noch zu beurteilen ist. Im Folgenden soll gezeigt werden, dass durch BDA zwar Wettbewerbsvorteile erzeugt werden können, dass aber hiermit auch große strategische Risiken verbunden sind, die derzeit kaum beachtet werden.

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