The widespread use of the Internet and computer systems has led to a situation where data are available on almost everything. The volume and the level of detail of these data is something we considered to be impossible until a few years ago. Researchers in economics and business now have access...

Although support vector regression models are being used successfully in various applications, the size of the business datasets with millions of observations and thousands of variables makes training them difficult, if not impossible to solve. This paper introduces the Row and Column Selection...

The processes of generating innovative solutions mostly rely on skilled experts who are usually unavailable and their outcomes have uncertainty. Computer science and information technology are changing the innovation environment and accumulating Big Data from which a lot of knowledge is to be...

Analytics is the future of big data because only transforming data into information gives them value and can turn data in business in competitive advantage. Large data volumes, their variety and the increasing speed their growth, stretch the boundaries of traditional data warehouses and ETL...

<Para ID="Par1">“Big data”—the collection of vast quantities of data about individual behavior via online, mobile, and other data-driven services—has been heralded as the agent of a third industrial revolution—one with raw materials measured in bits, rather than tons of steel or barrels of oil. Yet...</para>

The South Korean government is providing full support for green IT as one of the growth engines of Korea. The purpose of this study is to derive policy issues needed for the sustainable development of Korea through utilizing Big Data by applying green IT. The analysis is done using a Delphi...

In the last few years, electronic media brought a revolution in the traceability of social phenomena. As particles in a bubble chamber, social trajectories leave digital trails that can be analyzed to gain a deeper understanding of collective life. To make sense of these traces a renewed...

Any economic system, be it micro, at the size of a corporation; be it macro, at the size of a state, forms groups, micro: joint-ventures; macro: state unions. These groups represent the complex work unit for the evolution towards economic advance from globalization’s perspective, but to ignite...

As the market has changed to adopt new advertising techniques and consumers’ input, market research faces times of great challenges – and great opportunities. This paper details eight current trends in market research: rethinking working concepts as basic as the well-known purchase funnel;...

This paper proposes a unifying theory of forecasting in the form of a Golden Rule of Forecasting. The Golden Rule is to be conservative. A conservative forecast is consistent with cumulative knowledge about the present and the past. To be conservative, forecasters must seek all knowledge...