Creating industrial programmes, especially in technology, is fraught with high levels of uncertainty. These programmes target the development of products that will not be sold for several years; therefore, one of the risks is that the products will no longer be in demand due to the emergence of...

The article shows the stages of development of the theory and practice of decision-making. Emphasis is placed on the contemporary culture of decision-making. At the base of the current trends is the transition from intuition and experience in decision-making to analytics. Modern business...

This paper addresses the possibilities of using spatial data in business analytics tools, with emphasis on SAS software. Various kinds of map data sets containing spatial data are presented and discussed. Examples of map charts illustrating macroeconomic parameters demonstrate the application of...

Using the United States retailer Target as case material, the paper argues that there should be a moral element in the application of benchmarking and business analytics. The paper offers Confucian ethics as a moral foundation for the application of these powerful business tools.

Although much has been done about competitiveness of SMEs in the last years, there are many open questions. In this paper we set out to use public Internet information and investigate big number of companies’ web sites. We present a methodology that uses a business intelligence tool for online...

This paper has two parts. In the first part, I articulate the short but significant evolution of the study of fractals. In the second part, I discuss the application of fractals to business models and business analytics. "Clouds are not spheres, mountains are not cones, coastlines are not...

The article deals with the development of methodical recommendations for monitoring the external environment aimed at the internal control of the procurement process in business based on a risk-oriented approach and with the digital techniques used by fat-and-oil industry companies. For research...

Purpose: Business analytics, a buzzword of the recent decade, has been applied by thousands of enterprises to help generate more values and enhance their business performance. However, many aspects of business analytics remain unclear. This study clarifies the definition of business analytics...

The use of "Big Data" to explain fluctuations in the broader economy or guide the business decisions of a firm is now so commonplace that in some instances it has even begun to rival more traditional government statistics and business analytics. Big data sources can very often provide advantages...

Facility Network Transformation (FNT) is a strategic approach to assess and optimize industrial facility networks for new site selection, demand forecasting, and performance evaluation in customer oriented service industries such as banking and retail. In practice, FNT requirements are often...