Business Efficiency Research Articles

End-to-End Modeling and Long Short-Term Memory Application in Time Series Modeling

With the vigorous development of e-commerce, accurately modeling and predicting user behavior has become a key factor in improving business efficiency. Precisely understanding user behavior not only enables companies to provide personalized services but also allows them to stand out in the intense market competition. This study aims to explore the effectiveness of applying end-to-end models, Long Short-Term Memory (LSTM), and attention mechanisms in time series modeling to enhance the performance of modeling and predicting user behavior in e-commerce. In the methodology section, we first introduce the basic principles of the end-to-end model, which extracts features directly from raw data for prediction, avoiding the need for intricate feature engineering. Simultaneously, we introduce Long Short-Term Memory (LSTM) to better capture long-term dependencies in time series data.

The Impact of Cloud Computing, Quantum Computing, and Blockchain on Data Security and Business Efficiency

This study explores the impact of cloud computing, quantum computing, and blockchain on data security and business efficiency. The primary objective is to qualitatively analyze the literature to understand how these emerging technologies contribute to enhancing security measures and operational efficiency within businesses. The research employs a qualitative literature review methodology, synthesizing findings from academic articles, industry reports, case studies, and empirical studies to provide a comprehensive overview of current knowledge in this field. The literature review methodology involves systematically collecting and analyzing scholarly sources that discuss various aspects of cloud computing, quantum computing, and blockchain. The study categorizes the literature into key themes, such as the benefits of cloud computing in providing scalable and flexible data storage solutions, the potential of quantum computing to revolutionize encryption and problem-solving capabilities, and the role of blockchain in ensuring transparency and immutability of data transactions. Thematic analysis is used to identify patterns and trends in how these technologies influence data security and business efficiency. The findings indicate that cloud computing enhances business efficiency by enabling seamless data access, reducing IT costs, and improving collaboration. Quantum computing holds promise for significantly advancing data security through quantum encryption, which offers higher levels of security compared to classical encryption methods. Blockchain technology ensures data integrity and transparency, reducing the risk of fraud and enhancing trust in digital transactions.

Financial Technology Innovation and Business Growth of Small and Medium-Scale Enterprises in Port Harcourt, Rivers State, Nigeria

This study empirically examined the relationship between financial technology (FinTech - proxied by Internet Banking and Mobile Payment) innovation and business growth (proxied by productivity and operational efficiency) of Small and Medium-Scale Enterprises (SMEs) in Port Harcourt. The study was underpinned by the theory of Technology Acceptance Model (TAM) and the Diffusion of Innovation Theory (DIT). The study adopted a cross-sectional research design and the population was the 1016 registered SMEs in Port Harcourt with a sample size of 287. Spearman’s Rank Correlation and Partial Correlation were used to test the five hypotheses that guided the study. The findings showed a positive and significant relationship exists between financial technology innovation and business growth. Based on these findings, the research concluded that financial technology innovation is a business solution and a formidable management strategy that SMEs can deploy to improve their business growth. It recommends therefore that SMEs who want to improve their business growth should invest more in FinTech innovations such as Internet banking and mobile payment, as these digital solutions have a significant impact in improving productivity and operational efficiency (business growth).

Research the Impact of Online Marketing on Customers Perceived Value of Vietnamese Joint Stock Commercial Banks

Research the impact of online marketing on customer perceived value at Joint Stock Commercial Banks (JSCBs) is a significant and highly applicable topic in marketing and management business. The analysis and conclusions from this study can provide valuable information about how online marketing influences customer perceptions and the value they place on their banking experience. This will help businesses better understand how to interact with customers, optimize their marketing strategies, and improve customer relationships to increase business efficiency. The authors have proposed a theoretical model and scale based on a comprehensive study of published documents. Through qualitative research and in-depth interviews with experts, an official research model and scale have been formed, including six variables (five independent variables and one dependent variable) with 33 observed variables. Conducting quantitative research with a sample size of N = 355, the model has been determined to suggest five independent variables with 28 observed variables and one dependent variable with 5 observed variables (through Cronbach's Alpha and EFA coefficients), and the model adjusted model with five independent variables with 27 observations and one dependent variable with 05 observed variables. The study has determined the impact of online marketing on customer perceived value at Vietnamese joint stock commercial banks, arranged in descending order of influence: ((1) Online Communication; (2) Online Customer Service; (3) Online Offer; (4) Online retail Pricing, and (5) Online Distribution.

