Business Integration Research Articles

Research on the Application of Big Data Technology in the Integration of Enterprise Business and Finance

With the advent of the era of big data, traditional financial management has been unable to meet the needs of modern enterprise business. Enterprises hope that financial management has the function of improving the accuracy of corporate financial data, assisting corporate management to make decisions that are more in line with the actual development of the company, and optimizing corporate management systems, thereby comprehensively improving the overall level of the company and ensuring that the company can be in business with the assistance of financial integration, can better improve and develop themselves. Based on the investigation of enterprises and universities, this article analyzes the problem of accounting talent training from both the demand and supply ends, and puts forward some suggestions for the teaching reform of accounting integration with big data in financial colleges and universities, and strives to promote the integration of business and finance. The optimal allocation of enterprise resources will gradually enhance the market competitiveness of enterprises, and explore the application strategies of big data technology in the integration of enterprise business and finance.

Key user ERP capability maintaining ERP sustainability through effective design of business process and integration data management

Business competition is increasingly complex, and there are no clear boundaries between products, so company operational processes are needed efficiently and effectively. The performance achieved is obtained through the implementation of an integrated information technology known as ERP. ERP implementation requires a person in charge of a business function called a key user who understands business processes and collaborates with ERP system vendors. The study obtained data that can further process from 77 manufacturing companies in East Java by purchasing an ERP or self-development package. Data processing uses PLS to answer all research hypotheses. The results show that key user capability was able to have a direct effect on the effective design of business processes of 0.643 and integration data management of 0.373. In contrast, it had no direct impact on ERP suitability. Effective Design of Business Processes has an immediate effect on Integration Data Management of 0.338 and ERP suitability of 0.395. The results also show that Integration Data Management has a direct effect on ERP suitability of 0.462. The data processing results for the indirect effect showed that key user capability influenced ERP suitability through the effective design of business processes of 0.507. Key user capability affects ERP suitability through Integration Data Management, and it is obtained as much as 0.254. The last hypothesis, key user capability, influences ERP suitability through effective Design of Business Processes and Integration Data Management of 0.182. The study results provide theoretical contributions to ERP implementation success factors, while practical gifts give key users a good understanding of the company's business processes and ERP systems.

Application of radar measurement technology in 3D surveying and mapping of transmission lines

This paper briefly introduces the background, significance, and development status of 3D radar technology at home and abroad, and then explains the concept, working principle, system composition, and workflow of the radar system. Combined with the current development trend of smart grids, it focuses on the application scope of this technology in the field of transmission line construction, operation, and maintenance. Then, through the specific implementation of the project cases, the daily operation and maintenance of four 500 kV transmission lines in Nanjing have played a certain guiding role. Finally, according to the development trend of smart grid and the actual demand of power system production and business integration, this paper briefly prospects the function expansion of this technology in transmission line operation evaluation, fault analysis and diagnosis, emergency rescue plan formulation, and other fields.

A Hybrid Task Crash Recovery Solution for Edge Computing in IoT-Based Manufacturing

Smart factory is the deep integration of technology, business, products, and industry. The R&D of products, the construction of factory information, customer orders, and supply chain data are combined to act on the production. This paper proposes a Hybrid Internet of Things (H-IoT) platform framework, which consists of five layers: intelligent device layer, communication protocol layer, edge computing layer, IoT control layer, and application layer. Object Linking and Embedding (OLE) for Process Control (OPC) transmits the received device data to the database of the edge server through the TCP/IP protocol. After the edge server performs preprocessing such as data cleaning, the device data are uniformly collected and distributed through the IoT layer. The various subsystems of the smart factory obtain the required resource data through IoT. To run tasks uninterruptedly and efficiently, we propose a Container-Managed Task Crash Recovery Mechanism for the Edge Computing (EC) layer. We design a reasonable EC hierarchy, then propose a task migration scheduling strategy. Our method ensures the reliability and stability of manufacturing with mass data transmission even in the case of a random crash of partial edge servers.

