scholarly journals Capabilities of business intelligence for improving the efficiency of economic analysis in stressful economic conditions caused by pandemic

Author(s):  
Stanislav Mitrovic ◽  
Viktor Paulevich Suits

From the perspective of economic analysis, the phenomenon of business intelligence (BI), which is the main subject of this research, is described as a version of artificial intelligence oriented towards comprehensive analysis of high data volume and its transformation into applied knowledge on the economic activity of organizations. Emphasis is placed on the feasibility and peculiarity of implementation of business intelligence systems in stressful economic conditions caused by pandemic on the global and national scale. The empirical part of research lies in the development and testing of the intelligent solution in the area of information and analytical support for economic analysis. The acquired conclusions prove that the current situation on the global economic market promotes further development of methodology for implementing information technologies, and business intelligence in particular, in the economic analysis of business activity. In order to meet the specific needs of end-users of business intelligence systems, was developed the tool for calculating the economic efficiency of medical insurance for health improvement of the personnel. It is substantiate that innovative BI- technologies help to integrate and successfully apply the solutions of business analysis at any level of corporate management. The authors outline the leading parameters of the ideal version of business intelligence, as well as justify that the use of business intelligence systems in the area of information support for economic analysis gives a multiplicative effect: - contributes to the improvement of economic analysis, efficiency of implementation and accuracy of data; - ensures the effectiveness of economic analysis for achieving  best result with relatively low cost and maximum utilization time; - provides acceptable relevance of the data that underlie the management decisions, leaving out subjectivism.

Author(s):  
Galina Yu. Peshkova ◽  
◽  
Anna Yu. Samarina ◽  

The present article concentrates on revealing prospects of Business Intelligence systems use for efficient management. Terms studied include information technologies, management, Business Intelligence, vendor, dashboard, business analytics. Digital transformation influences all the spheres and management is no exception. Data and related processes are considered to be one of the most significant aspects of doing business. Public administration is also exploring prospects of information technologies in general and Business Intelligence systems in particular. Saint-Petersburg is one of the pioneers regarding this and can serve as a fine example for the rest Northwest Region and Russia on the whole.


2021 ◽  
Author(s):  
Kateryna Illiashenko ◽  

The article is devoted to determining the relationship between economic analysis and accounting and information support of an enterprise's activities and justifying further directions of its development. The relevance of the research lies in the fact that the development of Information Technologies has led to the transformation of many processes, including in the methodology of economic science. It is necessary to assess the importance of traditional economic analysis for the company's activities against the background of expanding sources and types of information. The theoretical and methodological basis of the research is the fundamental provisions of Science in the field of Economic Analysis and accounting and information support, which are considered in the works of domestic and foreign scientists. The research was conducted using the methodological apparatus of modern science, in particular the dialectical theory of cognition, methods of deduction and induction. The monographic method was used to generalize the complex economic analysis. The stages and main functions of economic analysis are highlighted., among which accounting and information support of management, assessment of economic activity, Planning, Organization of production and management structures, control, etc. are highlighted. The role of planning in economic analysis is revealed. The concept of complex economic analysis is systematized and the model of its implementation at the enterprise is generalized. Information support for analysis based on data from primary accounting, financial and statistical reporting, and other sources is considered. It is noted that the source of information for economic analysis remains accounting data, but continuous Informatization has led to the fact that other sources have appeared. However, there is still a close relationship between accounting and analysis. In practical application, the results of Economic Analysis serve to provide information support for the activities of enterprises. The analysis serves as the basis for making informed management decisions and increases the efficiency of the enterprise as a whole.


2017 ◽  
Vol 9 (3) ◽  
pp. 176
Author(s):  
Hamid Reza Rezaei Kelidbari ◽  
Mahsa Rayat

Given the increasing competition between airlines companies in the country and equipping them with modern information technologies, establishment of knowledge management system in airline industry can increase the effectiveness of business intelligence system and lead to effectiveness of this industry. The aim of this study was to identify the effects of strategy, structure, processes and organizational culture on the effectiveness of organization and mediating role of business intelligence systems in Iran’s airline companies. Statistical society includes all airlines of Iran. For sampling, non-random judgmental sampling method is used. In order to study the research hypotheses, structural equation methods have been used. Questionnaire tools were used for gathering the data. Stability of the questionnaires used in the present study was calculated higher than 0.7 in term of Cronbach alpha, confirming the validity. The results showed that there is a positive and significant effect between variables of strategy, structure, and organizational culture on the effectiveness of the organization and business intelligence systems in Iran’s airlines and that there is not a significant relationship between organizational variables and organizational effectiveness.


