Fair East Publishers: E-Journals
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BIG DATA ANALYTICS: A REVIEW OF ITS TRANSFORMATIVE ROLE IN MODERN BUSINESS INTELLIGENCE
No full textIn the dynamic landscape of modern business intelligence, Big Data Analytics has emerged as a transformative force, reshaping the way organizations derive insights from vast and diverse datasets. This paper provides a concise overview of the key themes explored in the comprehensive review of Big Data Analytics and its impact on modern business intelligence. Big Data Analytics represents a paradigm shift in decision-making processes, offering organizations the capability to harness the full potential of their data assets. The review delves into the multifaceted role of Big Data Analytics, emphasizing its significance in strategic planning, risk management, operational optimization, and customer-centric initiatives. Strategic planning takes a quantum leap forward as organizations leverage predictive analytics to anticipate market trends. The integration of analytics-derived insights aligns decision-making with overarching organizational objectives, driving a more informed and forward-thinking approach to strategic initiatives. Risk management becomes more proactive with the integration of Big Data Analytics, particularly in fraud detection and prevention. The ability to process large volumes of data in real-time enhances vigilance, mitigating financial risks associated with fraudulent activities cenario modeling further empowers organizations to assess and address potential risks before they materialize. Operational optimization becomes a focal point as analytics uncovers inefficiencies in manufacturing processes, supply chains, and retail operations. Real-time decision-making in retail, enabled by data analytics, ensures agility and responsiveness to changing market dynamics and customer preferences. Customer-centric initiatives are elevated through personalized marketing campaigns and predictive analytics in customer support. The review explores how Big Data Analytics enables organizations to craft personalized experiences, enhancing customer satisfaction and loyalty. The study encapsulates the transformative journey of Big Data Analytics in modern business intelligence, emphasizing its role in navigating strategic complexities, mitigating risks, optimizing operations, and placing the customer at the center of decision-making processes. The comprehensive review provides insights for organizations seeking to harness the transformative potential of Big Data Analytics in the data-driven era.
Keywords: Big Data, Business Intelligence, Data Analytics, Modern Business, Review
DATA CONFIDENTIALITY AND INTEGRITY: A REVIEW OF ACCOUNTING AND CYBERSECURITY CONTROLS IN SUPERANNUATION ORGANIZATIONS
No full textIn an era dominated by digital transformation, superannuation organizations face unprecedented challenges in safeguarding the confidentiality and integrity of sensitive financial data. This review explores the intricate relationship between accounting practices and cybersecurity controls within the context of superannuation entities. By examining the existing literature, regulatory frameworks, and industry best practices, this paper synthesizes the key considerations essential for ensuring robust data protection. The study delves into the critical role of accounting systems in managing financial information and the subsequent implications for data confidentiality. It investigates how evolving accounting standards and practices intersect with cybersecurity protocols to fortify the integrity of financial records within superannuation organizations. The dynamic nature of cyber threats necessitates a comprehensive analysis of technological safeguards, risk management frameworks, and compliance measures to uphold data confidentiality. Furthermore, the review underscores the imperative for a multidimensional approach to cybersecurity in the superannuation sector. It discusses the integration of advanced technologies such as encryption, blockchain, and anomaly detection alongside traditional accounting controls to create a resilient defense against emerging threats. The exploration extends to the examination of employee training programs, incident response strategies, and third-party risk assessments as integral components of a comprehensive cybersecurity posture. As superannuation organizations navigate the complex landscape of data management, a holistic understanding of the interplay between accounting and cybersecurity controls becomes paramount. This review contributes to the existing body of knowledge by providing insights into the challenges and opportunities presented by the evolving technological landscape, offering practitioners and policymakers a foundation for enhancing data confidentiality and integrity in the superannuation sector.
Keywords: Data Confidentiality; Accounting; Cybersecurity; Superannuation Organization; Data Integrity. 
