Opportunities to Improve the Competitiveness of Romanian Organizations

Gabriela Gheorghe () and Ioana Lupasc ()
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Gabriela Gheorghe: Dunarea de Jos University of Galati, Romania
Ioana Lupasc: Dunarea de Jos University of Galati, Romania

Economics and Applied Informatics, 2013, issue 2, 25-32

Abstract: Competitive organizations are permanently prepared to identify the cutting-edge technologies which will change the future in business by using the concept of Business Intelligence. Moore's paradigm was a visionary model to predict the future and to make the correct business decisions, inspiring business solutions in many fields. Many businesses believe that predictions based on an exponential improvement of the technology have successfully bet that the technological limitations can be overcome. Nowadays, company executives require relevant and accurate business information in real-time, but also predictions on the medium and long term to make strategic decisions. Information Technology is developing rapidly and providing decision makers with large amounts of information that require processing and analysis. This paper describes the architecture of the Business Intelligence Platform and highlights the benefits of using decision support systems for business applications. Developing new methods for predictive modelling and application of existing techniques in many areas will be a permanent concern for both researchers and companies that are interested to gain competitive advantages.

Keywords: Decision support system; Business intelligence; Knowledge discovery in databases; Data mining technologies (search for similar items in EconPapers)
JEL-codes: L86 M15 O33 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fseeai:y:2013:i:2:p:25-32

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