Current Business Trends Research Articles

The Role of Business Analysts in Enhancing Customer Satisfaction through Advanced Business Systems

Business Systems Analysts (BSAs) play a pivotal role in today's digital-first business environment, particularly in sectors such as insurance, fraud detection, and e-commerce. This article examines the critical function of BSAs in leveraging advanced business systems to drive operational efficiency, risk mitigation, and customer satisfaction. With the global business intelligence market projected to reach $33.3 billion by 2025, the demand for skilled BSAs continues to grow. Their unique ability to bridge technical capabilities with business needs positions them as key enablers of digital transformation. Through case studies and industry data, this research illuminates how BSAs contribute to project success, cost reduction, and enhanced customer experiences. The article also explores emerging trends and technologies that are shaping the future of business systems analysis, highlighting the evolving nature of the BSA role in an increasingly data-driven business landscape. This revised abstract provides a more condensed overview of the article's content, touching on the key points without duplicating the detailed information presented in the introduction. It also emphasizes the forward-looking aspects of the study and its relevance to current business trends.

From pitfalls to best practices : Thriving in the dynamic landscape of workplace technology

Workplace technology investments hold significant potential for corporate real estate (CRE) and facilities management (FM), yet a considerable number of these endeavours have faltered. Drawing on case studies and business analysis, this paper elucidates the underlying factors contributing to such failures, including inadequate planning, deficient employee training, data security vulnerabilities and vendorrelated challenges. By distilling these lessons, we uncover recurring pitfalls and offer actionable strategies, emphasising the imperative of strategic clarity, robust change management, data security diligence and prudent vendor selection. Moreover, this paper provides current business strategy and trends, enabling executives to benchmark their initiatives effectively and navigate the dynamic landscape of workplace technology investments with foresight.

Analisis Strategi Bisnis UMKM Jambi “Wonderfulplan.Jasadekor” dengan Metode Business Model Canvas (BMC)

This research aims to answer the problem of how to describe the Business Model and Business Strategy Analysis of UMKM Jambi "Wonderfulplan.JasaDekor" using the Business Model Canvas (BMC) Method. This is thought to be an effort to avoid stagnant UMKM growth. The decoration services business sector was chosen as one of the current business trends, in addition to the coffee business trend which was previously discussed in previous research. Qualitative research, with a descriptive approach and case studies is used to answer problems. The policy design and strategic steps that can be provided to optimize the management performance of "Wonderfulplan.JasaDekor" are a combination of improving the performance of Key Partners (KP) and Customer Relationships (CR), which will create a new Value Proposition (VP) and optimize the Value Proposition (VP) previously, thus providing better Revenue Streams (RS) and being able to fulfill appropriate Cost Structures (CsS), as well as providing more optimal profit margins.

Convergence of business, innovation, and sustainability at the tipping point of the sustainable development goals

The United Nations Sustainable Development Goals (SDGs) offer a universal framework for addressing pressing global economic, environmental, and social challenges. Central to the SDG agenda is the vital role of business innovation in fostering positive change and promoting the triple bottom line of sustainability: people, planet, and prosperity. Many years have passed following the SDGs’ inception, yet the engagement of business innovation scholarship with the SDGs remains sparse. Moreover, a comprehensive review examining the convergence of business, innovation, and sustainability through the lens of the SDGs is notably absent, constraining insights into present advancements and prospective trajectories. In this regard, this study adopts the SDGs as a lens to investigate the contribution of business innovation to sustainable development challenges and its impact on the SDG agenda. To do so, this study conducts a systematic literature review, incorporating a bibliometric analysis of articles published in top-tier business journals, to offer an integrated overview of current trends in business, innovation, and sustainability research through the lens of the SDGs. In addition, this study performs a content analysis to consolidate and synthesize relevant research in this space, resulting in a multi-dimensional framework that illustrates the intricate, dynamic interplay between the drivers, dimensions, and impacts of business innovation on sustainability and their relationship with the SDGs. In doing so, this study accentuates extant gaps, delineates profound implications, and proposes meaningful directions to advance the understanding of the intersection between business, innovation, and sustainability in the context of the SDGs.