REVIEW OF INNOVATIVE SUPPLY CHAIN MODELS IN THE U.S. PHARMACEUTICAL INDUSTRY: IMPLICATIONS AND ADAPTABILITY FOR AFRICAN HEALTHCARE SYSTEMS
Get PDFThis comprehensive review explores innovative supply chain models within the U.S. pharmaceutical industry and examines their implications and adaptability for healthcare systems in Africa. The U.S. pharmaceutical sector is characterized by intricate logistics, stringent regulatory frameworks, and a dynamic market landscape. Through a detailed examination of pioneering supply chain models, this review aims to identify best practices, challenges, and opportunities that may inform strategies for enhancing pharmaceutical supply chains in African healthcare systems. Key considerations include the integration of advanced technologies, regulatory compliance, and collaborative partnerships within the pharmaceutical supply chain. The implications of these innovative models for African healthcare systems are assessed in the context of the unique challenges faced by the continent, such as limited infrastructure, diverse regulatory environments, and varying socio-economic conditions. The review underscores the potential for knowledge transfer and adaptation of successful U.S. supply chain models to bolster the efficiency, accessibility, and affordability of pharmaceuticals in Africa. Moreover, it emphasizes the importance of tailoring strategies to the specific needs of each region, considering factors such as local infrastructure, regulatory frameworks, and the socio-economic landscape. By synthesizing insights from the U.S. pharmaceutical industry and evaluating their applicability to African healthcare systems, this review contributes to the ongoing discourse on strengthening global health supply chains. It provides a foundation for policymakers, healthcare professionals, and industry stakeholders to develop contextually relevant strategies that enhance pharmaceutical accessibility, affordability, and overall healthcare outcomes across the African continent.
Keywords: Supply Chain, Pharmaceutical, Healthcare, USA, Innovation
ARTIFICIAL INTELLIGENCE IN HEALTHCARE: A REVIEW OF ETHICAL DILEMMAS AND PRACTICAL APPLICATIONS
No full textThe fusion of Artificial Intelligence (AI) and healthcare heralds a new era of innovation and transformation, yet it is not without its ethical quandaries. This comprehensive review traverses the intricate landscape where AI meets healthcare, delving into the ethical dilemmas that arise alongside practical applications. The ethical considerations span a spectrum, encompassing issues of patient privacy, transparency, accountability, and the inadvertent perpetuation of biases within AI algorithms. Privacy concerns emerge as a central ethical dilemma as healthcare providers leverage AI to process vast amounts of patient data. Striking a delicate balance between harnessing the power of AI for diagnostic and predictive purposes and safeguarding sensitive medical information is a critical challenge. Moreover, the review scrutinizes the ethical implications of AI algorithms and their potential to perpetuate biases, inadvertently exacerbating health disparities. A nuanced examination of bias mitigation strategies becomes imperative to ensure that AI technologies contribute to equitable healthcare outcomes. In tandem with ethical considerations, the review illuminates the practical applications reshaping the healthcare landscape. AI-driven diagnostics, predictive modeling, and personalized treatment plans emerge as transformative tools, enhancing clinical decision-making and patient outcomes. The efficient allocation of resources, streamlined workflows, and the acceleration of drug discovery processes showcase the tangible benefits of AI integration. This review aspires to guide healthcare practitioners, policymakers, and technologists in navigating the ethical crossroads of AI in healthcare. By fostering an awareness of ethical pitfalls and emphasizing responsible AI development, stakeholders can collaboratively shape a future where AI augments healthcare delivery, upholds ethical standards, and ultimately improves the quality of patient care.
Keywords: AI, Healthcare, Ethics, Review, AI Application
CONCEPTUAL DEVELOPMENT AND FINANCIAL ANALYTICS FOR STRATEGIC DECISION-MAKING IN TELECOMMUNICATIONS, FOCUSING ON ASSESSING INVESTMENT OPPORTUNITIES AND MANAGING RISKS IN SATELLITE PROJECTS
Get PDFConceptual development and financial analytics are critical components of strategic decision-making in the telecommunications industry, particularly in assessing investment opportunities and managing risks in satellite projects. This Review provides an overview of the key concepts and approaches used in this context. In the telecommunications sector, especially in satellite projects, conceptual development involves the creation and refinement of strategic plans and objectives. This process includes identifying market opportunities, defining project goals, and developing strategies to achieve them. Financial analytics, on the other hand, involves the use of financial data and models to evaluate the financial viability of investment opportunities and assess the potential risks. One of the key challenges in conceptual development and financial analytics for satellite projects is the complexity and uncertainty inherent in the telecommunications industry. Satellite projects often require significant upfront investment and have long lead times, making it essential to carefully evaluate the financial and strategic implications of such investments. To address these challenges, telecommunications companies use a range of tools and approaches. These include financial modeling, scenario analysis, and risk management techniques. Financial modeling involves creating mathematical models to simulate different investment scenarios and assess their financial impact. Scenario analysis involves evaluating the potential outcomes of different scenarios and identifying key drivers of financial performance. Risk management techniques involve identifying and mitigating potential risks associated with satellite projects, such as regulatory changes, technological obsolescence, and competitive pressures. Overall, conceptual development and financial analytics play a crucial role in strategic decision-making in the telecommunications industry, especially in satellite projects. By using these approaches, companies can assess investment opportunities, manage risks, and make informed decisions that align with their strategic objectives.