10.28945/3011 ◽  
2006 ◽  
Author(s):  
Celina Olszak ◽  
Ewa Ziemba

The paper aims at analysing Business Intelligence Systems (BI) in the context of opportunities for improving decision-making in a contemporary organisation. The authors - taking specifics of a decision-making process together with heterogeneity and dispersion of information sources into consideration - present Business Intelligence Systems as some holistic infrastructure of decisionmaking. It has been shown that the BI concept may contribute towards improving quality of decision-making in any organisation, better customer service and some increase in customers’ loyalty. The paper is focused on three fundamental components of the BI systems, i.e. key information technologies (including ETL tools and data warehouses), potential of key information technologies (OLAP techniques and data mining) and BI applications that support making different decisions in an organisation. A major part of the paper is devoted to discussing basic business analyses that are not only offered by the BI systems but also applied frequently in business practice.


2017 ◽  
Vol 1 (2) ◽  
Author(s):  
Abdul Hamid Arribathi ◽  
Maimunah Maimunah ◽  
Devi Nurfitriani

This study aims to determine the stages that must be implemented in building a Business Intelligence System structured and appropriate in building Business Intelligence Systems in an organization, and understand the important aspects that must be considered for investment development Business Intelligence System is increasing. Business must be based on the conditions and needs of the organization in achieving the desired goals. If these conditions occur, then the decision-making process will be better and more accurate. The purpose of this study is to determine the important aspects that must be understood and prepared in using the Business Intelligence System in an organization. The method used is the explanation as well as the research library of several books, articles and other literature.


Author(s):  
Zoya N. Mishina

The engineering and technical service of an agricultural enterprise is the core of the production management system. The level of its organization largely determines the effectiveness of equipment and technologies used in production. The strategic goal of agricultural engineering services at all levels is to change radically the system of machine and technological security of agricultural producers. (Research purpose) The research purpose is in determining the economic and social tasks of engineering and technical services in the agro-industrial complex. (Materials and methods) In order to assess the efficiency of engineering departments, it is necessary to analyze the level of use of the company's machine-tractor and automobile fleets. Improving the reliability of the machine and tractor feel now becomes a priority. The majority of experts present this task in the set of measures that practically do not affect the question of perfection of the engineering service. (Results and discussion) The article shows that the development of innovative processes in the field of mechanical engineering contributes to the entry of new equipment and technologies into production and causes the need for farm engineers to study novelties and ways of their effective application. The promising version of the engineering service offers its structure and material support, which will not only provide high production indicators, but also allow specialists to constantly analyze technological processes, search for their reserves using modern information technologies. There is an urgent need to develop models of information support for engineering services, automated workplaces for engineers, the formation of on-farm databases and specialized computer programs to work with it. (Conclusion) The expected efficiency of implementing research results will reduce the cost of maintaining technological machines and equipment.


2014 ◽  
Vol 6 (2) ◽  
pp. 28
Author(s):  
Ikusemoran Mayomi ◽  
John Abdullahi ◽  
Anthony Dami

Among all the means of transportation, road has been described as the most important, probably because of its flexibility and its low cost in terms of construction, maintenance and usage. However, in Nigeria, road is considered to be the most dangerous means of transportation because of their bad nature such as sharp bends, narrow bridges, steep slopes and other related problems which are associated with the terrain where these roads are constructed. Road transportation therefore needs proper planning and development through the use of geo-information technologies that would ease accessibility reduces human energy and yet brings reliable and accurate information on the terrain. In this paper, Ilwis 3.5 was used to create Digital Elevation Modelling (DEM), Shadowing, 3-Dimentional View, Slope maps and river direction maps of Biu plateau to analyze the use of GIS on road planning and development on the plateau. It was revealed that the technique has great capabilities of terrain analysis as features which are deemed humanly impossible to assess are viewed as if one is at the scene which may enhance quick analysis on road transportation. It was therefore, recommended that all the stake holders in road transportation should employ the use of this geo-information techniques in terrain analysis to ease transport planning and development in the area.


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