Business Development Strategy Analysis Using the Business Model Canvas Approach at Genong Farm Madiun

This research aims to analyze and recommend business development strategies for Genong Farm Madiun using the Business Model Canvas approach. The method used is descriptive qualitative, with data collection through observation, interviews, documentation, and triangulation. Data is analyzed using the Miles and Huberman model, which includes data collection, data reduction, data presentation, and verification. The research results identify that the business model of Genong Farm Madiun encompasses nine elements of the Business Model Canvas: Customer Segments, Value Propositions, Channels, Customer Relationships, Revenue Streams, Key Resources, Key Activities, Key Partnerships, and Cost Structure. Based on this analysis, strategic recommendations are provided for each element to enhance business operational effectiveness and efficiency. This research provides valuable insights into how Genong Farm Madiun can optimize its business model to achieve sustainable growth and increase market competitiveness. The recommendations given are expected to assist Genong Farm Madiun in designing better and more innovative business strategies.

Relationship between civil construction companies and suppliers: comparative analysis with companies in other sectors

Strategic supplier management establishes criteria for the selection, evaluation, and development of suppliers, in addition to the administration of contracts and supplies. This type of management aims to organize all processes involving suppliers, defining criteria to support decision-making in selecting the best partners, considering those who meet pre-established requirements. Furthermore, efficient management provides closer proximity to suppliers, facilitating relationships, fostering collaborative innovation, improving product costs, and increasing the company's competitiveness. The objective of this work is to analyze the relationship of suppliers in the construction industry and compare it with companies from other sectors. To achieve this objective, an applied, quantitative, and exploratory research was developed through field research. Questionnaires were applied to employees of construction companies and companies from other sectors, such as service providers and large industrial sectors, addressing issues related to organizational characteristics and specific axes that determine the relationship, such as trust, long-term relationship, and information sharing between client and supplier. The collected data were subjected to descriptive and exploratory analyses to observe the divergent and similar characteristics between the two groups. The results indicate that construction companies have gaps in the axes of trust, information sharing, and especially in the sphere of long-term relationships compared to companies in other sectors. This indicates the need for improvements in supplier management practices in the construction industry to achieve a competitive performance more aligned with other industrial sectors. The implementation of more robust strategies and the adoption of better practices in supplier management can help overcome these gaps, resulting in a more efficient and collaborative business environment, with mutual benefits for construction companies and their suppliers.

Analysis of Software Tools for Automation of Configuration and Management Functions in It Infrastructures

The work by the authors, using a systematic approach, analyzes a group of software tools that are functionally oriented towards the automated implementation of configuration and management processes in IT infrastructures. The research profile focuses on a methodology known in the professional environment as “Infrastructure as Code” (IaC) and is one of the foundational methodologies implemented in a systemic combination within the DevOps methodology. This methodology is actively used in processes of dynamic formation, deployment, and maintenance of corporate IT infrastructures in many modern successful high-tech companies to achieve the best business performance, efficiency, guaranteed success, and security. The article discusses two basic approaches to building software tools that implement the IaC methodology, namely the declarative and imperative approaches. The main emphasis is placed on the formation of a set of advantages and disadvantages inherent in software tools such as Terraform, ARM, Ansible, and CloudFormation. The focus of researchers on these four software tools is explained by their leading positions in a fairly extensive lineup of possible alternative software products that allow for a comprehensive implementation of the IaC methodology in the context of full and functional systemic deployment of the DevOps methodology in specific implementations of corporate IT infrastructures. The authors' generalized conclusion of original scientific research is that there is currently no single clearly distinguished universal software tool among others that fully satisfies the entire spectrum of requirements and needs. Potential users in this context are communities of DevOps professionals and clients – owners and managers of modern dynamic high- tech and successful companies, firms, and businesses that rely on modern information systems and technologies.

