The Impact of Big Data Analytics on Risk Management and Decision Making: International conference on Recent Trends in Artificial Intelligence, IOT, Smart Cities & Applications (ICAISC-2020)

2020 ◽  
Author(s):  
Supratim Bhattacharya ◽  
Dr. Jayanta Poray ◽  
Priyanka Debnath
Keyword(s):  
Artificial Intelligence ◽  
Decision Making ◽  
Risk Management ◽  
Big Data ◽  
Data Analytics ◽  
Smart Cities ◽  
Big Data Analytics ◽  
International Conference ◽  
Recent Trends ◽  
The Impact

The influence of big data analytics management capabilities on supply chain preparedness, alertness and agility

2019 ◽  
Vol 32 (2) ◽  
pp. 297-318 ◽  
Author(s):  
Santanu Mandal
Keyword(s):  
Decision Making ◽  
Big Data ◽  
Supply Chain ◽  
Data Analytics ◽  
Investment Decision ◽  
Big Data Analytics ◽  
Content Type ◽  
Investment Decision Making ◽  
Management Capabilities ◽  
The Impact

Purpose The importance of big data analytics (BDA) on the development of supply chain (SC) resilience is not clearly understood. To address this, the purpose of this paper is to explore the impact of BDA management capabilities, namely, BDA planning, BDA investment decision making, BDA coordination and BDA control on SC resilience dimensions, namely, SC preparedness, SC alertness and SC agility. Design/methodology/approach The study relied on perceptual measures to test the proposed associations. Using extant measures, the scales for all the constructs were contextualized based on expert feedback. Using online survey, 249 complete responses were collected and were analyzed using partial least squares in SmartPLS 2.0.M3. The study targeted professionals with sufficient experience in analytics in different industry sectors for survey participation. Findings Results indicate BDA planning, BDA coordination and BDA control are critical enablers of SC preparedness, SC alertness and SC agility. BDA investment decision making did not have any prominent influence on any of the SC resilience dimensions. Originality/value The study is important as it addresses the contribution of BDA capabilities on the development of SC resilience, an important gap in the extant literature.

The Impact of Innovative Technologies on the Insurance Market Operation

2019 ◽  
Vol 2 (99) ◽  
pp. 6-22 ◽  
Author(s):  
Jerzy Łańcucki
Keyword(s):  
Artificial Intelligence ◽  
Big Data ◽  
Present Article ◽  
Data Analytics ◽  
Big Data Analytics ◽  
Insurance Market ◽  
Innovative Technologies ◽  
Market Operation ◽  
Innovative Products ◽  
The Impact

Innovative technologies are being increasingly used on the insurance market, as well. However, while analyzing and assessing their impact on the market what must be taken into account are not only distributors of insurance services, but also institutions performing regulatory and supervisory tasks, and perhaps above all, customers and consumers. The present article seeks to analyze the conditions, benefits and barriers associated with the application of innovative technologies with special regard to big data analytics, artificial intelligence and the possibility of absorption of innovative products and services by their customers.It has been emphasized that while evaluating the suitability of innovative technologies for the insurance market it is vital to confront product offers provided by insurance undertakings and intermediaries with the expectations, needs and skills of the purchasers of these products.

Intelligent Big Data Analytics

2019 ◽  
pp. 1-19 ◽  
Author(s):  
Zhaohao Sun
Keyword(s):  
Artificial Intelligence ◽  
Decision Making ◽  
Big Data ◽  
Data Analytics ◽  
Data Science ◽  
Big Data Analytics ◽  
Business Decision ◽  
Technology System ◽  
System Service ◽  
Managerial Perspective

Intelligent big data analytics is an emerging paradigm in the age of big data, analytics, and artificial intelligence (AI). This chapter explores intelligent big data analytics from a managerial perspective. More specifically, it first looks at the age of trinity and argues that intelligent big data analytics is at the center of the age of trinity. This chapter then proposes a managerial framework of intelligent big data analytics, which consists of intelligent big data analytics as a science, technology, system, service, and management for improving business decision making. Then it examines intelligent big data analytics for management taking into account four managerial functions: planning, organizing, leading, and controlling. The proposed approach in this chapter might facilitate the research and development of intelligent big data analytics, big data analytics, business intelligence, artificial intelligence, and data science.