Keywords: Financia Analytics, Strategic, Decision-Making, Telecommunications, Development
HUMAN RESOURCE MANAGEMENT STRATEGIES FOR SAFETY AND RISK MITIGATION IN THE OIL AND GAS INDUSTRY: A REVIEW
Get PDFThe oil and gas industry is renowned for its inherent operational risks and complex safety challenges, necessitating robust Human Resource Management (HRM) strategies for effective safety measures and risk mitigation. This comprehensive review explores the evolving landscape of HRM practices within the oil and gas sector, focusing on their pivotal role in enhancing workplace safety and reducing operational risks. The review delves into the dynamic nature of the oil and gas industry, characterized by hazardous work environments, intricate technological processes, and a global workforce. Analyzing existing literature and case studies, the paper underscores the critical need for HRM strategies that prioritize safety culture, employee training, and proactive risk management. Key aspects include recruitment and selection processes tailored to identify candidates with a strong safety mindset, ongoing training programs to enhance competencies and awareness, and the establishment of a safety-centric organizational culture. Furthermore, the review examines the integration of technology and data analytics in HRM practices within the oil and gas sector. The utilization of advanced technologies for personnel training, real-time monitoring, and predictive analytics is discussed as a means to pre-emptively identify potential safety risks and proactively address them. Additionally, the paper highlights the importance of fostering communication and collaboration among employees, emphasizing the role of HRM in facilitating a transparent and open reporting culture. The findings of this review contribute to a deeper understanding of the multifaceted role played by HRM in promoting safety and mitigating risks within the oil and gas industry. As the industry continues to evolve, the adoption of innovative HRM strategies becomes imperative for organizations seeking to maintain a secure and resilient operational environment while safeguarding the well-being of their workforce.
Keywords: HR, Management, Safety, Risk Mitigation, Oil and Gas, Industry, Review
SUSTAINABILITY AND RISK MANAGEMENT IN SHIPPING AND LOGISTICS: BALANCING ENVIRONMENTAL CONCERNS WITH OPERATIONAL RESILIENCE
Get PDFThis paper explores the delicate balance between sustainability and risk management in the shipping and logistics industry, addressing the escalating environmental concerns while ensuring operational resilience. Investigating the adoption of sustainable practices, alternative fuels, and eco-friendly technologies, the study examines regulatory frameworks and industry initiatives shaping sustainable development. Simultaneously, it delves into the risks associated with these changes, including financial, operational, and regulatory dimensions. The research also scrutinizes risk management strategies, encompassing proactive measures to mitigate environmental impact, compliance with evolving regulations, and the implementation of resilient operational frameworks. Through a comprehensive synthesis of academic literature, case studies, and industry insights, the paper contributes to understanding how sustainability efforts can align with robust risk management, offering valuable guidance for industry stakeholders, policymakers, and academics navigating the complex landscape of environmental responsibility and operational resilience in the global supply chain.
Keywords: Sustainability, Risk Management, Shipping Logistics, Environmental Operational, Resilience
EXPLORING LINE MANAGERS’ PERSPECTIVE ON THE EFFECTS OF ORGANISATIONAL FACTORS ON THE IMPLEMENTATION OF HRIS: A SURVEY IN THE MMDAS IN THE UPPER WEST REGION OF GHANA
Get PDFThis study explored the line managers’ perspective on the organizational factors affecting the implementation of the Human Resource Information System (HRIS) in the Metropolitan, Municipal and District Assemblies (MMDA’S) in the Upper West Region (UWR) of Ghana. In order to accomplish the purpose of the study, five organizational factors were explored from literature namely: Top Management Support, Financial Resources, Training, Relative Advantage and Change Management. Data was collected through a questionnaire. 187-line managers were purposively selected from the eleven MMDA’s in the UWR of Ghana. Data was analyzed using Statistical Package for Social Software (SPSS). The study concluded that, Top Management Support, Financial Resources, Training, had a moderate level of acceptance as factors that affect the implementation of the HRIS whereas Relative Advantage and Change Management had a low level of acceptance. The study also concluded that Top Management Support, Relative Advantage had correlation with Effectiveness whereas Financial Resources, Training, Change Management had no correlation with the Effectiveness. The study recommended that top management must support and provide enough financial resources in the implementation of the HRIS.