Developing Human Resources in the Era of Digital Transformation in Vietnam: Current Status and Solutions

Digital transformation is becoming an inevitable and powerful trend across all sectors of socio-economic life, contributing to the enhancement of business efficiency, government management, and the quality of life for the public. High-quality human resources with digital skills and adaptability to new technologies are crucial to the success of digital transformation. However, Vietnam is currently facing numerous challenges in developing IT human resources. This paper examines the current state of human resources in Vietnam’s digital transformation, discusses the solutions that have been and are being implemented, and proposes specific steps to develop high-quality human resources. The policies and training programs from the government, enterprises, and educational institutions are analyzed and evaluated. Finally, the paper provides recommendations on policies and long-term strategies to improve the quality and quantity of IT human resources, ensuring that Vietnam can seize opportunities from the Fourth Industrial Revolution.

The use of digital technologies for crisis management

Aim. To identify the role of digital technologies in the context of crisis management and the opportunities that digital tools provide for the development and growth of companies, even in the face of economic turmoil. To pay special attention to the study of effective practices of optimization and modernization of business processes using the latest digital tools, which con[1]tribute not only to increasing productivity and efficiency of business, but also its adaptation to rapidly changing market conditions.Objectives. To analyze the role of digital technologies in the context of crisis management, highlighting the opportunities that digital tools offer for the development and growth of companies, even in conditions of economic turmoil; to study the advantages of applying new business models using modern digital technologies; to consider the principle of operation of platform business models using examples and show the advantages of their use; to evaluate the financial performance of companies.Methods. The author applied the methods of complex and comparative analysis, as well as the study of foreign and domestic experience of digital transformation in crisis conditions. Considerable attention was paid to the work with periodicals, scientific articles and analytical reports in the field of crisis management and digitalization. In addition, methods of observation, generalization and comparison were used.Results. The study suggests that digital technologies contribute to improving the transparency and efficiency of business processes in crisis conditions. The main factors of successful digital transformation of organizations were identified and recommendations for their use were developed.Conclusions. According to the author’s position, the necessity of active use of innovative technologies in crisis management, as well as the importance of a strategic approach to digital transformation in a rapidly changing environment are obvious. The key element of successful crisis management is the active integration of digital technologies into business processes and the use of a strategic approach to digital transformation. Cultural and organizational aspects that ensure sufficient funding and management support are recognized as important factors. The use of online platforms allows organizations to effectively form a digital ecosystem, increasing competitiveness, which ultimately contributes to the successful achievement of business goals in a rapidly changing digital environment. The application of the proposed recommendations on the use of innovative technologies will help organizations not only to cope with the current crises, but will also contribute to their sustainable development and stabilization.

Analysis of the Role of Bank Indonesia's Leading Entrepreneurship Initiative (WUBI) in Increasing Competitiveness in the Digital Era, Case Study of MSMEs Representatives of Bank Indonesia North Sumatra

Bank Indonesia has a program called Wirausaha Binaan Unggulan Bank Indonesia (WUBI) which focuses on improving the competitiveness of MSMEs in the digital era. This research analyzes the role of WUBI in improving the competitiveness of MSMEs with a case study of MSMEs assisted by Bank Indonesia Representative of North Sumatra. Qualitative research methods were used with primary data obtained through in-depth interviews with fostered MSMEs. The results showed that WUBI plays an important role in improving the competitiveness of MSMEs in the digital era through: (1) capacity building through training and mentoring, (2) business and marketing network development, and (3) utilization of digital technology for business efficiency and effectiveness. In conclusion, the WUBI Program has a positive impact on MSME competitiveness, increasing sales, profitability, and market access. The program also helps MSMEs improve their financial management, digital marketing, and product development skills.