Survey of Deep-learning Techniques in Big-Data analytics

2021 ◽  
Author(s):  
Shubhashish Goswami ◽  
Abhimanyu Kumar
Keyword(s):  
Decision Making ◽  
Big Data ◽  
Deep Learning ◽  
Learning Process ◽  
Data Analytics ◽  
Big Data Analytics ◽  
Operational Parameters ◽  
Learning Techniques ◽  
The Impact ◽  
Business Sectors

Abstract The present elaboration of Big-data research studies relying upon Deep-learning methods had revitalized the decision-making mechanism in the business sectors and the enterprise domains. The firms' operational parameters also have the dependency of the Big-data analytics phase, their way of managing the data, and to evolve the outcomes of Big-data implementation by using the Deep-learning algorithms. The present enhancements in the Deep-learning approaches in Big-data applications facilitate the decision-making process such as the information-processing to the employees, analytical potentials augmentation, and in the transition to having more innovative work. In this DL-approach, the robust-patterns of the data-predictions resulted from the unstructured information by conceptualizing the Decision-making methods. Hence this paper elaborates the above statements stating the impact of the Deep-learning process utilizing the Big-data to operate in the enterprise and Business sectors. Also this study provides a comprehensive survey of all the Deep-learning techniques illustrating the efficiency of Big-Data processing on having the impacts of operational parameters, concentrating the data-dimensionality factors and the Big-data complications rectifying by utilizing the DL-algorithms, usage of Machine-learning or deep-learning process for the decision-making mechanism in the Enterprise sectors and business sectors, the predictions of the Big-data analytics resulting to the decision parameters within the organisations, and in the management of larger scale of datasets in Big-data analytics processing by utilizing the Deep-learning implementations. The comparative analysis of the reviewed studies has also been described by comparing existing approaches of Deep-learning methodologies in employing Big-data analytics.

scholarly journals Smart Cities and Big Data Analytics: A Data-Driven Decision-Making Use Case

Smart Cities ◽  
2021 ◽  
Vol 4 (1) ◽  
pp. 286-313
Author(s):  
Ahmed M. Shahat Osman ◽  
Ahmed Elragal
Keyword(s):  
Decision Making ◽  
Big Data ◽  
Data Analytics ◽  
Smart Cities ◽  
Research Question ◽  
Big Data Analytics ◽  
Data Driven ◽  
Use Case ◽  
Data Driven Decision Making ◽  
Domain Independent

Interest in smart cities (SCs) and big data analytics (BDA) has increased in recent years, revealing the bond between the two fields. An SC is characterized as a complex system of systems involving various stakeholders, from planners to citizens. Within the context of SCs, BDA offers potential as a data-driven decision-making enabler. Although there are abundant articles in the literature addressing BDA as a decision-making enabler in SCs, mainstream research addressing BDA and SCs focuses on either the technical aspects or smartening specific SC domains. A small fraction of these articles addresses the proposition of developing domain-independent BDA frameworks. This paper aims to answer the following research question: how can BDA be used as a data-driven decision-making enabler in SCs? Answering this requires us to also address the traits of domain-independent BDA frameworks in the SC context and the practical considerations in implementing a BDA framework for SCs' decision-making. This paper's main contribution is providing influential design considerations for BDA frameworks based on empirical foundations. These foundations are concluded through a use case of applying a BDA framework in an SC's healthcare setting. The results reveal the ability of the BDA framework to support data-driven decision making in an SC.