Značaj digitalizacije nabavke u ostvarivanju višekanalne maloprodajne izvrsnosti

Digitalization of procurement is a path to e-procurement and includes a set of practices and technologies, which through smart use of data, ICT and automation, raises the efficiency and effectiveness of existing and leads to the development of new procurement processes and activities. The most common notion of digitalization of procurement in retail implies the implementation of certain electronic solutions in various e-procurement phases of the retailer. Procurement and selling are two sides of the same retail coin. From time immemorial, business logic has dictated that everything should be procured rationally and that only what can be sold should be procured. With the modernization of retail come new challenges, which require exceptional coordination between sales and purchasing activities. Therefore, in certain circumstances, the digitization of sales may affect the digitization of procurement, and vice versa. The concept of multiple channel sales has been extensively present, from the moment when retailers started using multiple marketing channels in parallel. In this regard, modern, theoretically narrower understanding of multiple channel business implies the intersection of physical and digital sales channels. The market implications of the COVID-19 pandemic only further accentuated the need to integrate traditional and electronic sales channels, in order to respond to contactless purchasing requests. Achieving a multiple channel strategy is usually multi-iterative, as the retailer goes through the previous multiple channel phases, gradually expanding the range of sales channels and their integration. In this regard, Jocevski et al. (2019) noted that the key predispositions for the transition from a multichannel to an omnichannel strategy are a "seamless" shopping experience, data integration, and effective supply chain management. By its nature, the digitalization of retail procurement, as a business process, touches on all three key aspects of multiple channel integration. It is in this context that it is necessary to look for the previously mentioned link between the digitization of procurement and sales. Therefore, the focus of this paper will be on locating and explaining the specific ways in which procurement digitalization can affect the multiple channel integration of retail business.

ІННОВАЦІЙНИЙ ЛАНДШАФТ ЯК ФОРМА ПУБЛІЧНО-ПРИВАТНОГО ПАРТНЕРСТВА 1

The article examines the innovative landscape as a form of public-private partnership. The existing economic achievements in the interpretation of innovative landscapes are studied. It has been found that the formation of innovative landscapes is based on partnerships between economic agents. Cooperation and integration of science, education and business becomes possible provided that the interests, goals and objectives of the interacting parties are consistent. The principle of uniting the three entities on the basis of partnership determines the conditions for reconciling the interests of economic agents, coordination of their activities, exchange and distribution of resources: business is focused primarily on profit, while science is primarily interested in creating new knowledge and education for the training of qualified specialists. It is determined that the innovation landscape on the basis of public-private partnership will integrate the efforts of the state, business, science and education to develop a common vision of prospects for innovative development, as well as the formation and implementation of promising research and development programs. The main elements of public-private partnership in the field of education and science are analyzed. The main features of innovative landscapes on the basis of public-private partnership are given: mutual goals in the field of common interests; joint solution of common problems; equality; voluntary participation; pooling resources, information to achieve common goals; long term of interaction; specific forms of distribution of responsibilities and risks between partner participants; the implementation of partnerships takes place in a competitive environment. The formation of the innovation landscape is to create a partnership between the state, science, education and business, which could act as a favorable environment for the emergence and development of innovation. The key areas for the formation of innovative landscapes are the implementation of programs for the development of innovative activities; formation of new forms of territorial organization; increasing the activity of scientific and educational institutions; development of models and mechanisms to stimulate partnerships between business, research and educational institutions; stimulating the formation of new sectors of the economy; improving the efficiency of education and training.

