2020
DOI: 10.18421/tem92-44
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Data Science and Big Data Technologies Role in the Digital Economy

Abstract: This article explores the role of Data Science and Big Data technology in the modern digital economy. The author states that large and medium companies from retail trade and service sector show increased interest in using them. These technologies are actively used by banks, mobile operators and large manufacturing companies to analyze data on equipment failures and to reduce downtime, which allows reducing costs. The role of Big Data technology is to be a liquid product and a necessary condition to increase th… Show more

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Cited by 36 publications
(19 citation statements)
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“…Such co-development with stakeholders can also enable the integration of green elements and technical knowledge into the supply chain (Parmigiani et al, 2011). The Internet will help enterprises search for and analyze information about cutting-edge green technologies (Novikov, 2020) and reduce the transactional costs of searching, matching and negotiating. Enterprises can also collect data about consumers' green preferences from the market, which will offer more possibilities for green innovation development (Xie et al, 2015).…”
Section: Internet Development and Gtimentioning
confidence: 99%
“…Such co-development with stakeholders can also enable the integration of green elements and technical knowledge into the supply chain (Parmigiani et al, 2011). The Internet will help enterprises search for and analyze information about cutting-edge green technologies (Novikov, 2020) and reduce the transactional costs of searching, matching and negotiating. Enterprises can also collect data about consumers' green preferences from the market, which will offer more possibilities for green innovation development (Xie et al, 2015).…”
Section: Internet Development and Gtimentioning
confidence: 99%
“…Ultimately, such systems have advantages and disadvantages. However, unless such digital tools are employed, both business and the state will simply be globally uncompetitive, and the quality of life will suffer [7,12,13].…”
Section: Resultsmentioning
confidence: 99%
“…The results of the experiment show that this randomized decision tree algorithm classifies companies with large risk, large risk, small risk, and small risk with improved classification accuracy, which has been determined by bank staff to be a practical reference for predicting bank risk. However, because of the small number of large risk data in the training dataset, this branch is not sufficiently trained, making the stochastic decision tree algorithm less accurate than the other branches for large risk classification [ 25 ].…”
Section: Experimental Validationmentioning
confidence: 99%