The Impact of Smart Technologies on theManagement and Strategic Control: A Structured Literature Review

2021 ◽  
pp. 11-30
Author(s):  
Rosa Lombardi ◽  
Raffaele Trequattrini ◽  
Federico Schimperna ◽  
Myriam Cano-Rubio
Keyword(s):  
Artificial Intelligence ◽  
Big Data ◽  
Literature Review ◽  
Business Intelligence ◽  
Data Analytics ◽  
Business Management ◽  
Big Data Analytics ◽  
Strategic Control ◽  
Smart Technologies ◽  
The Impact

This research proposes a systematic literature review (SLR) of the application of big data, analytics, business intelligence, and artificial intelligence to company management and strategic control. Thus, this paper attempts to answer the following research questions: 1) How is the literature on the application of big data, analytics, business intelligence, and artificial intelligence to management and strategic control developed in the business, management and accounting fields? 2) On which aspects of this application does the literature focus? 3) What are the implications that arise for companies? In this paper, we used a longitudinal study of research documents in the form of last-decade literature collected from Scopus database as the leading source for the international scenario. After, we selected business, management, and accounting areas, and screened the titles and abstracts of the research documents, we based the final result on 60 scientific documents as sources relevant to the aim of this SLR. The findings highlight four main topic clusters. We specifically explain smart technologies' usefulness for each analyzed business function, and, while adopting a critical perspective, we point out the interesting current streams of research resulting from the application of new sources of technology. We conclude by proposing valuable insights gleaned from the study. Thus, our results are useful for both the academic and the professional community.

Artificial intelligence for hospitality big data analytics: developing a prediction model of restaurant review helpfulness for customer decision-making

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Minwoo Lee ◽  
Wooseok Kwon ◽  
Ki-Joon Back
Keyword(s):  
Artificial Intelligence ◽  
Decision Making ◽  
Big Data ◽  
Prediction Model ◽  
Data Analytics ◽  
Big Data Analytics ◽  
Support Vector ◽  
Content Type ◽  
Extreme Gradient Boosting ◽  
Review Helpfulness

Purpose Big data analytics allows researchers and industry practitioners to extract hidden patterns or discover new information and knowledge from big data. Although artificial intelligence (AI) is one of the emerging big data analytics techniques, hospitality and tourism literature has shown minimal efforts to process and analyze big hospitality data through AI. Thus, this study aims to develop and compare prediction models for review helpfulness using machine learning (ML) algorithms to analyze big restaurant data. Design/methodology/approach The study analyzed 1,483,858 restaurant reviews collected from Yelp.com. After a thorough literature review, the study identified and added to the prediction model 4 attributes containing 11 key determinants of review helpfulness. Four ML algorithms, namely, multivariate linear regression, random forest, support vector machine regression and extreme gradient boosting (XGBoost), were used to find a better prediction model for customer decision-making. Findings By comparing the performance metrics, the current study found that XGBoost was the best model to predict review helpfulness among selected popular ML algorithms. Results revealed that attributes regarding a reviewer’s credibility were fundamental factors determining a review’s helpfulness. Review helpfulness even valued credibility over ratings or linguistic contents such as sentiment and subjectivity. Practical implications The current study helps restaurant operators to attract customers by predicting review helpfulness through ML-based predictive modeling and presenting potential helpful reviews based on critical attributes including review, reviewer, restaurant and linguistic content. Using AI, online review platforms and restaurant websites can enhance customers’ attitude and purchase decision-making by reducing information overload and search cost and highlighting the most crucial review helpfulness features and user-friendly automated search results. Originality/value To the best of the authors’ knowledge, the current study is the first to develop a prediction model of review helpfulness and reveal essential factors for helpful reviews. Furthermore, the study presents a state-of-the-art ML model that surpasses the conventional models’ prediction accuracy. The findings will improve practitioners’ marketing strategies by focusing on factors that influence customers’ decision-making.

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