2019
DOI: 10.21278/tof.43206
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Big Data-Enhanced Risk Management

Abstract: Today's global and complex supply networks are susceptible to a broad variety of internal and external risks. Thus, comprehensive and innovative approaches to risk management are required. This paper addresses the question of how Big Data can be used for the implementation of an advanced risk management system. A conceptual framework covering three major dimensions of Big Data-driven risk management, i.e. type of risk, risk management phases and available technology, is introduced. Additionally, selected appli… Show more

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Cited by 4 publications
(4 citation statements)
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“…In this article, we demonstrate how PAI in combination with data science and AI can contribute to the reduction of nuclear risks worldwide: analysts will have access to a finer level of details on descriptive analytics for increased situational awareness, leading to a higher level of confidence in insights and analyses at the scale used for real-time informed decisionmaking. This aligns with previous work highlighting the value of data analytics and open-source information for nuclear security, safeguards, and risk reduction [6], [9], [38]- [41]. We presented our NLP and DL approaches to automatically learn dynamically evolving proliferation expertise representations from open data sources that have extreme volume, velocity, and complexity-terabytes of unstructured scientific publications over the last five years-focusing on six countries of interest-Russia, North Korea, Pakistan, India, Iran, and the United States.…”
Section: Discussionsupporting
confidence: 89%
“…In this article, we demonstrate how PAI in combination with data science and AI can contribute to the reduction of nuclear risks worldwide: analysts will have access to a finer level of details on descriptive analytics for increased situational awareness, leading to a higher level of confidence in insights and analyses at the scale used for real-time informed decisionmaking. This aligns with previous work highlighting the value of data analytics and open-source information for nuclear security, safeguards, and risk reduction [6], [9], [38]- [41]. We presented our NLP and DL approaches to automatically learn dynamically evolving proliferation expertise representations from open data sources that have extreme volume, velocity, and complexity-terabytes of unstructured scientific publications over the last five years-focusing on six countries of interest-Russia, North Korea, Pakistan, India, Iran, and the United States.…”
Section: Discussionsupporting
confidence: 89%
“…The risk of data manipulation, security and hidden costs were also identified in the study of Guha and Kumar (2017) that explored the emergence of big data research in the field of operations management. In the aspect of big data, Bischof and Wilfinger (2019) opined that material, financial and information risks are some of the crucial risk factors associated with this digital technology. In the study of Digmayer and Jakobs (2018), some critical risks associated with the 4IR technologies include issues relating to interconnection of systems, increase data generation, changing demands placed on employees, data security and safety, job loss, etc.…”
Section: Risk Of Digitalisation In Constructionmentioning
confidence: 99%
“…Все эти данные необходимо извлекать и обрабатывать, чтобы сохранить трафик ввода-вывода из-за медленной вычислительной мощности. [5].…”
Section: глава 1 введениеunclassified