The Digital Economy's Use of Big Data

Abstract

The function of Big Data technology and Data Science in the contemporary digital economy is examined in this article. According to the author, large and medium-sized businesses in the retail and service sectors have a greater interest in utilizing them. Banks, mobile operators, and major manufacturing firms actively employ these technologies (Artificial Intelligence) to evaluate data on equipment failures and minimize downtime, which enables cost-reduction. Big Data technology serves as a liquid product and a prerequisite for boosting business profitability through individualized customer care and predictive analytics. It is crucial to ensure the formation of unique data exchanges and legalize a single definition of big data for the modern digital economy.

Sector Analysis of Islamic Capital Markets and Artificial Intelligence Functioning as Sharia Advisors

“…The labor market is the most efficient in a sector of the economy undergoing major structural changes due in part to "labor-saving" technologies. All of these things affect the social structure of society, which is entirely dependent on political, business, and economic leadership [5]. That is why this revolution has attracted the attention of so many people.…”

“…In addition, this article humbly wishes to bring ideas into the discussion of the revelation of Islamic civilization in contemporary social practices, which are increasingly being forgotten in the Muslim world, including Malaysia [17]. Ahmad Fauzi Abdul Hamid, in his first lecture on 26 April 2018, entitled Islamism and Its Material: The Great Challenges of Malaysian Politics in the 21st Century, acknowledged that the process of "contraction" of this type of discourse is the result of an extreme focus on the process of Shari'atization and Salafization.…”