Data management in cognitive financial systems

Cognitive informatics in image semantics description, identification and automatic pattern understanding

This publication presents cognitive systems designed for analysing economic data. Such systems have been created as the next step in the development of classical DSS systems (Decision Support Systems), which are currently the most widespread tools providing computer support for economic decision-making. The increasing complexity of decision-making processes in business combined with increasing demands that managers put on IT tools supporting management cause DSS systems to evolve into intelligent information systems. This publication defines a new category of systems - UBMSS (Understanding Based Management Support Systems) which conduct in-depth analyses of data using on an apparatus for linguistic and meaning-based interpretation and reasoning. This type of interpretation and reasoning is inherent in the human way of perceiving the world. This is why the authors of this publication have striven to perfect the scope and depth of computer interpretation of economic information based on human processes of cognitive data analysis. As a result, they have created UBMSS systems for the automatic analysis and interpretation of economic data. The essence of the proposed approach to the cognitive analysis of economic data is the use of the apparatus for the linguistic description of data and for semantic analysis. This type of analysis is based on expectations generated automatically by a system which collects resources of expert knowledge, taking into account the information which can significantly characterise the analysed data. In this publication, the processes of classical data description and analysis are extended to include cognitive processes as well as reasoning and forecasting mechanisms. As a result of the analyses shown, we will present a new class of UBMSS cognitive economic information systems which automatically perform a semantic analysis of business data.

The high-speed and constants changes in information technology and business needs to drive the development and evolution of Cognitive Information Systems (CIS). There are limited items of research on the general model related to the analysis and design of CIS. This paper attempts to create a joint design scheme, where tries to joining the various models for CISs and Understanding-based management systems (UBMSS). The examined components substantiate elements of CIS analysis and design; however, they weren’t delineated as modeling elements and not depicted as enabling instruments that are needed to create a consistent and integrated system. The vital ingredients for modeling as follows: semi-structured documents, business processes, constituents of knowledge management, the enterprise, and the information architecture, together with the self-directing software components—Artificial Intelligence (AI)—that yield functions. For CIS modeling, the constituents, which were mentioned previously, were combined into a unified framework. That framework follows the object-oriented paradigm and architecture approach. The research aims to describe and present a framework that covers an overarching model and assists our understanding of the properties of CIS and UBMSS, permitting the formulation of a practical development method for Cognitive Information and Cognitive Management Systems (CMSs).

Financial information system is an information system that provides information to individuals or groups of people, both inside and outside the company that contains financial problems and information about the flow of money for users in the company. Financial information systems are used to solve financial problems in a company, by meeting three financial principles: fast, safe, and inexpensive.Quick principle, the intention is that financial information systems must be able to provide the required data on time and can meet the needs. The Safe Principle means that the financial information system must be prepared with consideration of internal controls so that company assets are maintained. The Principle of Inexpensive, the intention is that the cost of implementing a financial information system must be reduced so that it is relatively inexpensive.Therefore we need technology media that can solve financial problems, and produce financial information to related parties quickly, safely and cheaply. One example of developing information technology today is computer technology and internet. Starting from financial problems and technological advances, the authors make a website-based financial management application to facilitate the parties that perform financial management and supervision.Method of development application program is used Waterfall method, with the following stages: Software Requirement Analysis, Software Design, Program Code Making, Testing, Support, Maintenance.

Financial information system is an information system that provides information to individuals or groups of people, both inside and outside the company that contains financial problems and information about the flow of money for users in the company. Financial information systems are used to solve financial problems in a company, by meeting three financial principles: fast, safe, and inexpensive.Quick principle, the intention is that financial information systems must be able to provide the required data on time and can meet the needs. The Safe Principle means that the financial information system must be prepared with consideration of internal controls so that company assets are maintained. The Principle of Inexpensive, the intention is that the cost of implementing a financial information system must be reduced so that it is relatively inexpensive.Therefore we need technology media that can solve financial problems, and produce financial information to related parties quickly, safely and cheaply. One example of developing information technology today is computer technology and internet. Starting from financial problems and technological advances, the authors make a website-based financial management application to facilitate the parties that perform financial management and supervision.Method of development application program is used Waterfall method, with the following stages: Software Requirement Analysis, Software Design, Program Code Making, Testing, Support, Maintenance.

