Leveraging predictive analytics for strategic decision-making: Enhancing business performance through data-driven insights

World Journal of Advanced Research and Reviews, Год журнала: 2024, Номер 22(3), С. 1927 - 1934

Опубликована: Июнь 30, 2024

This paper explores the transformative role of predictive analytics in enhancing strategic decision-making and business performance. It delves into components analytics, including data mining, machine learning, statistical techniques. highlights its historical evolution technological enablers like big platforms, cloud computing, AI. The examines how improves profitability, efficiency, market share by providing actionable insights from raw data. also discusses emerging trends such as advancements AI, Internet Things (IoT), real-time while addressing associated risks privacy ethical considerations. conclusion underscores necessity adopting for sustainable growth competitive advantage today's data-driven environment.

Язык: Английский

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Strategic financial decision-making in sustainable energy investments: Leveraging big data for maximum impact

International Journal of Management & Entrepreneurship Research, Год журнала: 2024, Номер 6(6), С. 1982 - 1996

Опубликована: Июнь 24, 2024

In the context of escalating environmental concerns and transition towards a greener economy, sustainable energy investments have emerged as pivotal area for financial growth innovation. This paper outlines strategic framework decision-making in investments, emphasizing transformative role big data. By integrating data analytics into investment process, stakeholders can enhance market analysis, risk assessment, performance monitoring, predictive modeling, leading to more informed effective strategies. The delves various sources, analytical tools, technologies that facilitate collection, processing, interpretation vast amounts information. Additionally, it presents case studies illustrating successful applications solar wind projects, highlighting best practices common challenges. discussion extends future trends, including advancements artificial intelligence machine learning, which are poised further revolutionize sector. concludes with recommendations developing data-driven approach, building robust infrastructures, fostering culture continuous learning adaptation. leveraging data, investors maximize impact their drive growth, contribute global transition. Keywords: Sustainable Energy Investments, Big Data Analytics, Strategic Financial Decision-Making, Market Analysis, Risk Assessment, Predictive Modeling.

Язык: Английский

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Driving energy transition through financial innovation: The critical role of Big Data and ESG metrics

Computer Science & IT Research Journal, Год журнала: 2024, Номер 5(6), С. 1434 - 1452

Опубликована: Июнь 14, 2024

Driving the transition to sustainable energy is a critical global imperative, and financial innovation plays pivotal role in accelerating this process. This paper examines intersection of innovation, big data, Environmental, Social, Governance (ESG) metrics advancing transition. By harnessing power data integrating ESG considerations into investment decisions, institutions can drive meaningful change towards more future. The begins by exploring concept transition, highlighting its importance, drivers, challenges. It then delves discussing examples opportunities it presents for driving Subsequently, significance understanding consumption patterns optimizing efficiency, along with influencing decisions corporate behavior. emphasized, focus on their synergistic potential investments informing decision-making processes. Case studies are presented illustrate successful applications sector. Finally, discusses challenges future directions, including regulatory considerations, technological advancements, collaboration. concludes underscoring importance continued calls collective action Keywords: Energy Transition, Financial Innovation, Big Data, Metrics, Sustainability, Investment Decisions, Sustainable Energy, Renewable Climate Change

Язык: Английский

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Aligning oil and gas industry practices with sustainable development goals (SDGs)

International Journal of Applied Research in Social Sciences, Год журнала: 2024, Номер 6(6), С. 1215 - 1226

Опубликована: Июнь 13, 2024

The alignment of oil and gas industry practices with Sustainable Development Goals (SDGs) is imperative for fostering a sustainable future. This abstract provides an overview the strategies challenges associated this alignment. plays significant role in global energy supply, economic development, geopolitical dynamics. However, its operations often have adverse environmental, social, impacts, making SDGs essential. Challenges aligning include environmental degradation caused by extraction activities, social disparities oil-producing regions, regulatory complexities. To address these challenges, such as reducing carbon footprints, transitioning to renewable sources, engaging local communities, protecting human indigenous rights, diversification are crucial. Case studies companies successfully highlight best lessons learned. Impact assessments demonstrate positive outcomes aligned on conservation, well-being, development. Recommendations policy reforms, guidelines, stakeholder collaboration facilitate broader adoption practices. In conclusion, essential achieving development goals globally. calls concerted efforts from stakeholders, policymakers, civil society create more Keywords: Oil, Gas, Industry Practices, (SDGs).