УПРАВЛІННЯ ЗНАННЯМИ В УМОВАХ РОЗВИТКУ ЦИФРОВОЇ ЕКОНОМІКИ ТА ІНТЕЛЕКТУАЛІЗАЦІЇ СУСПІЛЬСТВА

The article justifies the relevance of consideration of the knowledge management issue in the context of the development of the digital economy and society intellectualization. It considers specific characteristics of the digital economy and society intellectualization to establish an effective knowledge management mechanism. Among the characteristics of the digital economy, the formation of technological consciousness, the change of time-and-value management aspects, the digitalization of economic and public life, forming and building the digital market, the transformation of cultural values, and the formation of virtual environment culture are distinguished. The interrelationship of these characteristics was emphasized. The work describes new tendencies in the knowledge management system based on the synergetic connection between technological components and behavioral aspects in management. It is stated that the technological consciousness formation can be traced in unilateral absolutization of technological and technical factors of society growth, which will lead to the domination of knowledge of technological nature rather than the conceptual one. The article emphasizes that establishing and building a digital market will cause changes of uncertain nature, in particular, there is a high possibility that the market will disappear physically in the future. Under these circumstances, the labor market structure will face changes, the emergence of new professions will displace those which are not connected to digital competency. It is concluded that this situation can cause some social problems in society because the modern labor market embraces the category of elderly people who would get in the rejected (excluded) class. The article highlights the importance of strengthening close integration of education, science, and business to determine the types of knowledge which will be in demand in the market, some methods and forms of gaining this knowledge, and effective transition and stimulation of different flows of knowledge into a single integral track.

Path of sustainable development of agricultural ecosystems in the context of digitalization

Digitalization provides new opportunities for determining the path of sustainable development of agricultural and ecological systems. The article attempts to consider the problems related to the emerging digital divide and the possibility of their leveling accompanying this process both at the international and national levels. Digital transformation is taking place not only in the technology sector and digital companies: its scale extends to all areas of the world economy. It was revealed that digital transformation, accompanied by the development of digital platforms, provides a more complete interaction of agricultural ecosystems with the digital world. Digital platforms have been identified to facilitate the integration of business, social and technological processes that form digital service ecosystems. The main reason for the expansion of the digital segment of agricultural ecosystems is the increase in the transactional sector. The creation of IT platforms based on the digitalization of production and technological processes, jobs; logistics, collaboration of agribusiness entities and public-private partners, consumers, competitors, investors, authorities has been proposed.

ISO 9004 maturity model for quality in industry 4.0

It is believed that Industry 4.0., as an integration of business and technologies, can significantly improve companies’ process performances and their innovation. However, most companies are not aware or not capable of assessing their Industry 4.0 maturity level. Since many considerations on Industry 4.0 successfulness include elements of the quality management system, ISO 9004:2018 guidance for achieving sustained success is considered in this paper as a possible basis for assessment of maturity level of quality in Industry 4.0, framed as Quality 4.0. The questionnaire with a sample size of 335 companies is used to explore the topic. Confirmatory factor analysis (CFA) and Structural equation modelling (SEM) were used to verify the ISO 9004:2018 model potential to be used for assessing Quality 4.0 maturity level. Results show that the Context of an organisation positively impacts the Identity of an organisation and Leadership. Therewithal, the Identity of an organisation is recognised to be a positive influencing predictor of Leadership that is proved to be a positive predictor of Process management and Resource management. Furthermore, Resource management is proved to have a positive impact on Performance analysis and evaluation as well on Improvement, learning and innovation construct. The findings indicate the model is usable in the context of Quality 4.0. Such a model could be utilised as a basis for developing a sustainable Quality 4.0 system roadmap.

An Appraisal of the Role of Islamic Banking Development and Economic Growth

Literature is well-versed with the contribution of financial inclusion from the deposit and financing size and its role in economic growth. These contributions include a boost in economic transactions and efficient resource mobilization. Islamic financial system is different from conventional banking as it distributes the risk equitably and promotes fairness in dealings. It helps in the integration of business gains as a borrower of Islamic capital with the earnings of savers as depositors. This study has proposed two channels via which Islamic financial development may incur growth. First is bank financing penetration, and second is depositor financial inclusion. Based on the data of 41 full-fledged Islamic banks between 2012 and 2017, the results show that both increases in bank and depositor returns have a growth-promoting effect. This prompts the policymakers with new insights. Policymakers should increase Islamic banking penetration to different sectors and regulate for increased extraction of the depositor contribution from the banking financing activity.

