• 아태비즈니스연구
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• 제15권1호
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• pp.131-143
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• 2024

Purpose - The purpose of this study was to analyze cases of big data-driven business in the financial industry, focusing on organizational structure and business processes using big data in banking industry. Design/methodology/approach - This study used a case study approach. To this end, cases of two banks implementing big data-driven business were collected and analyzed. Findings - There are two things in common between the two cases. One is that the central tasks for big data-driven business are performed by a centralized organization. The other is that the role distribution and work collaboration between the headquarters and business departments are well established. On the other hand, there are two differences between the two banks. One marketing campaign is led by the headquarters and the other marketing campaign is led by the business departments. The two banks differ in how they carry out marketing campaigns and how they carry out big data-related tasks. Research implications or Originality - When banks plan and implement big data-driven business, the common aspects of the two banks analyzed through this case study can be fully referenced when creating an organization and process. In addition, it will be necessary to create an organizational structure and work process that best fit the special situation considering the company's environment or capabilities.

• 한국빅데이터학회지
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• 제8권1호
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• pp.35-47
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• 2023

It is crucial to develop effective and efficient big data analytics methods for problem-solving in the field of business in order to improve the performance of data analytics and reduce costs and risks in the analysis of customer data. In this study, a big data-driven data analysis system using artificial intelligence techniques is designed to increase the accuracy of big data analytics along with the rapid growth of the field of data science. We present a key direction for big data analysis systems through missing value imputation, outlier detection, feature extraction, utilization of explainable artificial intelligence techniques, and exploratory data analysis. Our objective is not only to develop big data analysis techniques with complex structures of business data but also to bridge the gap between the theoretical ideas in artificial intelligence methods and the analysis of real-world data in the field of business.

• Journal of Smart Tourism
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• 제2권1호
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• pp.21-31
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• 2022

This review paper aims at providing a systematic analysis of articles published in various journals and related to the uses and business applications of big data. The goal is to provide a holistic picture of the place of big data in the tourism industry. The reviewed articles have been selected for the period 2013-2020 and have been classified into 8 broad categories namely business strategy and firm performance; banking and finance; healthcare; hospitality; networks and telecommunications; urbanism and infrastructures; law and legal regulations; and government. While the categories are reflective of components of tourism industries and infrastructures, the meta-analysis is organized around 3 broad themes: preferred research contexts, conceptual developments, and methods used to research big data business applications. Main findings revealed that firm performance and healthcare remain popular contexts of research in the big data realm, but also demonstrated a prominence of qualitative methods over mixed and quantitative methods for the period 2013-2020. Scholars have also investigated topics involving the notions of competitive advantage, supply chain management, smart cities, but also ethics and privacy issues as related to the use of big data.

• 동아시아경상학회지
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• 제10권2호
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• pp.105-113
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• 2022

Purpose - An increase in automation has been as a result of digital technologies. The data will be instrumental in the determination of the services that are more necessary so that more resources can be allocated for them. The purpose of the current research is to investigate how big data utilization will help increase the profitability in the industry 4.0 era. Research design, Data, and methodology - The present research has conducted the comprehensive literature content analysis. Quantitative approaches allow respondents to decide, but qualitative methods allow them to offer more information. In the next step, respondents are given data collection equipment, and information is collected. Result - The According to qualitative literature analysis, there are five ways in which big data utilization will help increase the profitability in the industry 4.0 era. The five solutions are (1) Better Customer Insight, (2) Increased Market Intelligence, (3) Smarter Recommendations and Audience Targeting, (4) Data-driven innovation, (5) Improved Business Operations. Conclusion - Modern companies have been seeking a competitive advantage so that they can have the edge over other companies in the same industries providing the same services and products. Big data is that technology that businesses have always wanted for an extended period of time to revolutionize their operations, making their businesses more profitable.

• The Journal of Asian Finance, Economics and Business
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• 제7권6호
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• pp.457-464
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• 2020

This study aims to recognize customers' real sentiment and then discover the data-driven insights for strategic decision-making in the financial sector of Saudi Arabia. The data was collected from the social media (Facebook and Twitter) from start till October 2018 in financial companies (NCB, Al Rajhi, and Bupa) selected in the Kingdom of Saudi Arabia according to criteria. Then, it was analyzed using a sentiment analysis, one of data mining techniques. All three companies have similar likes and followers as they serve customers as B2B and B2C companies. In addition, for Al Rajhi no negative sentiment was detected in English posts, while it can be seen that Internet penetration of both banks are higher than BUPA, rarely mentioned in few hours. This study helps to predict the overall popularity as well as the perception or real mood of people by identifying the positive and negative feelings or emotions behind customers' social media posts or messages. This research presents meaningful insights in data-driven approaches using a specific data mining technique as a tool for corporate decision-making and forecasting. Understanding what the key issues are from customers' perspective, it becomes possible to develop a better data-based global strategies to create a sustainable competitive advantage.

• The Journal of Asian Finance, Economics and Business
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• 제7권7호
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• pp.475-487
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• 2020

The paper aims to facilitate a discussion around how big data technologies and data from citizens can be used to help public administration, society, and policy-making to improve community's lives. This paper discusses opportunities and challenges of big data strategies for government, society, and policy-making. It employs the presentation of numerous practical examples from different parts of the world, where public-service delivery has seen transformation and where initiatives have been taken forward that have revolutionized the way governments at different levels engage with the citizens, and how governments and civil society have adopted evidence-driven policy-making through innovative and efficient use of big data analytics. The examples include the governments of the United States, China, the United Kingdom, and India, and different levels of government agencies in the public services of fraud detection, financial market analysis, healthcare and public health, government oversight, education, crime fighting, environmental protection, energy exploration, agriculture, weather forecasting, and ecosystem management. The examples also include smart cities in Korea, China, Japan, India, Canada, Singapore, the United Kingdom, and the European Union. This paper makes some recommendations about how big data strategies transform the government and public services to become more citizen-centric, responsive, accountable and transparent.

