scholarly journals Data Science for Finance: Best-Suited Methods and Enterprise Architectures

2021 ◽  
Vol 4 (3) ◽  
pp. 69
Author(s):  
Galena Pisoni ◽  
Bálint Molnár ◽  
Ádám Tarcsi
Keyword(s):  
Big Data ◽  
Financial Services ◽  
Data Science ◽  
Enterprise Architecture ◽  
Data Driven ◽  
Financial Company ◽  
Desk Research ◽  
Qualitative Literature ◽  
Analyze Data

We live in an era of big data. Large volumes of complex and difficult-to-analyze data exist in a variety of industries, including the financial sector. In this paper, we investigate the role of big data in enterprise and technology architectures for financial services. We followed a two-step qualitative process for this. First, using a qualitative literature review and desk research, we analyzed and present the data science tools and methods financial companies use; second, we used case studies to showcase the de facto standard enterprise architecture for financial companies and examined how the data lakes and data warehouses play a central role in a data-driven financial company. We additionally discuss the role of knowledge management and the customer in the implementation of such an enterprise architecture in a financial company. The emerging technological approaches offer opportunities for finance companies to plan and develop additional services as presented in this paper.

scholarly journals Out of the loop? On the radical and the routine in urban big data

Urban Studies ◽  
2021 ◽  
pp. 004209802110140
Author(s):  
Sarah Barns
Keyword(s):  
Artificial Intelligence ◽  
Big Data ◽  
Computational Models ◽  
Data Driven ◽  
Urban Systems ◽  
Out Of The Loop ◽  
Urban Futures ◽  
Urban Behaviour ◽  
The City

This commentary interrogates what it means for routine urban behaviours to now be replicating themselves computationally. The emergence of autonomous or artificial intelligence points to the powerful role of big data in the city, as increasingly powerful computational models are now capable of replicating and reproducing existing spatial patterns and activities. I discuss these emergent urban systems of learned or trained intelligence as being at once radical and routine. Just as the material and behavioural conditions that give rise to urban big data demand attention, so do the generative design principles of data-driven models of urban behaviour, as they are increasingly put to use in the production of replicable, autonomous urban futures.

Big data-driven supply chain and performance: a resource-based view

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Shampy Kamboj ◽  
Shruti Rana
Keyword(s):  
Big Data ◽  
Supply Chain ◽  
Small And Medium Enterprises ◽  
Data Driven ◽  
Equation Modeling ◽  
Firm Age ◽  
Content Type ◽  
Sustainable Performance ◽  
Medium Enterprises

PurposeThe main objective of this paper is to study the role of supply chain performance (SCP) as a mediator between big data-driven supply chain (BDDSC) and firm sustainable performance. In addition, the role of firm age as a moderator between BDDSC and SCP as well as between SCP and firm sustainable performance has also been explored.Design/methodology/approachThe 200 managers of medium or senior level positions in micro, small and medium enterprises (MSMEs) located at Delhi-NCR have been contacted. Further, collected data have been confirmed with confirmatory factor analysis (CFA). In this paper, structure equation modeling (SEM) has been employed to empirically check the proposed hypotheses and their relationships.FindingsThe findings confirmed that SCP mediates the link between BDDSC and firm sustainable performance. Additionally, firm age moderates the association between BDDSC and SCP as well as between SCP and firm sustainable performance.Research limitations/implicationsThe role of SCP and firm age between BDDSC and sustainable performance have been examined in the context of MSMEs in Delhi-NCR and thereby limit the generalization of results to other industries and country contexts.Originality/valueThe present study adds to the existing literature via recognizing the blackbox using SCP and firm age to comprehend BDDSC and firm sustainable performance relationship.

Knowledge Management and Business Analytics

2019 ◽  
pp. 1-42
Author(s):  
Nirali Nikhilkumar Honest ◽  
Atul Patel
Keyword(s):  
Big Data ◽  
Knowledge Management ◽  
Business Intelligence ◽  
Business Performance ◽  
Virtual Organization ◽  
Data Driven ◽  
Business Analytics ◽  
Broad Category ◽  
Business Operations

Knowledge management (KM) is a systematic way of managing the organization's assets for creating valuable knowledge that can be used across the organization to achieve the organization's success. A broad category of technologies that allows for gathering, storing, accessing, and analyzing data to help business users make better decisions, business intelligence (BI) allows analyzing business performance through data-driven insight. Business analytics applies different methods to gain insight about the business operations and make better fact-based decisions. Big data is data with a huge size. In the chapter, the authors have tried to emphasize the significance of knowledge management, business intelligence, business analytics, and big data to justify the role of them in the existence and development of an organization and handling big data for a virtual organization.

