scholarly journals Artificial Intelligence and Its Use in Financial Markets

2020 ◽  
Vol 11 (5) ◽  
pp. 353
Author(s):  
Lilia Mirgaziyanovna Yusupova ◽  
Irina Arkadevna Kodolova ◽  
Tatyana Viktorovna Nikonova ◽  
Madina Irekovna Agliullina ◽  
Zarina Irekovna Agliullina

The global financial system is currently at a new stage of its development, which is characterized by the introduction of information and communication technologies in all financial spheres. They allow improving business processes and company management and the process of providing services, as they enable organizations to receive more information about their customers and consumers, therefore, to provide better financial services that meet the requirements of customers.In the process of digitalization of the economy, a large role is played by banking organizations. In the conditions of increased competition in the market, banks are forced to continually improve their activities and introduce the most advanced technologies for carrying out business processes and working with clients. One of the most state-of-the-art technologies is artificial intelligence and Big Data. This technology is a combination of technologies targeted at processing vast amounts of data, and the ability to process fast incoming data in large volumes.

2020 ◽  
Vol 4 (11) ◽  
pp. 42-50
Author(s):  
Z. I. SHAKHBANOVA ◽  
◽  
Z. YARMETOV ◽  
◽  

The article will consider information and communication technologies used in business processes, inter-preted for effective work in the educational process, of a teacher with students. Also, the article will describe several business management tools that have worked well in the Russian market: Bitrix24 and the Planfix management system. The author analyzes the entities that contribute to increasing the profit of enterprises having these automated information systems that will be used as enhancing the effectiveness of students, that is, students and the teacher will be considered as clients and the company negotiating through CRM or ERP systems. Since it is such cooperation that sets them apart and leads them to the leaders in the Russian and international markets. An analysis of 30 students divided into two groups will be conducted. A teacher works with one group using an unconventional method, using business tools, while the process proceeds in the other with traditional teaching methods. The key objective of this study is to show related aspects of the functioning of ICTs that are subtle to business processes in the education system. Since a growing number of universities are instilling their teachers to work on various cloud systems, for example, DGUNH has a Cisco platform that allows teachers to track students' actions at various intervals.


Author(s):  
Claudia-Melania Chituc ◽  
Américo Lopes Azevedo

The rapid evolution of information and communication technologies, the changing client’s demands, and market conditions impelled enterprises to adapt their way of undertaking business, from traditional practices to e-business, and to participate in new forms of collaboration, such as networked organizations. In this context, standards, frameworks, technologies, and infrastructures supporting collaborative business, in a networked environment, become key factors in achieving environments with a desired high level of collaboration and inter- and intra-organization business processes alignment. The aim of this chapter is to underline the main issues, trends, and opportunities related to business integration from a technological perspective, analyzing and discussing the most relevant (existing and still under development) business integration reference models, frameworks, standards, technologies, and supporting infrastructures, and to briefly present relevant research projects in the area of business networking. A special emphasis is made on frameworks such as ebXML and RosettaNet, and the importance of papiNet, BPLE4WS, and freebXML is underlined. Challenges regarding self-forming networked organizations are also advanced.


2010 ◽  
pp. 30-55
Author(s):  
Mahmood Shah ◽  
Steve Clarke

E-banking relies heavily on information and communication technologies (ICT) to achieve its promise of 24 hours availability, low error rates, and quicker delivery of financial services. When considering e-banking, bank websites usually come to mind first, but e-banking requires much more than just a good website. It needs back end applications such as account systems, support applications such as Customer Relationship Management (CRM systems), communication technologies to link e-banking to the payment systems such as LINK, and middleware to integrate all these often different type of systems. This chapter is an overview of most common technologies in use to support e-banking.


2009 ◽  
pp. 91-108
Author(s):  
Claudia-Melania Chituc ◽  
Américo Lopes Azevedo

The rapid evolution of information and communication technologies, the changing client’s demands, and market conditions impelled enterprises to adapt their way of undertaking business, from traditional practices to e-business, and to participate in new forms of collaboration, such as networked organizations. In this context, standards, frameworks, technologies, and infrastructures supporting collaborative business, in a networked environment, become key factors in achieving environments with a desired high level of collaboration and inter- and intra-organization business processes alignment. The aim of this chapter is to underline the main issues, trends, and opportunities related to business integration from a technological perspective, analyzing and discussing the most relevant (existing and still under development) business integration reference models, frameworks, standards, technologies, and supporting infrastructures, and to briefly present relevant research projects in the area of business networking. A special emphasis is made on frameworks such as ebXML and RosettaNet, and the importance of papiNet, BPLE4WS, and freebXML is underlined. Challenges regarding self-forming networked organizations are also advanced.


2020 ◽  
pp. 089443932098044
Author(s):  
Colin van Noordt ◽  
Gianluca Misuraca

There is great interest to use artificial intelligence (AI) technologies to improve government processes and public services. However, the adoption of technologies has often been challenging for public administrations. In this article, the adoption of AI in governmental organizations has been researched as a form of information and communication technologies (ICT)–enabled governance innovation in the public sector. Based on findings from three cases of AI adoption in public sector organizations, this article shows strong similarities between the antecedents identified in previous academic literature and the factors contributing to the use of AI in government. The adoption of AI in government does not solely rely on having high-quality data but is facilitated by numerous environmental, organizational, and other factors that are strictly intertwined among each other. To address the specific nature of AI in government and the complexity of its adoption in the public sector, we thus propose a framework to provide a comprehensive overview of the key factors contributing to the successful adoption of AI systems, going beyond the narrow focus on data, processing power, and algorithm development often highlighted in the mainstream AI literature and policy discourse.