Systemic imperatives of the integration of education, science and business

According to international experience, the coordinated activities of higher education institutions, science, including new innovative structures (such as technology parks, foresight centers, expert and futuristic communities) and business should be main resource for the formation of effective innovation-driven economy. The focus of integration of education, science and business is on an innovative-entrepreneurial university that contributes to the strengthening and optimization of education and market. The attitude towards the main productive force that is towards an individual of highly intellectual and highly productive labor is changing.The role of specialists of the new format in innovation-driven economy is significant and will constantly grow. The main growth vectors should be intensity of innovations, leading education (with focus on technological progress and innovations), student-centeredness and strategic partnership. Innovative modernization can affect not only the qualitative transformations of socio-economic development, but also destabilize the balance of the economy and contribute to the manifestation of instability. This requires strengthening the interaction between education, science and entrepreneurship through synergy. The mechanism for the formation of an innovative model for the development of higher education should represent relations and institutions that guarantee the transformation of knowledge into new technologies, form a favorable competitive economic environment that provides innovative activity and the development of a fundamentally new innovative production. A problem in the educational activities of universities is the need for the earliest possible development of new areas of broad training of specialists in the field of management of innovative processes and commercialization of technologies, coupled with an insufficient level of real opportunities and incentives.

Evaluation of Synergies in the Context of European Multi-Business Utilities

In this paper, we evaluate selected multi-business utilities in the European energy market with regard to synergy potentials. To this end, we survey the development of the energy market in Europe and the performance of integrated versus focused utilities regarding their capital market performance measured by their corporate surplus (or deficit). The analysis is restricted to true business integration, in contrast to horizontal or vertical cooperation among separate firms. The German utility company RWE is analyzed in more detail. We find that, over the last 10–15 years, most of the multi-business utilities investigated underperformed compared to more focused utilities, and that they were even below the STOXX Europe 600 utilities index. Furthermore, synergy potentials need to be evaluated continuously, especially when influencing factors, with the potential to act as “game changers”, are either emerging on the horizon or are already present. We conclude that operating an integrated business model is not necessarily outdated in today’s energy markets, and offers a number of advantages.

The informal financial sector: The scale of disaster in Russia

Subject. The informal business more and more permeates the financial sector due to a growth in the digitization of the economy, developing IT and, consequently, cybercrime, increasing volume of e-payments. Objectives. I herein study trends in the informal financial sector of Russia and provide our recommendations for reducing the volume of cash withdrawal. Methods. The goals justifies my gradual study into legislative, regulatory, statistical, reference and periodical literature and the use of general scientific and special methods of research, such as the systems approach, formal logic, methods of comparative analysis, classification, graphical interpretation techniques, etc. Results. I analyzed trends in the scale of the informal economy and considered the integration of illegal business into the financial sector. I discovered what caused changes in the structure of higher-exposure transactions and cash withdrawal. The article also evaluates damage caused with cybercrime in the banking sector. I group basic elements of AML regulations, describe advantages of anti-legalization mechanisms and their adverse effect on the economy. The article provides my guidelines for the use of mechanisms countering the informal capital in Russia. Conclusions and Relevance. AML mechanisms should be used so as to prevent national security threats, without artificially hampering the development and advancement of the economy. The findings can underlies further research into anti-legalization activities as part of AML policy.