• Journal of Smart Tourism
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• 제4권2호
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• pp.5-14
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• 2024

This study explores the transformative potential of machine learning (ML) and ML-driven data analytics in the hospitality industry. It provides a comprehensive overview of this emerging method, from explaining ML's origins to introducing the evolution of ML-driven data analytics in the hospitality industry. The present study emphasizes the shift embodied in ML, moving from explicit programming towards a self-learning, adaptive approach refined over time through big data. Meanwhile, social media analytics has progressed from simplistic metrics deriving nuanced qualitative insights into consumer behavior as an industry-specific example. Additionally, this study explores innovative applications of these innovative technologies in the hospitality sector, whether in demand forecasting, personalized marketing, predictive maintenance, etc. The study also emphasizes the integration of ML and social media analytics, discussing the implications like enhanced customer personalization, real-time decision-making capabilities, optimized marketing campaigns, and improved fraud detection. In conclusion, ML-driven hospitality data analytics have become indispensable in the strategic and operation machinery of contemporary hospitality businesses. It projects these technologies' continued significance in propelling data-centric advancements across the industry.

• 한국빅데이터학회지
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• 제2권2호
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• pp.9-16
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• 2017

클라우드 서비스에 기반한 글로벌 플랫폼 솔루션 기업은 인공지능과 빅데이터 서비스를 킬러앱으로 발전시키며 기업의 산업 솔루션을 제공하며 이것은 기업의 비즈니스 밸류 체인에 큰 변화를 가져오게 할 것이다. 제조 생산의 최적화에서 디자인과 마케팅, 유통 등이 중요해 지고 SCM와 고객 데이터가 수평적으로 연결되어 관리가 필요해지면서 기업의 모든 데이터도 하나의 플랫폼을 중심으로 데이터에 기반한 통합을 이루어 기업 의사 결정 모델을 구현하는 방향으로 발전하게 된다. 이러한 변화는 기업의 소셜, 모발 솔루션과 통합되는 디지털 혁신을 리드하고 있다. 또한 기업은 다른 기술 경쟁력을 가진 기업의 기술, 플랫폼 솔루션과 Ecosystem 비즈니스 파트너로 융합하여 새로운 비즈니스 모델을 만들고 산업과 지역의 경계를 넘어 새로운 에코시스템 마켓플레이스를 만들고 있다.

• 디지털융복합연구
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• 제20권3호
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• pp.181-189
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• 2022

모바일 기기의 확산과 ICT 기술로 핀테크 혁신이 더욱 가속화 될 것으로 전망되는 가운데, 최근 금융의 화두는 '디지털 전환'이며, 여기에는 빅데이터의 활용이 주요 요소라 할 수 있다. 특히 오픈 뱅킹이라는 인프라가 마이데이터와 마이페이먼트 산업과 연계되어 금융정보의 이종결합, 자산 조회 및 이체 기능이 결합되는 오픈 파이낸스 시대가 도래고 있다. 마이데이터는 데이터 활용을 통한 가치 창출에 주목하여 나타난 개념으로, 데이터의 주체가 능동적인 자기결정권을 갖는데 의의가 있는데 현재 국내에서도 마이데이터가 시행 되며 전략적 활용방안을 모색되고 있다. 이에 본 연구는 마이데이터 관련 비즈니스 사례를 분석하여 향후 금융의 디지털 전환을 위한 전략적 활용방안을 제시하는 것을 목적으로 하였다. 해외 주요국가에서 마이데이터 개념을 적용한 PSD2 및 오픈뱅킹 정책을 적극 추진하고 있는 가운데 성공적인 비즈니스 모델(Mint, Information Bank, Strands)의 분석을 통해 데이터 기반 비즈니스의 타당성을 확인하고 공통점을 모색하기 위한 사례 연구를 수행하였다. 거래의 효율성과 다양성을 향상시키는 사업 모델을 제공한다는 관점에서 마이데이터는 기존의 사업 모델을 개선할 수 있는 잠재력이 있음을 확인할 수 있었다. 마이데이터는 본인 중심의 모든 데이터로부터 개별적인 데이터 생태계를 쉽게 구현하고 관리할 수 있어야 하는데 개인이 스스로 이를 관리, 통제, 활용하는 것은 현실적으로 어렵다. 따라서 마이데이터 오퍼레이터 또는 마이데이터 서비스 제공자 역할을 할 수 있는 비즈니스 모델이 적극적으로 모색될 필요가 있겠다.

• 전기학회논문지
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• 제66권7호
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• pp.1083-1091
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• 2017

As big data technologies have been developed and massive data have exploded from users through various channels, CEO of global IT enterprise mentioned core importance of data in next generation business. Therefore various machine learning technologies have been necessary to apply data driven services but especially recommendation has been core technique in viewpoint of directly providing summarized information or exact choice of items to users in information flooding environment. Recently evolved recommendation techniques have been proposed by many researchers and most of service companies with big data tried to apply refined recommendation method on their online business. For example, Amazon used item to item collaborative filtering method on its sales distribution platform. In this paper, we develop a commercial web service for suggesting music contents and implement three representative collaborative filtering methods on the service. We also produce recommendation lists with three methods based on real world sample data and evaluate the usefulness of them by comparison among the produced result. This study is meaningful in terms of suggesting the right direction and practicality when companies and developers want to develop web services by applying big data based recommendation techniques in practical environment.