Keywords: Human Resource Information System, Organisational Factors, Implementation
AN ASSESSMENT OF THE IMPACT OF EDUCATIONAL QUALIFICATIONS ON EMPLOYEE JOB PERFORMANCE AMONG GHANAIAN UNIVERSITY ADMINISTRATIVE STAFF
Get PDFAccording to CEDEFOP (2014) an educational qualification type is a group of titles/diplomas and/or certificates within a country, sharing similar characteristics in terms of level, duration of related education pathway, and level of labour market entry. Within a qualification type, there are many different qualifications according to content. Qualification is an indication of trust in someone’s personal capabilities (Cedefop, 2012). It is usually a degree, diploma or certificate awarded by a competent authority in recognition that particular programme or qualification outcomes have been achieved following the successful completion of a recognized higher education programme of study (QAA, 2014). A qualification can be a legal entitlement to practice a trade (OECD, 2007). Work or job performance has been used to define employees’ ability to complete assigned duties according to organizational set rules and procedures occasioned by the normal constraints of reasonable utilization of available resources (Ogunley & Osekita, 2016). Fundamentally, performance has been viewed as an evaluation of the results of a person’s behaviour, and it involves determining the behavioural actions on how well or poorly a person has accomplished a task or done a job. It had been concluded as Lussier (2010) believes that to attain high levels of performance by both employees and managers, it is important that organizations to warrant that their employees have the requisite qualifications, the abilities, and the resources to meet organizations objectives. The results of the study proved that there is a strong relationship between educational qualification and job performance. It has been found by 80% of the study’s respondents that by virtue of their educational qualification, they are able to come up with new ideas to perform their jobs very well. Subsequently, when employees’ performance is not at the standard level or above the level set, then organizational leaders have the responsibility to determine which performance factors need to be improved, and what strategies are adopted to improve them. Consequently, administrative staff and employees in general should think of the current gap and challenge within their career path and decide the best program that will help to meet such needs. Finally, to improve the nexus of academic qualifications and job performance, this study recommended that special incentives and grants be made available, as well as be the drivers behind their staff pursuing higher educational qualification.
Keywords: Educational Qualification, Employee Job Performance, Administrative Staff
DEVELOPING INTERNATIONAL POLICY GUIDELINES FOR MANAGING CROSS-BORDER INSOLVENCIES IN THE DIGITAL ECONOMY
Get PDFThe rapid growth of the digital economy has transformed global commerce, introducing new complexities and challenges, particularly in the realm of cross-border insolvencies. As businesses increasingly operate across national boundaries and rely on digital assets and data, traditional bankruptcy laws struggle to effectively address the intricacies of digital insolvencies. This review outlines the need for developing international policy guidelines to manage cross-border insolvencies in the digital economy. Cross-border insolvencies in the digital economy present unique challenges, including jurisdictional conflicts, the treatment of digital assets and data, and coordination among diverse stakeholders. Existing international legal frameworks, while providing some guidance, are often inadequate in addressing these complexities. Thus, there is a pressing need for harmonized policy guidelines to facilitate efficient and fair resolution of digital insolvencies. The proposed policy guidelines aim to achieve several objectives. Firstly, they advocate for the harmonization of laws and regulations across jurisdictions to provide clarity and consistency in cross-border insolvency proceedings. Secondly, they call for the establishment of a framework for recognizing and enforcing foreign insolvency proceedings, ensuring equitable treatment of creditors and stakeholders. Additionally, the guidelines emphasize the protection and appropriate treatment of digital assets and data, reflecting their growing importance in the digital economy.
Implementation strategies include capacity building for legal professionals, mechanisms for dispute resolution and coordination, and ongoing monitoring and evaluation of policy effectiveness. Case studies and best practices will be utilized to illustrate successful cross-border insolvency resolutions in the digital economy, offering valuable insights for policy development and replication. In conclusion, developing international policy guidelines for managing cross-border insolvencies in the digital economy is crucial for promoting economic stability, facilitating global commerce, and safeguarding the interests of creditors and stakeholders in an increasingly interconnected world.
Keywords: Bankruptcy, Law, International Policy Guidelines, Cross-Border, Insolvencies, Digital Economy