Язык: Английский

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Frameworks for effective data governance: best practices, challenges, and implementation strategies across industries

Computer Science & IT Research Journal, Год журнала: 2024, Номер 5(7), С. 1666 - 1679

Опубликована: Июль 25, 2024

This paper explores frameworks for effective data governance, emphasizing the importance of robust policies, processes, roles, and metrics. It outlines best practices ensuring high quality, privacy, security while highlighting stakeholder engagement role technology. The also discusses implementation challenges, including organizational, technical, regulatory, cultural obstacles. presents tailored strategies various industries such as financial services, healthcare, retail, manufacturing, public sector. Future directions research include integration AI machine learning, evolving privacy regulations, challenges posed by big IoT. Effective governance is crucial managing risks, compliance, unlocking full potential assets across industries. Keywords: Data Governance, Quality Management, Privacy, Regulatory Compliance.

Язык: Английский

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Best practices and innovations in carbon capture and storage (CCS) for effective CO2 storage

International Journal of Applied Research in Social Sciences, Год журнала: 2024, Номер 6(6), С. 1227 - 1243

Опубликована: Июнь 13, 2024

Carbon capture and storage (CCS) has emerged as a critical technology in the fight against climate change, offering viable pathway to mitigate CO2 emissions from industrial processes power generation. This review explores best practices innovations CCS for effective storage, highlighting key strategies advancements that optimize capacity, enhance security, minimize environmental risks. The begins by delineating importance of reducing greenhouse gas meeting global targets. It underscores urgency deploying technologies at scale address dual challenge decarbonizing energy systems ensuring security. Drawing upon recent research industry developments, elucidates capture, transport, emphasizing integrated holistic approaches. discusses technologies, including post-combustion pre-combustion oxy-fuel combustion, efficiency improvements cost reduction strategies. Furthermore, delves into techniques, such geological ocean mineralization, evaluating their respective advantages, challenges, scalability. site selection, characterization, monitoring, need robust risk assessment frameworks regulatory oversight ensure safety integrity sites. Moreover, examines emerging trends CCS, enhanced oil recovery (EOR) using CO2, direct air (DAC) carbon utilization (CCUS) initiatives. potential synergies between renewable solutions leverage enable decarbonization hard-to-abate sectors heavy aviation. pivotal role achieving deep transitioning low-carbon economy. calls continued research, investment, collaboration unlock full accelerate deployment scale. By embracing fostering innovation, stakeholders can pave way contribute efforts combat change. Keywords: Best Practices, Innovation, Carbon, Capture, Storage, CO2.

Язык: Английский

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Transforming business scalability and operational flexibility with advanced cloud computing technologies

Computer Science & IT Research Journal, Год журнала: 2024, Номер 5(6), С. 1469 - 1487

Опубликована: Июнь 25, 2024

In the rapidly evolving landscape of digital transformation, cloud computing has emerged as a pivotal technology enabling businesses to achieve unparalleled scalability and operational flexibility. This review explores transformative impact advanced technologies on business operations, highlighting key innovations their implications for organizational growth efficiency. Cloud offers dynamic scalable environment where resources can be provisioned managed on-demand, allowing respond swiftly changing market conditions customer demands. By leveraging infrastructure, companies scale operations seamlessly without need significant upfront investments in physical hardware. flexibility not only reduces capital expenditure but also enhances ability innovate adapt competitive marketplace. Advanced technologies, such multi-cloud hybrid solutions, further augment by organizations optimize IT environments. Multi-cloud strategies allow distribute workloads across multiple providers, mitigating risks associated with vendor lock-in ensuring high availability redundancy. Hybrid which integrate on-premises infrastructure public private clouds, provide balanced approach managing sensitive data while benefiting from cloud. Moreover, cloud-native like containerization serverless have revolutionized application development deployment. Containers encapsulate applications dependencies, consistency different environments facilitating rapid Serverless reviews underlying developers focus solely code, thus accelerating cycle reducing overhead. The integration analytics artificial intelligence (AI) capabilities. platforms offer robust tools AI services that process vast amounts real-time, providing actionable insights predictive decision-making. empowers improve experiences, drive strategic initiatives data-driven precision. conclusion, are instrumental transforming harnessing power cloud, greater agility, cost efficiency, innovation, positioning themselves sustained advantage age. As continue evolve, potential redefine economic value will expand, making adoption critical imperative modern enterprises. Keywords: Operational Flexibility, Transforming, Business Scalability, Advanced, Computing Technologies.

