Result: System data analysis : innovative technologies, methods and techniques

Title:
System data analysis : innovative technologies, methods and techniques
Publisher Information:
Eleftherios Thalassinos
Publication Year:
2019
Collection:
University of Malta: OAR@UM / L-Università ta' Malta
Document Type:
Academic journal article in journal/newspaper
Language:
English
ISSN:
22414754
Rights:
info:eu-repo/semantics/openAccess ; The copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder
Accession Number:
edsbas.E87A8FF5
Database:
BASE

Further information

Purpose: The purpose of this article is to explore the use of technology of system data analysis. To achieve this goal it is necessary to solve the following set of tasks: to consider the essential characteristics of system analysis and its concept and to identify the algorithm of the application system of data analysis in the framework of methodological tools. Design/Methodology/Approach: The system analysis of data is considered a popular method of scientific knowledge, similar to the study of operations, since this approach is aimed at optimizing the components of a particular system. Its proper application needs knowledge of its methods, technologies and techniques. Authors compiled, analyzed and structured all the elements needed to solve the system data analysis' issues. Findings: Authors developed methodological tools, which can be classified according to some features as: the stage of solving a specific problem, the method of obtaining and presenting information data, the level of formalization of data. Authors also presented the system approach algorithm and scope, highlighting the technologies involved. Practical Implications: The results stressed the problem that the state is faced with the need to maintain a balance between the desire to regulate the state in this sphere and the needs of the market. The findings may be implemented into managerial practices in order to improve and increase the effectiveness of business administration. Originality/Value: The key contribution of this study is the compiled set of data analysis elements to practically keep business environment indicators of interest, relying not only on intuition, but also on framework of methodological tools. ; peer-reviewed