Monitoring of socio-economic processes for management decisions using big data Cover Image

Моніторинг соціально-економічних процесів для прийняття управлінських рішень із використанням великих даних
Monitoring of socio-economic processes for management decisions using big data

Author(s): Bogdan Patsai, Lyubov Filippova
Subject(s): Business Economy / Management, Methodology and research technology, Management and complex organizations, Socio-Economic Research
Published by: Університет Григорія Сковороди в Переяславі
Keywords: monitoring; socio-economic processes; big data; unstructured data; systems analysis; information society

Summary/Abstract: Purpose. The subject of the research are methods and approaches that used to monitor the socio-economic processes in theinformation society. The purpose the study is to analyze the existing approaches to the definition of monitoring and accounting ofadvanced tools and technologies that used to monitor the socio-economic processes and phenomena using unstructured data.Methodology. Methodological and theoretical basis of the study constitute the fundamental works of foreign and domesticscientists. Methods of system analysis, induction and deduction was apply.Results. Theoretical approaches to the definition of monitoring were analyze in the work. Terms of preparation for the monitoringwere identify and the steps of the meeting have been describe. Particular attention paid to the monitoring and managementsubsystem as a general approach to the definition of its elements. Monitoring role and relevance of the use of modern methods andapproaches in the study of socio-economic processes and phenomena has been consider. The main trends in the use of big data,prospects and benefits of their use have been disclose. In summary, that the introduction of big data to reduce costs, optimize thetime to justify business decisions and the like. Using analytics allows you to create an effective system of management of financialflows in order to improve the efficiency of enterprises.Practical implications. The results can be used in industries such scientific knowledge as a business analyst, controlling,analytical methods of strategic management, information technology, data analysis. This will not only reduce the cost of hardware,but also give the opportunity to make informed management decisions.Conclusions. Considering the concept of «monitoring» from different points of view can speak with confidence about his ambiguityand complexity. Various scientific sphere was use as a tool for monitoring their research, investing in this concept is its interpretation.A key factor in the analysis of this concept is the object of monitoring and its purpose, define the structure of his system, approachesand techniques that used at the same time. The use of traditional methods is advisable only if the small amount of data that wereanalyze. Due to the tastes and requirements of the consumer goods and services are rapidly changing, and the globalization ofmarkets are increasingly affects the economic processes. Become necessary system that would not only take into account thewishes of the development phase of development strategies, but also minimizes the likelihood of financial loss, quickly adapting tothe new challenges of the environment. This objective was realize only in the case of complex application monitoring system of socioeconomicprocesses and phenomena using big data to make effective management decisions.

  • Issue Year: 1/2015
  • Issue No: 26
  • Page Range: 80-86
  • Page Count: 7
  • Language: Ukrainian