Язык: Английский

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Enhancing data quality through comprehensive governance: Methodologies, tools, and continuous improvement techniques

Computer Science & IT Research Journal, Год журнала: 2024, Номер 5(7), С. 1680 - 1694

Опубликована: Июль 25, 2024

In the era of data-driven decision-making, ensuring data quality is paramount for organizations seeking to leverage their assets effectively. This paper explores comprehensive strategies enhancing through robust governance, methodologies, tools, and continuous improvement techniques. It highlights critical dimensions quality, including accuracy, completeness, consistency, timeliness, validity, uniqueness. discusses various assessment techniques, such as profiling, auditing, metrics. The also examines role cleansing, enrichment, integration, interoperability in maintaining high quality. Additionally, it provides an overview leading management evaluation criteria, best practices implementation. Finally, underscores importance monitoring, feedback loops, root cause analysis, fostering organization's culture. By adopting these strategies, can ensure reliability integrity data, improved business outcomes. Keywords: Data Quality, Governance, Profiling, Cleansing, Continuous Improvement.

Язык: Английский

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Strengthening corporate governance and financial compliance: Enhancing accountability and transparency

Finance & Accounting Research Journal, Год журнала: 2024, Номер 6(8), С. 1597 - 1616

Опубликована: Авг. 31, 2024

In today's complex business landscape, robust corporate governance and financial compliance are essential for maintaining organizational integrity, accountability, transparency. This review examines the key components strategies necessary to enhance these frameworks, ensuring sustainable success stakeholder trust. Corporate encompasses regulatory compliance, risk management, ethical conduct, engagement. Adherence laws regulations, such as Sarbanes-Oxley Act (SOX) General Data Protection Regulation (GDPR), is foundational in minimizing legal risks safeguarding reputation. Effective management involves identifying, assessing, mitigating potential threats an organization’s health operational integrity through strong internal controls regular audits. Promoting conduct within organizations crucial trust Establishing codes of guidelines, whistleblower protections fosters a culture integrity. Transparent communication engagement ensure that activities align with interests expectations. Enhancing accountability transparency several strategies. Strong board oversight independence, characterized by diverse skilled members, balanced objective decision-making. Regular external audits verify accuracy identifying areas improvement. Leveraging technology data analytics pivotal modern efforts. Technologies like blockchain, artificial intelligence (AI), machine learning automate processes, improve accuracy, provide real-time insights into performance management. reporting disclosure practices, adhering standards International Financial Reporting Standards (IFRS), further Continuous training education employees members on principles, requirements, vital fostering accountability. Strengthening fundamental enhancing By adopting comprehensive leveraging technology, promoting can build trust, mitigate risks, growth dynamic environment. Keywords: Governance, Global Corporations, Harmonization.

Язык: Английский

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Strategic risk management in financial institutions: Ensuring robust regulatory compliance

Finance & Accounting Research Journal, Год журнала: 2024, Номер 6(8), С. 1582 - 1596

Опубликована: Авг. 31, 2024

Strategic risk management in financial institutions is a critical component for ensuring robust regulatory compliance and maintaining stability. This review explores the multifaceted nature of strategic its importance dynamic landscape sector. It delves into fundamental components management, including identification, assessment, mitigation, monitoring, highlighting how these processes help navigate complexities requirements. The discussion encompasses various types risks faced by institutions, such as credit, market, operational, liquidity, risks, illustrating need comprehensive frameworks. also reviews key frameworks, Basel III, Dodd-Frank Act, guidelines from European Banking Authority, emphasizing their impact on capital requirements, liquidity standards, governance expectations. A framework integrates efforts with business strategy, that are not only adhering to mandates but aligning appetite tolerance objectives. role technology, particularly data analytics, real-time cybersecurity, examined crucial enabler effective compliance. Best practices enhancing outlined, continuous regular audits, scenario analysis. Challenges evolving regulations, product complexity, globalization addressed, recommendations adaptive strategies industry collaboration. Through case studies, provides insights successful implementations lessons learned failures. underscores fortifying suggests future trends, advanced AI machine learning, which could further revolutionize approach institutions. Keywords: Risk, Financial Institution, Regulatory, Compliance

Язык: Английский

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