Using data-driven safety decision-making to realize smart safety management in the era of big data: A theoretical perspective on basic questions and their answers

2019 ◽  
Vol 210 ◽  
pp. 1595-1604 ◽  
Author(s):  
Bing Wang ◽  
Chao Wu ◽  
Lang Huang ◽  
Liangguo Kang
Keyword(s):  
Decision Making ◽  
Big Data ◽  
Safety Management ◽  
Theoretical Perspective ◽  
Data Driven ◽  
Using Data ◽  
Smart Safety

scholarly journals Big Data Analytics in Government: Improving Decision Making for R&D Investment in Korean SMEs

2019 ◽  
Vol 12 (1) ◽  
pp. 202
Author(s):  
Eun Sun Kim ◽  
Yunjeong Choi ◽  
Jeongeun Byun
Keyword(s):  
Decision Making ◽  
Big Data ◽  
Data Analytics ◽  
Big Data Analytics ◽  
Data Driven ◽  
Medium Size ◽  
The Government ◽  
Using Data ◽  
High Level ◽  
D Investment

To expand the field of governmental applications of Big Data analytics, this study presents a case of data-driven decision-making using information on research and development (R&D) projects in Korea. The Korean government has continuously expanded the proportion of its R&D investment in small and medium-size enterprises to improve the commercialization performance of national R&D projects. However, the government has struggled with the so-called “Korea R&D Paradox”, which refers to how performance has lagged despite the high level of investment in R&D. Using data from 48,309 national R&D projects carried out by enterprises from 2013 to 2017, we perform a cluster analysis and decision tree analysis to derive the determinants of their commercialization performance. This study provides government entities with insights into how they might adjust their approach to Big Data analytics to improve the efficiency of R&D investment in small- and medium-sized enterprises.

scholarly journals Analysis of Decision Making Process in Moneyball: The Art of Winning an Unfair Game

The Winners ◽  
2015 ◽  
Vol 16 (1) ◽  
pp. 57
Author(s):  
Mochamad Sandy Triady ◽  
Ami Fitri Utami
Keyword(s):  
Decision Making ◽  
Excellent Result ◽  
Data Driven ◽  
Decision Making Process ◽  
Data Driven Decision Making ◽  
General Manager ◽  
Use Of Data ◽  
Bottom Position ◽  
Using Data ◽  
Baseball Team

Billy Beanes’s success in using data-driven decision making in baseball industry is wonderfully written by Michael Lewis in Moneyball. As a general manager in baseball team that were in the bottom position of the league from the financial side to acquire the players, Beane, along with his partner, explored the use of data in choosing the team’s player. They figured out how to determine the worth of every player.The process was not smooth, due to the condition of baseball industry that was not common with using advanced statistic in acquiring   players. Many teams still use the old paradigm that rely on experts’ judgments, intuition, or experience in decision making process. Moneyball approached that using data-driven decision making gave excellent result for Beane’s team. The team won 20 gamessequently in the 2002 season and also spent the lowest cost per win than other teams.This paper attempts to review the principles of Moneyball – The Art of Winning an Unfair Game as a process of decision making and gives what we can learn from the story in order to win the games, the unfair games.

The Full Knowledge of Big Data in the Integration of Inter-Organizational Information

Web Services ◽  
2019 ◽  
pp. 803-821
Author(s):  
Thiago Poleto ◽  
Victor Diogho Heuer de Carvalho ◽  
Ana Paula Cabral Seixas Costa
Keyword(s):  
Decision Making ◽  
Big Data ◽  
Decision Support ◽  
Decision Making Process ◽  
Data Repositories ◽  
Modeling And Analysis ◽  
Incremental Change ◽  
Working Together ◽  
Full Knowledge ◽  
Using Data

Big Data is a radical shift or an incremental change for the existing digital infrastructures, that include the toolset used to aid the decision making process such as information systems, data repositories, formal modeling, and analysis of decisions. This work aims to provide a theoretical approach about the elements necessary to apply the big data concept in the decision making process. It identifies key components of the big data to define an integrated model of decision making using data mining, business intelligence, decision support systems, and organizational learning all working together to provide decision support with a reliable visualization of the decision-related opportunities. The concepts of data integration and semantic also was explored in order to demonstrate that, once mined, data must be integrated, ensuring conceptual connections and bequeathing meaning to use them appropriately for problem solving in decision.

Effective Statistical Methods for Big Data Analytics

2017 ◽  
pp. 280-299 ◽  
Author(s):  
Cheng Meng ◽  
Ye Wang ◽  
Xinlian Zhang ◽  
Abhyuday Mandal ◽  
Wenxuan Zhong ◽  
...  
Keyword(s):  
Decision Making ◽  
Big Data ◽  
Knowledge Discovery ◽  
Statistical Methods ◽  
Large Scale ◽  
Big Data Analytics ◽  
Divide And Conquer ◽  
Data Driven ◽  
The Past ◽  
Large Scale Dataset

With advances in technologies in the past decade, the amount of data generated and recorded has grown enormously in virtually all fields of industry and science. This extraordinary amount of data provides unprecedented opportunities for data-driven decision-making and knowledge discovery. However, the task of analyzing such large-scale dataset poses significant challenges and calls for innovative statistical methods specifically designed for faster speed and higher efficiency. In this chapter, we review currently available methods for big data, with a focus on the subsampling methods using statistical leveraging and divide and conquer methods.

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