Strategic partnerships as a modern form of business integration in industry

The article considers the role of strategic partnerships in the practice of integration interactions of industrial enterprises in the modern economic environment. The authors highlight the distinctive features of strategic partnerships from other forms of business integration. The paper ascertains that for industrial enterprises, strategic partnerships based on the mechanism of subcontracting are most applicable. The study develops a model of strategic partnership based on subcontracting. The article gives practical examples of creating strategic partnerships. The paper analyses the level of development of strategic partnerships in industry, as well as studies the infrastructure that provides this process. The authors focus on the problems that hinder the activation of the processes of creating strategic partnerships based on subcontracting in the regions. Based on the results of the article, the authors offer recommendations aimed at the successful implementation of the creation of strategic business partnerships in industry.

Tomato Business Integration Conduct; Is It the Impact of Marketing Structure? (Tomato Marketing Study in Manggarai Regency, East Nusa Tenggara)

This study aimed to examine the demand for tomato SCP in Manggarai Regency. The participants were 82 farmers, 7 middlemen, and 16 retailers. The characteristics of the farmers were homogeneous in terms of having a limited area of approximately 0.1-0.5 hectares. A simple random sampling method was then used to determine the participants. Slovin’s formula was used to determine the farmer participants. The snowball sampling method was used to assess the sample of middlemen. Market structure data was analyzed by market share, and market concentration used CR4 estimates. Whereas, consumer conduct had been descriptively studied in relation to pricing strategies and business integration. Market performance estimation was made by measuring the margin and the farmer’s share. The results showed that the structure of the market for tomatoes in Manggarai Regency was oligopolistic and very concentrated. The CR4 values were as follows: middlemen (69.95 %), retailers (54.57%) and farmers (13.05 per cent). Meanwhile, the market structure affected the market conduct in which traders as price determinant and farmers as price takers. In addition, the middlemen established vertical business integration as an attempt to expand their business, dominate the market and increase their income. Oligopoly market structure and market conduct affected the tomato market in Manggarai Regency. The tomato market performance was inefficient as seen from a wide margin but having small farmer’s share. The margin values for channels I and II were Rp12.151,00 and Rp11.525,00 respectively. Whereas the farmer’s share was 36.46 percent and 39.74 percent respectively. Reflecting to the results, an accessible price information service is extremely needed for farmers to minimize asymmetry information. In addition, farmers need to maximize the role and work of farmers' groups as a joint marketing agency in order to increase their bargaining position.

Construction of Value Chain E-Commerce Model Based on Stationary Wavelet Domain Deep Residual Convolutional Neural Network

This paper mainly analyzes the current situation of e-commerce in domestic SMEs and points out that there are limited initial investment and difficulty in financing in China’s SMEs; e-commerce control is not scientific; e-commerce personnel of SMEs are not of high quality, in the case of improper setting of the e-commerce sector and shortage of talents, rigid management model, and outdated management concepts. By using the loss function and the value chain management theory of the deep learning in the stationary wavelet domain residual learning model, the e-commerce model of SMEs is newly constructed, and the e-commerce department as the core department of the enterprise is proposed. By training the optimal parameters of the deep residual network and comparing the results with other models, the method of this paper has a good effect against the sample. The original loss function based on the residual learning model deep learning is modified to solve the original model fuzzy problem, which improves the effect and has good robustness. Finally, based on the wavelet residual depth residual evaluation method, this paper evaluates the application effect of this model and proposes relevant suggestions for improving this model, including rationalizing and perfecting the external value chain coordination mechanism, establishing the e-commerce value chain sharing center, and promoting integration of e-commerce business, strengthening measures and recommendations in various aspects of e-commerce information construction. At last, taking the business activities of a company as an example, applying the theory described in this paper to specific practice proves the feasibility and practical value of the theory.