TRAINING EFFECTIVENESS: BUSINESS INTELLIGENCE INFLUENCING PRODUCTIVITY OF THE EMPLOYEES

Business intelligence (BI) ingests commercial data and presents it in scrutable ways, similar as reports, dashboards, maps, and graphs. The following distinct criteria were looked at: complexity, compatibility, relative advantage, information quality, and system quality. These characteristics may have an impact on users' intentions to embrace BI in their decision-making process. As a result, these variables could have an impact on decision-making abilities. The study's goal is to examine how business intelligence affects workers' productivity after receiving training. The survey is based only on the impression of employees. There were 120 respondents in the entire sample used for the study. The study employed a descriptive research methodology and convenience sampling procedures. Throughout the study, both primary and secondary data were employed. To arrive at the study's conclusion, correlation analysis, chi square analysis, and simple percentage analysis were all used. The perception of training provided by the firm and the respondents' ages was shown to be positively correlated. It is advised that the business check to see if the workers' quality of work life is improved by the training. It is determined that the business must regularly assess the effectiveness of its training and update it to reflect the situation at hand and current business trends.

Emosi Positif Dan Motivasi Hedonis Terhadap Pembelian Impulsif Pada Aplikasi Online Janji Jiwa (Studi Kasus Pada Mahasiswa Universitas Tridinanti Palembang)

Business growth in Indonesia is currently increasing rapidly. Various types of new businesses selling products have sprung up, especially businesses in the food and beverage sector. The current business trend among the public, especially millennials, is the growth of the domestic coffee shop industry, one of which is Kopi Janji Jiwa. This study discusses positive emotions and hedonic motivation toward impulsive purchases in the online application of Soul Promise. The research took a sample of 96 respondents. In analyzing this study using the SPSS application by testing the Validity Test, Reliability Test, Multiple Linear Regression Test, F Test, T-Test, Correlation Coefficient Test, and Coefficient of Determination Test. The results of the study found that positive emotions did not affect impulsive purchases in the online soul promise application.

Podpora uplatnenia absolventov technických vysokých škôl na trhu práce

The publication output describes dual education and other educational options, supporting skills that are an integral part of the preparation of university graduates for practice. Cooperation with industry and business partners is also important, through which students are confronted with current business trends, challenges and best practices. The paper points to future trends in the skills needed for individuals to successfully apply themselves in the labor market among competitors. The aim of the contribution is to provide, if possible, an overview of the basic development areas of education, which have been published by experts in important studies and surveys published so far and which can facilitate the entry of graduates into the labor market.

LCGC Employment and Salary Survey 2022: Exploring the Current Mood

This year’s LCGC North America salary and employment survey examines the current business landscape of the separation science field through the lens of workers. We analyze topics such as salaries, benefits, employment conditions, and the overall economic health of the separations field. By analyzing the data, we also can get an indication as to whether current business trends are having a sizable impact in the separation science field.

A novel approach to conducting business research after COVID-19: incorporating crisis elements in the study frameworks

PurposeTo understand how to deal with high effect situations, like that associated with COVID-19, in the future, many economists, academics and business leaders are drawing parallels between the 2008 financial crisis and the current pandemic. This study aims to explore how crisis elements can be considered while strategizing for business research despite the minimal possibility of an emergency occurring. Also, research in crisis management is fragmented, resulting in isolated components guiding businesses through crises. This research emphasizes the relative scarcity of a comprehensive crisis management framework.Design/methodology/approachCOVID-19 has been the biggest crisis the world has ever confronted, and businesses require an innovative strategy to address it. Towards keeping the data set involved in this study targeted and manageable, articles are selected from peer-reviewed journals based on a purposive sampling method. In addition, the research used reports from consulting firms and government and nongovernment organizations to understand current trends in business research.FindingsThe findings revealed that for a firm to survive a crisis, it must ensure its plans are aligned with the trends that would allow it to grow during the crisis. Rather than entirely changing the track, strategies should be guided by the company's existing resource availability and capabilities. The techniques used must ensure the company's profitability or limit losses, thus ensuring long-term viability. Real-life examples from the current pandemic have shown how firms who recognized crisis characteristics could survive the pandemic and profited multiple times.Originality/valueIt presents an integrated, sector-agnostic crisis management framework based on literature, business managers' insights and lessons from the current pandemic. Precrisis, crisis arrival, crisis management and crisis experience are the four phases of the framework. The study proposes future research directions to scholars in applying the framework and its enhancement concerning the upcoming crisis possibilities.