Data Science and Big Data Analytics in Financial Services

Web Services ◽  
2019 ◽  
pp. 1301-1329
Author(s):  
Suren Behari ◽  
Aileen Cater-Steel ◽  
Jeffrey Soar
Keyword(s):  
Big Data ◽  
Data Analysis ◽  
Financial Services ◽  
Data Science ◽  
Big Data Analytics ◽  
Disruptive Innovation ◽  
Big Data Analysis ◽  
Future Trends ◽  
The Right

The chapter discusses how Financial Services organizations can take advantage of Big Data analysis for disruptive innovation through examination of a case study in the financial services industry. Popular tools for Big Data Analysis are discussed and the challenges of big data are explored as well as how these challenges can be met. The work of Hayes-Roth in Valued Information at the Right Time (VIRT) and how it applies to the case study is examined. Boyd's model of Observe, Orient, Decide, and Act (OODA) is explained in relation to disruptive innovation in financial services. Future trends in big data analysis in the financial services domain are explored.

The Emerging Role of Big Data in Financial Services

2021 ◽  
pp. 175-189
Author(s):  
Deepika Dhingra ◽  
Shruti Ashok
Keyword(s):  
Big Data ◽  
Financial Services

scholarly journals Critical Care, Critical Data

2019 ◽  
Vol 10 ◽  
pp. 117959721985656 ◽  
Author(s):  
Christopher V Cosgriff ◽  
Leo Anthony Celi ◽  
David J Stone
Keyword(s):  
Artificial Intelligence ◽  
Critical Care ◽  
Clinical Data ◽  
Continuous Monitoring ◽  
Data Science ◽  
Clinical Decision ◽  
Critical Care Medicine ◽  
Data Driven ◽  
Critical Data

As big data, machine learning, and artificial intelligence continue to penetrate into and transform many facets of our lives, we are witnessing the emergence of these powerful technologies within health care. The use and growth of these technologies has been contingent on the availability of reliable and usable data, a particularly robust resource in critical care medicine where continuous monitoring forms a key component of the infrastructure of care. The response to this opportunity has included the development of open databases for research and other purposes; the development of a collaborative form of clinical data science intended to fully leverage these data resources, and the creation of data-driven applications for purposes such as clinical decision support. Most recently, data levels have reached the thresholds required for the development of robust artificial intelligence features for clinical purposes. The systematic capture and analysis of clinical data in both individuals and populations allows us to begin to move toward precision medicine in the intensive care unit (ICU). In this perspective review, we examine the fundamental role of data as we present the current progress that has been made toward an artificial intelligence (AI)-supported, data-driven precision critical care medicine.

Role of Urban Big Data in Travel Behavior Research

2020 ◽  
pp. 036119812097502
Author(s):  
Chihuangji Wang ◽  
Daniel Baldwin Hess
Keyword(s):  
Big Data ◽  
Survey Data ◽  
Travel Behavior ◽  
Data Science ◽  
Location Based Service ◽  
Labor Costs ◽  
Public And Private ◽  
Public And Private Sector ◽  
Data Analytic

Understanding urban travel behavior (TB) is critical for advancing urban transportation planning practice and scholarship; however, traditional survey data is expensive (because of labor costs) and error-prone. With advances in data collection techniques and data analytic approaches, urban big data (UBD) is currently generated at an unprecedented scale in relation to volume, variety, and speed, producing new possibilities for applying UBD for TB research. A review of more than 50 scholarly articles confirms the remarkable and expanding role of UBD in TB research and its advantages over traditional survey data. Using this body of published work, a typology is developed of four key types of UBD—social media, GPS log, mobile phone/location-based service, and smart card—focusing on the features and applications of each type in the context of TB research. This paper discusses in significant detail the opportunities and challenges in the use of UBD from three perspectives: conceptual, methodological, and political. The paper concludes with recommendations for researchers to develop data science knowledge and programming skills for analysis of UBD, for public and private sector agencies to cooperate on the collection and sharing of UBD, and for legislators to enforce data security and confidentiality. UBD offers both researchers and practitioners opportunities to capture urban phenomena and deepen knowledge about the TB of individuals.

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