FLEXIBLE FORM OF EMPLOYMENT: PROSPECTS OF DEVELOPMENT

The need for the study is justified by the development of flexible forms of employment in the economy with new job opportunities for the international division of labor. The paper analyzed new job opportunities and risks associated with flexible form of employment for the workers, employers and the state individually as well as in relation to each other. The study investigated the future prospects of flexible forms of employment along with its impact on the economic opportunities for the enterprises and workers and conclusion has been drawn. The impact of flexible employment was also investigated on the welfare of the population and the development of national economies in the context of globalization. Three forms of flexible employment: temporal flexibility, spatial flexibility and functional flexibility have been identified to achieve the research goal.
 The prospects of flexible form of employment for the enterprise and employee were assessed based on the subjective approach. The rapid assessment and empirical analysis method were used to track the population dynamics and their interest in flexible forms of employment. The results show that the increase in the share of flexible employment in the economy is justified by the increased importance of creative labor in the labor market. Flexible workers represent a diverse population group in terms of the socio-economic structure. The active development of flexible forms of employment has been considered as a manifestation of the self-regulating economy and as a form of adaptation of the population to the changing socio-economic situation. The new agile business integration can reduce the costs of hiring a full-time employee and increases employees’ motivation level. The state needs to institutionalize new forms of employment in order to ensure the competitiveness of the national economy and to ensure budget revenues.

Scheme design of Smart Platform for the Agricultural Science and Technology Park

With the rapid development of the global IoT and various information technologies, the construction of “smart city” has been gradually put on the agenda, and at the same time, the smart management of the National Agricultural Science and Technology Park will also become the key content of smart city construction. This paper proposes a scheme design of smart platform for the agricultural science and technology park, and lists the basic contents of the construction of the smart park. The proposed scheme design of smart platform applies 5G, AI, cloud computing, Internet of Things, mobile Internet and other new ICT technologies to solve the long-term pain points faced by traditional agricultural science and technology parks, including poor service experience, weak comprehensive security, low operational efficiency, high management costs, difficult business innovation, and so on. Because of the construction of the smart park has many contents and a long construction period, this paper discusses the specific design options of smart platform for the agricultural science and technology park. It can provide users with better service perception and help enterprises achieve innovative development through digital transformation. Based on the proposed smart platform, the business subsystem of the agricultural science and technology park is opened horizontally, through data fusion to business integration, to help customers more efficiently and agilely solve business problems that are difficult or even impossible to solve with traditional technical means. The future development and the impact on the life of people.

Strategic orientations of agricultural enterprises in the context of sustainable development

The article describes the concept of sustainable development. Peculiarities of enterprise functioning in the context of sustainable development are outlined. It is substantiated that sustainable development requires the integration of economic, social and environmental goals of enterprises, as well as adaptation to system requirements. Strategic guidelines of agricultural enterprises in the context of sustainable development are proposed, covering key areas of socio-economic life of rural areas. Business people associate sustainable development primarily with economic growth and decent work. Natural resource or welfare goals are considered less important by many companies, so most companies do not try to integrate corporate governance, business strategies and reporting forms into sustainable development. However, globally, companies have realized that business sustainability is becoming a competitive advantage, with both investors and consumers demanding more responsibility. Despite a good awareness of this issue, progress in achieving the goals of sustainable development can be destabilized by the lack of specific objectives, evaluation methods and expanded business integration. On the one hand, the development of rural areas depends on the available resources, technologies, the existing institutional environment, as well as on the competitiveness of local goods and services. On the other hand, sustainable development requires the preservation of local economic, social and environmental assets for the future. A comprehensive approach is needed to address these trade-offs. The strategy of sustainable development of the enterprise is accompanied by a certain mechanism that triggers the irreversible process of its positive transformation. A well-designed sustainable development strategy, in addition to the obvious benefits to society and the environment, will help companies attract investors and customers and, in some cases, receive financial support.

Sharon Johnson: Master of Dialogue

I first had contact with Sharon Johnson when he was editor of the Journal of Biblical Integration in Business. He welcomed a submission from me, at the time an outsider to the Christian Business Faculty Association. Three years later, I studied business ethics under his leadership during my doctoral degree program at Anderson University.