Current Trends in Business and Management: A Review

To survive in the current unstable economic environment, every organization that operates needs to be able to adapt. The pace of change has accelerated substantially in recent years, and businesses and organizations now deal with change on a daily basis. Organizations must adapt to shifting environmental conditions and ongoing change in the complex and competitive global business environment of today to stay competitive and profitable. There is fierce competition today. The market has evolved, there are more competitors, and new firms have entered. Additionally, Slovak enterprises must pay close attention to market changes and respond to both domestic and foreign market demands .Our time is one that is genuinely innovative. Without technical advancements, life would not be the same as it is today. The world market is undergoing rapid change. In order to improve their revenue, more and more businesses are currently going internationally. Today's global business trends center on utilizing cutting-edge technology, studying consumer behavior. This article describes the current state of the global business management area and discusses the newest business theories and the technology used to successfully execute them.

Pedagogy of transformation of a random variable, censoring, and truncation of data

AbstractThe author has been incorporating data analytics into the probability course for students pursuing baccalaureate programs in engineering through weekly assignments and end‐of‐the‐term projects. Data analytics makes the probability course much more relevant to the current trends in business, industry, and medicine that rely on data. The discussion related to the coronavirus pandemic about missing and incomplete data, the inability to pinpoint the exact start of the disease, and so forth offered an opportunity to expand activities in data analytics by examining “truncation” and “censoring” of data. In simple terms, truncation implies the exclusion of data (either not collected or ignored) in a certain range. Censoring implies redefining the data in a certain range while keeping the rest of the original data. A demo was created to explore the association of the transformation of random variables (mixed and conditional) to censoring and truncation. The demo utilized the theory of random variables, simulation, and computational techniques to examine and establish the link between the mixed transformation of variables and censoring. A similar link of conditional transformation of variables to truncation was also seen. The demo was used as the basis for a weekly assignment to the students. The analysis and results suggest that it is possible to expand the scope of the course in engineering probability to provide training in contemporary topics in data analytics.

Global Challenges for Business and Entrepreneurship: Case of Oman

Globalization has created various challenges among businesses and entrepreneurs. For many years, businesses have been facing challenges, such as increased competition, financial issues, and other operational challenges. Accordingly, businesses and entrepreneurs must adopt new strategies to address these emerging global challenges to remain competitive in the industry where they belong. Hence, it is also essential for entrepreneurs to employ strategic decision-making to achieve success within a business environment that is facing multiple global challenges. The goal of this study is to explore the current global challenges being faced by businesses and entrepreneurs, especially in the case of Oman. Some of the identified challenges for businesses and entrepreneurship includes keeping up with the current trends in business, global market competition, economic issues, information and communication technology (ICT) challenges, the current global health crisis, and other business-related issues. The variations of the global challenges must be understood properly by businesses and entrepreneurs to ensure business competitiveness, despite the risk of unwanted business outcomes brought by these challenges. With the emergence of these challenges, business owners or entrepreneurs will also have the chance to develop their strategic decision-making and even develop new strategies that will help the business survive.

