The improvement of specific risk management systems is particularly important in many areas of functioning of commercial business entities, financial institutions, public institutions as well as conducting investment, research and other projects.
How important is this is, for example, the global financial crisis that appeared in mid-September 2008, when specific financial, investment and credit risk management systems were not properly improved and the procedures of investment activity, including credit, were not carried out reliably, as well as customer service, and violation of business ethics in investment banks operating at the time and many other types of financial institutions and business entities.
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Dear Colleagues and Friends from RG
The key aspects and determinants of applications of data processing technologies in Big Data database systems are described in the following publications:
Article APPLICATION OF DATA BASE SYSTEMS BIG DATA AND BUSINESS INTEL...
Article The Big Data technologies as an important factor of electron...
Article The Technological Solutions Big Data and the Importance of B...
I invite you to discussion and cooperation.
Thank you very much
Best wishes
A large number of Fintech Startups in India are working in this space.
I have seen this question here over the past several days and pondered what actually is the question, as there are many embedded themes. I think you are asking about risk management systems that use big data.
Under "risk management system" I would start with ISO31000 which is not too prescriptive. From that you could branch into either a matrix type process or Monte Carlo. Either process could link to an organisation's pools of big data.
But we should not merely link a risk management process to big data pools that happen to be available to an organisation. After considering risk using an ISO31000 type approach, the next step is to consider what data is needed to research each risk, whether or not that data is available.
Article Prioritizing risks for the future using Monte Carlo simulati...
Thank you very much for your answers, for comments and interesting scientific information.
These types of mutual discussions lead to interesting, jointly formulated conclusions.
I invite you to continue the discussion.
Dear Colleagues and Friends from RG,
The key aspects and determinants of applications of data processing technologies in Big Data database systems are described in the following publications:
Article APPLICATION OF DATA BASE SYSTEMS BIG DATA AND BUSINESS INTEL...
Article The Big Data technologies as an important factor of electron...
Article The Technological Solutions Big Data and the Importance of B...
I invite you to discussion and cooperation.
Thank you very much
Best wishes
Due to the dynamic development of the collection of digitized documents in Big Data database systems, the importance of data security in these databases grows and the information risk management systems collected in Big Data databases are subject to improvement.
What do you think about this topic?
Please reply
I invite you to the discussion
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