Evaluating Business Efficiency: The Role of Digital Transfor-mation in Modern Enterprises

Digital transformation, renowned for its capacity to stimulate economic expansion and enhance business landscapes, requires a supportive ecosystem comprising universal digital infrastructure, skilled workforce, appropriate legal frameworks, adequate investment, effective governance, educational initiatives, robust security measures, and other conducive environments. This transformation presents governments with strategic opportunities to shape various economic sectors, encompassing finance, retail, healthcare, agriculture, manufacturing, education, tourism, media, and culture. Existing literature extensively investi-gates digital transformation in academic and practical spheres, yet a consensus on its fundamental principles remains elusive. This study contributes by summarizing the effects of digital technologies on business and management, stressing the need to broaden existing business domains and explore novel areas. Advocating for pro-social objectives, sustainable business mod-els, and widespread adoption of artificial intelligence (AI) are suggested strategies for navigating digital transformation. Fur-thermore, the research scrutinizes the concept of digital disruption, focusing on how emerging digital technologies and inno-vative business models reshape established value propositions. Business process management (BPM) is examined for its role in facilitating these changes, despite historical challenges in terminology and methodological coherence. The study un-derscores the importance of a structured approach to change management, advocating for flexibility and real-time decision-making to address complex business activities. Additionally, the research evaluates the performance of multiple companies using key performance indicators such as customer satisfaction, operational efficiency, employee productivity, and IT infra-structure cost reduction. Employing the Weighted Sum Method (WSM) to rank these companies, the study offers insights in-to their relative performance. These findings aim to guide stakeholders in strategic decision-making by providing a holistic assessment of company performance across various dimensions, identifying areas for potential enhancement, and deepening understanding of digital transformation's ramifications.

SME owners’ roles for mutual reinforcement of innovation and entrepreneurship in dealing with digital technologies: case studies of selected Indonesian SMEs

ABSTRACT This article explores the relationships among innovation, entrepreneurship, and digital technology, specifically how the management of small and medium enterprises (SMEs) utilise innovation and entrepreneurship to deal with digital technologies and/or how the management leverages digital technologies for innovation and entrepreneurship. A qualitative research approach using a case study was employed to examine the phenomena, focusing on deep observations. The research found that SME owners play crucial roles in three areas: (i) demonstrating entrepreneurial ability through knowledge, experience, talent, and innovation; (ii) performing strategic functions by leveraging external sources of innovation, with the help of digital technology; and iii. acting as digitally minded entrepreneurs to enhance manufacturing processes and establish new marketing channels. The mutual reinforcement of innovation and entrepreneurship in dealing with digital technology, is influenced by both user and demand-driven innovation, knowledge and technology-driven innovation, experiential knowledge-driven innovation, articulation of innovation outcomes, digital network-based marketing, and technical guidance on digital transactions in e-commerce and e-business. This research confirmed that there is a mutual reinforcement between the innovation and entrepreneurship of SMEs in adopting digital technology. New insight for digitally minded entrepreneurs is the use of digital technology to boost business efficiency toward global enterprises’ competitiveness and sustainability.

Optimizing Company Performance Through Effective Logistics Management

In the contemporary business environment, effective supply chain and logistics management are pivotal for minimizing costs, enhancing competitiveness, and optimizing operational efficiency. This study investigates the effects of key logistics practices—transportation, warehousing, packaging, inventory, and information management—on organizational performance. Leveraging a ‘Supply Chain Optimization’ dataset from Kaggle, the research analyzes how cost reductions across these logistics activities influence overall expenses and performance metrics. By categorizing Supply Chain Management (SCM) performance metrics into strategic, tactical, and operational levels, the study reveals how decisions at each level, from location strategy to daily inventory management, interact to impact overall effectiveness. The findings emphasize the critical role of optimizing logistics functions to boost business efficiency, customer satisfaction, and competitive advantage. The study provides actionable insights for logistics managers aiming to enhance performance through improved management practices in various Industries and organizations.