Recent Significant Insights and Paradigm Shift in Accounting Trends in the Modern World

In today's business world, accounting and accounting professionals are essential. Every business must keep accurate books of accounts in order to know how profitable and effective it is and to ensure its survival in the competitive market of today. Because accounting control is the most crucial component of any organization, the role of an accountant is expanding today. This review illustrates the current accounting trends in contemporary business and the challenges faced by accounting professionals. For this reason, every person who runs a business needs to read this review that focuses on a survey on maintaining accounting records. Accountancy must conduct research on various accounting standards due to internal and external factors. No matter the state of the economy, the growth factor is exponential because books will improve the client's ability to survive. The level of organization competition in the current market has an impact on the role of the accountant. The role of accounting professionals affects not only internal factors, such as business operation, budgetary control, fund management, cash management, and cost management, but also external factors, such as government policies, risk in achieving sales targets among similar organizations, compliance with records with the tax authority, nature of the market, and economic conditions in a specific area, among others. With the advancement of computer and Internet technology, the network has benefited businesses while posing new challenges for the expansion of the accounting sector. Accurate and quick transmission of financial data is made possible by the combination of conventional financial accounting techniques and computerized information technology. The use of network technology also streamlines the financial accounting procedures of businesses, greatly increases the effectiveness of accounting work, and frees up accountants to focus more time and effort on the analysis of business financial data. However, the change in financial accounting brought about by the use of Internet technology has also led to new issues. The findings are based on data from studies, polls, and publications from reputable international and professional accounting organizations.

СУЧАСНИЙ СТАН РОЗВИТКУ ПІДПРИЄМСТВ У СФЕРІ ГОСТИННОСТІ

The foundations of the development of hospitality enterprises, which are an important driver of the development of the modern national economy of Ukraine, are considered. Hospitality enterprises, as an element of the structure of tourism, are one of the constituent sources of income to the budget, and also form the image of the country, serving foreign tourists. Correct management of the hospitality sector increases its profitability, which positively affects the efficiency of development without a developed hotel base. Entrepreneurial activity in the field of hospitality provides a significant contribution to the economy of the state, creates additional jobs and creates the image of the state. Today, the market of the hospitality industry is represented by many means and forms of accommodation that can satisfy customers' various needs and opportunities: hotels, international chains, motels, departmental hotels, boarding houses, sanatoriums, club rooms, boutique hotels, beach hotels, guest houses, mini- hotels, hostels, tourist camps, boats, flotillas, bungalows, campsites, tourist bases, private houses and cottages and much more. The main indicators of the activity of accommodation facilities in Ukraine for the period 2018–2020 indicate an increase in indicators during 2019, compared to 2018, but due to the pandemic, these indicators decreased significantly in 2020. Due to wartime, information for 2021 is not available on the website of the Main Statistics Office of Ukraine, so it is not included in the information tables. The main goal of the hospitality industry is profit, which is directly dependent on the quantity and quality of services provided. Every enterprise in the hospitality industry strives to increase the volume of its services and is faced with a barrier – the presence of fierce competition on the market. The real success of hotels always requires new, completely unique ideas. Competition is the highest stimulating factor for the discovery of fresh innovative ideas. Unconditional in this case is the following principle of successful business: what was invented today is no longer relevant today. The field of hospitality in Ukraine acquaints tourists with the historical and cultural heritage of the peoples who lived in the territory of the country, which in turn positively affects the establishment of mutual understanding between Ukraine and other countries in the world, which serves as a means of international relations. Rapid changes in the hospitality industry require new impulses to strengthen their positions in the competition, because the use of only reserves lying on the surface is not a guarantee of stable income, operation and development of the business. The hotel enterprise's analysis, research and use of current global business trends affects the improvement of service quality, competitiveness, image and reputation of hospitality enterprises, makes it attractive and unique for customers.

Analysis of Trademark Information for Use of Business Intelligence: Based on Goods and Services Information

