You are right@Dariusz that Big Data database technologies, cloud computing, machine learning, Internet of Things, artificial intelligence for prediction research processes, forecasting future events are going to advance understanding of science in depth..

Right of course depends also on subjective or objective approaches.

I feel now we realized data is of vital importance for decision sciences and Data is generated rather than collected with available technologies for data preparation at all operational, tectical and strategic level in Bayesian or no Bayesian environment. AI and soft computing play dominant role in data science

In the context of the above considerations, the following question is also current: Will Big Data help in accurate forecasting of future economic and other processes? What do you think about the possibility of forecasting economic processes based on the analysis of large data sets in Big Data database systems? Will Big Data help in precisely forecasting future economic processes, including in terms of forecasting stock exchange trends on stock exchanges? Will Big Data help in forecasting future, next financial, economic and other crises such as climate disasters, weather anomalies, earthquakes, etc.? Please reply Best wishes

Therefore, in the context of the above considerations, the following important question appears:

Does the use of Big Data database technologies and Business Intelligence analytics increase the accuracy of economic and financial analyzes carried out?

Do the results of the analyzes carried out using Big Data database technologies and Business Intelligence analytics allow improving the accuracy of conducted economic and financial analyzes and other analyzes of the type of technical analysis, fundamental analysis and other analysis of economic performance, economic and financial situation, property valuation, determination of business development perspectives , joint-stock companies, issuers of securities whose securities are traded on the stock exchange on the stock exchange?

In the context of the above discussion, another question arises:

Does it result in the use of Big Data database technologies and Business Intelligence analytics for technical analysis, fundamental analysis and other analysis of economic effectiveness, economic and financial situation, property valuation, determining the development perspectives of enterprises, joint-stock companies, issuers of securities whose securities are located in the stock exchange trading on the stock exchange, the efficiency of analytical processes increases? Do the results of conducted analyzes using Big Data database technologies and Business Intelligence analytics allow to improve the accuracy of conducted analyzes and increase the probability of prediction, forecasted phenomena and economic processes occurring?

Do you agree with my opinion on this matter?

In view of the above, I am asking you the following question:

Do the results of the analyzes carried out using Big Data database technologies and Business Intelligence analytics allow improving the accuracy of conducted economic and financial analyzes and other analyzes of the type of technical analysis, fundamental analysis and other analysis of economic performance, economic and financial situation, property valuation, determination of business development perspectives , joint-stock companies, issuers of securities whose securities are traded on the stock exchange on the stock exchange?

Please reply

I invite you to the discussion

Thank you very much

Dear Colleagues and Friends from RG

The issues of the use of information contained in Big Data database systems for the purposes of carrying out Business Intelligence analyzes are described in the 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.

Best wishes

Industry 4.0 information technologies have been intensively developed in recent years. Some of these advanced data processing technologies, such as more and more advanced IT systems, Big Data database systems, Business Analytics, Business Intelligence, computing cloud computing, machine learning, artificial intelligence, etc., are used in analytical processes for studying and analyzing large collections information for forecasting the probability of continuation of trends in various processes and the occurrence of unusual phenomena in the future. At present, it is difficult to indicate the limits of this development and the progress made in improving the research instruments used to study and analyze large collections of information. Will future reports and forecasting analyzes be more accurate, more accurate and forecasts more likely to be implemented in the future thanks to the use of ever more perfect analytical tools?

Please reply

I thing use of data science and soft computing approaches using fuzzy set theory., rough sets etc will further ease the innovative subjective forecasting, your can see our work and other researchers.

Thanks for response I feel Data Science will dominate and power of data will prevail.