Evaluation of Productivity and Financial Feasibility of Broiler Chicken Farming Business Models: Cage and Postal Systems

The growth of the human population and increased purchasing power drive greater demand for broiler meat, posing challenges for farmers to enhance their productivity and business efficiency. The development of closed-house cages offers a solution to improve production efficiency. This study compares the productivity and financial analysis between the cage and postal models. Utilizing a quantitative descriptive method, the research was conducted over a single rearing period in cages and postal setups at PT Dinamika Megatama Citra (DMC) without any specific treatment. Research parameters encompassed body weight gain, mortality, FCR, harvest weight, and Performance Index. Financial analysis was conducted using indicators such as the R/C ratio, B/C ratio, Break-Even Point (BEP), and Return on Investment (ROI). Results indicate that in cage conditions, mortality stood at 4.07%, FCR at 1.718, average weight at 2.2 kg, and Performance Index at 287.5. Meanwhile, postal cages exhibited higher mortality at 8.79%, FCR at 1.732, average weight at 2.3 kg, and Performance Index at 285.6. In financial analysis, cage systems had a BEP price of Rp 19,726/kg with a unit BEP of 40,616 kg, an R/C ratio of 1.039, a B/C ratio of 0.039, and an ROI of 3.92%. Conversely, postal cages had a BEP price of Rp 19,507/kg with a unit BEP of 39,924 kg, an R/C ratio of 1.05, a B/C ratio of 0.05, and an ROI of 5.09%.

Sztuczna inteligencja w naukowym i technologicznym paradygmacie gospodarki światowej

The article examines the impact of artificial intelligence (AI) technologies on global sustainable development. Artificial intelligence affects all three pillars of sustainable development: economic, social, and environmental. Based on the generalization of academic works and authoritative expert assessments, it is shown that this impact is ambiguous. By increasing technological capabilities and enhancing the efficiency of business, public administration, and the provision of administrative and social services, AI creates a number of socio-economic problems, primarily in the labor market, when hundreds of professions are discredited and may disappear. It has been confirmed that almost all sectors of the economy, including education and medicine, are subject to the large-scale impact of AI. AI is able to optimize the use of resources and increase energy efficiency, reducing waste, thus affecting the environmental pillar of sustainable development. The purpose of the article is a systematic study of the intellectual and technological landscape of the global economy with a cross-country analysis of its key indicators using the Kohonen algorithm. The author has positioned artificial intelligence in the technological paradigm of the twenty-first century. If scientific progress in materials science, energy, and mathematical computing led to the digital transformation with the emergence of Industry 4.0, then in synergy with bio- and quantum technologies, AI will form Industry 5.0, i.e., essentially a smart economy, through a technological explosion. To recreate the current global intellectual and technological landscape, the study used the Kohonen algorithm with the Deductor Studio package to analyze 128 countries by 5 indicators. The modeling allowed us to group them into 5 clusters, which makes a real comparative analysis possible. Similar modeling with the implementation of the AI indicator (number of robots per 10,000 population) for 18 countries allowed them to be grouped into 3 clusters according to the level of readiness of governments and society to interact with AI.

Nghiên cứu ảnh hưởng của chỉ số ứng dụng công nghệ thông tin nội bộ đến hiệu quả kinh doanh của các ngân hàng thương mại Việt Nam

Technology has become essential in every industry, including banking. It can optimize work processes and improve customer service. However, the question remains: does it help banks improve business efficiency? This article conducted a panel data regression analysis of commercial banks listed on the Vietnamese stock exchange from 2014 to 2023 to investigate the correlation between internal information technology applications and banks' financial performance. The research results revealed that the internal information technology application (ICTcore), which includes implementing core banking, deploying basic applications, and implementing electronic payments, has a negative correlation with the financial performance of banks. Additionally, the size of the bank and the scale of loans can also impact banking financial performance, while the bank growth rate has no impact on the ROA of banks observed from 2014 to 2023

The Role of Management Information Systems in the Healthcare Industry in E-Health and E-Hospital Programs

This study aims to determine the role of management information systems in the health industry in e-health and e-hospital programs. In the era of globalization, technological developments have had an impact on business progress, including the health industry. E-health and e-hospital as one of the internet-based technology applications require strategies to improve business efficiency and productivity. This study uses a qualitative method with a descriptive approach and a literature study method. The results of the study indicate that E-Health and E-Hospital services can make it easier for people to access health services easily and efficiently. It is hoped that in the future it can provide more complete services, such as adding several Hospitals and Health Centers to its website, giving customers access to the various Hospitals they need.