In the era of the 4th industrial revolution, there is a growing interest in deriving management insights through the use of data such as big data and business intelligence. In addition, as the importance of intellectual property increases, interest in intellectual property information is increasing. In particular, cases and related studies using patent information as a material for business intelligence are increasing, but the use of trademark data is relatively poor. Among the trademark data, goods and services information represents a business activity area of a company. This study uses this to check the business activity status of a company to find out whether the trademark data can be used as a material for business intelligence. About 200,000 trademark applications are filed every year, and about 3.6 million trademark data are currently accumulated. By collecting the trademark data accumulated in the Korea Intellectual Property Office (KIPO) and checking the business activities of the company through Goods and Services information among them, we analyzed whether the trademark data can be used as a material for business intelligence. In particular, as of 2016, when the 4th Industrial Revolution was introduced, the trademark data for 3 years before 2016 and 3 years after 2016 were compared and analyzed. First, I checked if there was a change in the number of trademark applications. Second, through frequency analysis through Excel, changes in business areas and new establishments were analyzed through the increase or decrease of similar group codes that classified the same and similar products, and then visualized through Power Bi. Third, it was verified whether there is a relationship between the newly designated similar group code and corporate activities through internet news and market information. As a result of the analysis, first, it was found that all trademark applications of the target companies increased. The increase in the number of trademark applications means an increase in the Goods and Services that a company actually sells in the business community. Second, as a result of analyzing product changes in the three years before 2016 and three years after 2016, all similar group codes of target companies increased, and the increase in products related to the 4th Industrial Revolution was also remarkable. Finally, as a result of the analysis of the newly designated similar group code, it was found to be in line with the future business strategy of the target company learned through news or market information. As a result of the analysis, it was confirmed that trademark data can be used as a material for business intelligence as big data. Trademark data can be applied not only as products currently in business, but also as products to be used in the future, so it is expected that current and future business trends can be identified and reflected in management strategies.

Application of artificial intelligence in toxicopathology

Traditionally, pathologists examine tissue slides under a microscope to find pathological lesions, and have the burden of finding the lesions among so many histopathology slides. Furthermore, inconsistency of diagnoses results differ corresponding to training among researchers. Therefore, accumulated research experience has led to the use of novel tools for increasing accuracy and consistency of diagnoses. With rapid transition from analog to digital methods and new developments in digital pathology, it is possible to use whole slide imaging (WSI) by scanning glass slides. Artificial intelligence (AI), including machine learning and deep learning using WSI, is starting to be applied to automatically classify and count microscope images, and this method has been expanded to include the field of medical image analysis. This review aims to define current trends toward AI application in the biomedical area, especially in the field of toxicopathology, outline current future business trends, and discuss multiple issues of diagnosis, quantification, three-dimensional reconstruction, molecular pathological research, and the future direction of AI in toxicopathology. Big data systems including a large amount of well-defined toxicopathological information will be highly useful for accuracy and corrections of diagnoses. In addition, the need for critical peer review is profound in the continuing educational process. Taken together, it is highly promising that AI model based on big data in the toxicopathological field could classify, detect, and segment pathological lesions in numerous organs of experimental animals and could help explain various biological mechanisms. This promising approach will provide an accurate and fast analysis of tissue structure and biological pathways using AI algorithms and big data.

Application of artificial intelligence in toxicopathology

Traditionally, pathologists examine tissue slides under a microscope to find pathological lesions, and have the burden of finding the lesions among so many histopathology slides. Furthermore, inconsistency of diagnoses results differ corresponding to training among researchers. Therefore, accumulated research experience has led to the use of novel tools for increasing accuracy and consistency of diagnoses. With rapid transition from analog to digital methods and new developments in digital pathology, it is possible to use whole slide imaging (WSI) by scanning glass slides. Artificial intelligence (AI), including machine learning and deep learning using WSI, is starting to be applied to automatically classify and count microscope images, and this method has been expanded to include the field of medical image analysis. This review aims to define current trends toward AI application in the biomedical area, especially in the field of toxicopathology, outline current future business trends, and discuss multiple issues of diagnosis, quantification, three-dimensional reconstruction, molecular pathological research, and the future direction of AI in toxicopathology. Big data systems including a large amount of welldefined toxicopathological information will be highly useful for accuracy and corrections of diagnoses. In addition, the need for critical peer review is profound in the continuing educational process. Taken together, it is highly promising that AI model based on big data in the toxicopathological field could classify, detect, and segment pathological lesions in numerous organs of experimental animals and could help explain various biological mechanisms. This promising approach will provide an accurate and fast analysis of tissue structure and biological pathways using AI algorithms and big data.