Author(s):  
Franco Amatori ◽  
Matteo Bugamelli ◽  
Andrea Colli

Firms are one of the main characters of any economy and an excellent observatory for monitoring a nation's evolution. The history of Italy's productive system in the last 150 years is divided into three parts, corresponding to a similar number of industrial revolutions. While firms obtained excellent results in the first two, their inability to grow further inhibited the wide use of the Third Industrial Revolution's features, information and communication technologies. This became a serious obstacle for Italy reaching the international economic frontier. There are many causes-political and economic, macro and microeconomic, domestic and international-behind the turnaround in Italy's economic performance, but the key one was firm size. The argument is developed along three steps. First: firm size is positively correlated to innovation, internationalization, adoption of advanced technologies, and ability to face new competitive challenges; larger firms record higher productivity both in levels and growth rates. Second: the distribution of firms in terms of dimensions was adequate until the 1970s, but defective later on. Finally: because firm size is not a given (but an endogenous choice of entrepreneurs), this chapter examines some key entrepreneurs and managers so as to identify the main features of Italian entrepreneurship.


2016 ◽  
Vol 50 (6) ◽  
pp. 100
Author(s):  
Vladyslav Ye. Velychko

Information processes in the society encourage the formation of a revision of the forms and methods of learning; involve the use of didactic capabilities of information and communication technologies in teaching. No less important in this context, the problem of professionals training who are able to use modern possibilities of computer technology. Training of highly qualified teachers is only possible using advanced technologies that cover the entire range of existing opportunities. The analysis used in the formation of the software has showed insufficient use of a whole class of software - free software in the educational process. To overcome this problem, the proposed implementation strategy of free software in the preparation of teachers of mathematics, physics and computer science is proposed.


2021 ◽  
Vol 6 (13 (114)) ◽  
pp. 29-38
Author(s):  
Iryna Petrovska ◽  
Olha Safronova ◽  
Оlena Mital ◽  
Nataliia Ometsynska ◽  
Volodymyr Moroz ◽  
...  

Conceptual foundations of organizational and economic support for the development of enterprises in the hospitality industry have been developed, taking into account the level of use of information and communication technologies. It has been determined that the main results of the influence of information technologies on the hospitality industry are the optimization of business processes, as well as the transformation of the target consumer of hospitality services. The types of information and communication technologies are systematized depending on the direction of the business processes of the cycle of providing hospitality services. It has been substantiated that through the active use of information and communication technologies, hospitality industry enterprises satisfy the needs of customers in full in accordance with modern requirements. The relationship was established between the results of assessing the level of organizational and economic support for the development of information and communication technologies and the strategic choice of enterprises in the hospitality industry. Three types of strategies are identified – information expansion, improvement, retention and further development – depending on the low, medium and high level of development of information and communication technologies, respectively. The directions of increasing the level of development of information and communication technologies of the hospitality industry at different levels are proposed. The developed theoretical and methodological provisions can be useful in the formation of the concept of strategic development of the hospitality industry. The use of the proposed toolkit reflects the results, both quantitatively (increasing demand for hospitality services, improving financial performance, etc.) and in a qualitative form (improving the quality of service, creating a positive image, etc.).


Author(s):  
Ricardo JARA-RUIZ ◽  
Ignacio Alejandro MONTES-GARCÍA ◽  
Néstor David FELICIANO-VELÁZQUEZ ◽  
Marcos Emmanuel QUEZADA-MUÑOZ

This research paper presents and structures a proposal for agro-industrial application using Unmanned Air Vehicles (UANs) or Drones in the wine sector, which proposes the use of information and communication technologies (ICTs) in synergy with advances in artificial intelligence. For development, the design and structuring of a remote service is considered that allows the user or owner to generate a request for wine monitoring through a communication network through a mobile application considering the use of a drone equipped with a vision system that allows to identify patterns and consequently detect characteristics in specific that have a high potential to pose an obvious risk; this with an approach that provides the user or producer with the information necessary for making effective decisions in the process of assisting the problems. All with the aim of developing tools that contribute and work for new contributions that generate a technological impact in the context of the sector considered important in the national economy.


2019 ◽  
Vol 7 (9) ◽  
pp. 382-385
Author(s):  
Pramod Kumar

Big data in the life sciences and healthcare sectors is an increasing trend. It is the processing and displaying of huge volumes and varieties of data at a rapid speed. There is a vast amount of data in the healthcare and Pharmaceutical industries, including lab data, insurance data, patient records, research data, and even social media data (1, 2). Pharmaceutical companies have vast amounts of compounds that could be the perfect solution to combat specific diseases, but they have no way to identify them as such. The development and production of drugs can cost pharmaceutical companies up to $2.6 billion (£1.8bn) and take 12 to 14 years to complete (1). Artificial Intelligence (AI) plays a crucial role in enabling the industry to achieve these objectives, be it analytics in personalized medicine, cloud computing in collaboration, or wearable devices in remote and self-health monitoring. Thus, the main short/medium-term implication AI has for the pharmaceutical industry is the reduced time it takes to develop drugs and thus the associated costs, enhancing return on investment and could even mean a reduction in cost for end users. As the pharmaceutical industry becomes increasingly more connected, information and communication technologies will fundamentally reshape both the consumption and delivery of medications (1, 2,3).


Sign in / Sign up

Export Citation Format

Share Document