The Role of Management Information Systems in E-Commerce Business on Shopee

This research aims to determine the role of management information systems in the e-commerce business on Shopee. In the era of globalization, technological developments have had an impact on business progress, including e-commerce. Shopee as an online e-commerce application requires a strategy to increase customer loyalty and increase competitiveness in the e-commerce industry. This research uses qualitative methods with a descriptive approach and literature study methods. The research results show that technological developments have led to very efficient business growth, where businesses can now be launched through e-commerce. Shopee has its own unique features and advantages that enable the company to run smoothly and successfully. With increasingly rapid advances in technology, it is hoped that Shopee can utilize technology effectively and most importantly for its users, Shopee has the ability to update its applications or websites so as not to influence events that have occurred in the past.

Integrating Green Economy Concepts to Support the Achievement of SDGs Tenganan Dauh Tukad Village, Manggis District, Karangasem Regency

The implementation of the Green Economy in MSMEs in Karangasem, Bali, highlights dedication to sustainable development and environmental preservation. Many MSMEs in the region adhere to environmentally friendly practices, such as the use of sustainable materials and technology. In the tourism sector, for example, the business world focuses on environmentally friendly tourism with effective waste management and the use of renewable energy. Likewise, agricultural MSMEs are turning to organic methods to minimize the use of harmful chemicals. Government training and mentoring programs support these environmentally friendly practices. In Tenganan Village, the Ata craftsmen group exemplifies this approach. Known for their expertise with the roots of the Ata plant, the artisans uphold traditional methods while adapting to modern trends. Although the production process is environmentally friendly, the Ata tree trunks used as raw materials cannot be cultivated, and greater awareness of Green Economy principles is needed among partners.The service team is committed to educating these craftsmen about Green Economy practices to increase productivity and economic sustainability. In addition, although craftsmen currently use simple ledgers for financial recording, they lack detailed cost accounting for raw materials and operations. Introducing financial reporting that is aligned with Green Economy principles will improve accountability and financial management. With the existence of 15 independent Ata craft groups in Tenganan Village, the establishment of an integrated supervisory body can further support the integration of Green Economy practices and overall business efficiency.

Geo-information systems in urban planning: A review of business and environmental implications

In an era where urban landscapes are rapidly evolving, the integration of Geographic Information Systems (GIS) in urban planning emerges as a pivotal tool for sustainable development. This paper delves into the multifaceted role of GIS, exploring its implications in the realms of business and environmental sustainability within urban contexts. The background of the study is rooted in the increasing complexity of urban challenges and the need for innovative solutions to address them effectively. The aim of this paper is to provide a comprehensive analysis of GIS applications in urban planning, focusing on their impact on both business efficiency and environmental stewardship. The scope of the study encompasses an exploration of the historical evolution of GIS, its integration in various urban settings, and the interplay between commercial objectives and environmental sustainability. Employing a methodological framework that includes a thorough review of relevant literature and case studies, the study illuminates the dynamic interplay between technological advancements in GIS and their practical applications in urban planning. This approach facilitates a panoramic view of GIS's multifarious implications, highlighting trends, patterns, and impacts of its adoption in diverse urban scenarios. The main conclusions reveal that GIS is indispensable in modern urban development, adeptly addressing complex urban challenges, particularly in sustainable planning and balancing economic growth with environmental protection. However, the study also uncovers challenges such as the need for improved database construction and comprehensive information services. Recommendations include tailoring policies to local contexts, focusing on multi-scalar GIS-based indicators, and prioritizing sustainable development goals. These strategies are crucial for enhancing the efficacy of GIS in urban planning, leading to more sustainable and well-managed urban environments.