ДЕТЕРМІНАНТИ ЗМІН ТА РОЗВИТКУ В УПРАВЛІННІ БІЗНЕС-ПРОЦЕСАМИ В ЕЛЕКТРОННІЙ КОМЕРЦІЇ

Dynamic changes in the world economy, technologies, needs and expectations of consumers force modern enterprises to constantly improve the ways of organization and tools of business process management in the field of e-commerce. It is important for the improvement of the theory, methodology, and practice of management to identify the main trends in the transformation of e-commerce management tools, problems and prospects for their use, and the characteristics of business processes in this area. At the same time, the analysis of the existing scientific heritage revealed insufficient coverage of the business process management specification in e-commerce under the influence of current trends in economic, technological, and social development as a whole. With this in mind, an attempt has been made to identify the basic characteristics and define the main trends in the transformation of business process management in e-commerce within the context of current business trends. The study reveals that influenced by certain trends, constraints, and new opportunities, modern businesses are increasingly turning their attention to the potential of e-commerce as a highly profitable and dynamic area. As a result, the improvement of business process management in this area is in demand and should become a way for modern companies to build and maintain a competitive advantage at the organizational and management level. The analyzed business trends influence the functioning of economic e-commerce entities, along with the specific characteristics of the current period of e-commerce development highlighted by the author. They allow us to present the relationship between the dynamics and specifics of the development in the past, present, and its potential in the future. These characteristics were considered when shaping directions for change of business process management in e-commerce due to the influence of current business trends. The article identifies the following determinants of change and development in e-commerce business processes: improving relationships with suppliers based on business process automation; systematically increase the effectiveness of interaction with customers; dissemination of integration of artificial intelligence; improvement of procedures for monitoring and analysis.

THE ONLINE MARKETING COMPLEX IN TOURISM

The article discusses the online marketing complex of tourism and socioeconomics of the online-tourist industry. The analytical data will enable to understand the current business trends in the competitive market today. The key objective of this research is to examine the eTourism developments around the world and in Greece as a country that is gradually embracing eCommerce. The prospect of the online-tourism is presented on the example of Greece tourism website InThessaloniki.com. The research reveals the features of tourism business and discusses important milestones in its development. Although it is rapidly becoming a growing topic of research, the information on the websites seems to be the only rescue for the researchers. At the same time, it forewarns and forearms the marketers of tomorrow about its importance as future mode of acquiring information and purchase of tourism products and services. The analyse of the socioeconomics of the online-tourist industry will enable to understand the current business trends that are more competitive in the market than the exists today. It will provide an opportunity to attract new business customers and receive additional profit. The author assumes that the analyses of the online- tourism market technologies have been instrumental in increasing the domain of awareness and accessibility while reducing the uncertainty with respect to communication gaps. With future high projections in all the spheres of tourism, it’s not gainsaying that technology can help us manage tourism operations better through ensuring high efficiency in working with clients, increase their loyalty and the sales rates of the company. The author analyse the socioeconomics, entrepreneurial activity, internal and external environment of the tourist industry.

Impact of the changing business environment on performance measurement and management practices

While there is abundant literature in the field of performance measurement systems and performance management practices (PMM), there is little research into how the current highly volatile, uncertain and ambiguous operating environment are affecting the way organisations measure and manage performance. The literature suggests that business trends are indeed affecting the way organisations are managed in general, but their effect on PMM is rarely investigated. Thus, the purpose of this paper is to explore how current business trends are impacting PMM. A literature review reveals five business trends and develops an analytical framework based on organisational control theory. This framework is then used to explore the impact of these business trends through fine-grained case studies across four diverse organisations. Findings suggest that emerging technologies enable collaborative networks creating opportunities for co-creating value while, at the same time, fostering innovation. The findings are theorised using organisational control dimensions that lead to a number of propositions concerning: how the use and purpose of PMM is changing; how strategic objectives are expressed and deployed with particular differences in strategic and turbulent environments; changes in the focus and scope of how performance is measured and reviewed. The paper contributes to existing knowledge by explaining the changing nature of PMM from an organisational control perspective and also by presenting a framework to inform future studies investigating the impact of new business trends on PMM. The paper also reveals practical insights for improving performance measurement systems and performance management practices in organisations.