Modern Portfolio Theory (MPT) provides an elegant mathematical framework for the efficient portfolio allocation problem. Despite its exceptional popularity, MPT poses a number of well-documented problems in practical applications. Especially the fact that it generates notoriously extreme and...

Aufgrund des strategischen Potenzials und des geschäftlichen Nutzens von Big Data richten Unternehmen vermehrt ihre Aufmerksamkeit auf Big Data Analytics. Der Wert von Big Data Analytics, zum Beispiel zum Erfassen von Kundenwünschen und zum Liefern von maßgeschneiderten Diensten, scheint...

Since the mid-2010s, the rapid advancement of artificial intelligence (AI) has increased both people's expectations and their anxieties. Technology-centered optimism is largely widespread, hoping that AI will lead to a blessing of human life and society by maximizing productivity and efficiency....

AI has been through several booms and we have currently reached the 3rd AI boom. Although AI has been evolving over six decades it seems that the current boom is different from the previous booms. In this paper, we attempt to elucidate the issues for widespread adoption of AI in firms. Through...