Administrative and financial information systems are one of the most widely applied information technologies to facilitate the management of various data into information. TK-IT Permata Hati Sumberrejo still uses manual methods to manage data student, teacher, and staff data as well as recap payment. Data processing is using Microsoft Excel, which results in time-consuming when entering data and when re-doing data correction before reported. This system was developed aiming to help data and financial management to be more effective and efficient. The information from the data entered can be conveyed properly. Therefore, it is necessary to develop a web-based administrative and financial management information system using PHP programming language with Laravel framework. This system designed using the waterfall method. Then the system will be evaluated using the Black Box and User Acceptance Test. The results of this study are an information system with various features that can be used to manage student, teacher, and staff data, as well as to manage recap payments of tuition fees, POMG, uniforms, and activities. The results of the system testing by the Principal, Treasurer, Administrative, and Admin staff can be concluded that the system is running well and meets the needs of the school.

Financial assistance information system is a crucial data processing activity within the Aceh Department of Finance, aimed at obtaining well-directed and easily accessible information regarding financial assistance reports. This research focuses on the design of the Financial Assistance Information System within the Aceh Department of Finance, utilizing the CodeIgniter framework along with programming languages such as HTML, PHP, CSS, JSON, AJAX, and MySQL as the supporting database. The purpose of this study is to understand and design the Financial Assistance Information System within the Aceh Department of Finance using the CodeIgniter framework and programming languages like HTML, PHP, CSS, JSON, AJAX, and MySQL as the supporting database. Data collection for this report was obtained through two methods: literature review involving relevant library books and other scholarly works, and field study involving interviews and direct observations related to this research. The financial assistance information system is administered by a finance department administrative staff responsible for recording and inputting financial assistance report data. The research findings conclude that the Financial Assistance Information System at the Aceh Department of Finance adheres to procedures, employing the CodeIgniter framework and programming languages such as HTML, PHP, CSS, JSON, AJAX, and MySQL as the supporting database.

The development of cloud computing technology provides a new option for construction of group company financial management information system. It can complete make up the shortages of traditional financial management mode through application of cloud computing technology. This paper brings forward the applicable scheme of private cloud technology on the construction of group company financial management information system based on private cloud service platform, and creates the overall architecture of new model of group company financial management information system. We hope that the construction progress of group company financial management information system can be pushed forward by this research.

Background: Municipalities in South Africa are currently grappling with the introduction of Integrated Financial Management Information Systems (IFMIS) to improve financial management. Integrated Financial Management Information Systems have been found to be an important tool for economic growth and development by ensuring that municipalities have appropriate management of public resources with the goal of enhancing service delivery to the citizens. Integrated Financial Management Information Systems have been introduced in municipalities in South Africa; however, they have not widespread been used. Previous research mentions wide-range bottlenecks for the acceptance of new technology in government departments, among which are insufficient attention to change management process and acceptance by intended end-users. Objective: This research study focused on the post-implementation evaluation of IFMIS in municipalities, as well as challenges affecting the implementation of IFMIS. The aim was to establish areas of improvement in the implementation of IFMIS. Method: Three stages (unfreezing, change and refreezing) and eight steps for successful change management were used as theoretical background to investigate this study. The study employed a qualitative approach and case study research strategy underpinned by the interpretivist philosophical paradigm. The study was performed in five municipalities of the Western Cape province, Republic of South Africa. Interviews were conducted using 16 end-users who were assigned to use IFMIS for work purposes; and specifically, three end-users were interviewed in each of the five municipalities. Deductive thematic analysis was used to analyse the factors affecting change management in the implementation of IFMIS. Results: Findings show that the implementation of IFMIS in municipalities was a top-down approach that encompasses a linear process where systems were implemented by external vendors, and then introduced to end-users afterwards. The study revealed that end-users were not involved in the implementation, and also that there are challenges affecting system use because of non-involvement of end-users during system implementation. Conclusion: Implementation should be a user-oriented process, thus resulting in resistance to systems use. End-users should be part of the implementation process and their recommendations should be incorporated in the implementation process because people are more likely to accept the forthcoming change if they know what to expect.

In order to fully implement systematic, continuous and effective supervision of financial institutions and promote the safe, steady, and efficient operation of China’s financial system, this research needs to develop a fully intelligent financial supervision information system, so as to take measures to effectively prevent and resolve financial risks. In this paper, based on ML (machine learning), an LSTM (long short-term memory) model with good comprehensive performance is built. This model is different from the existing scorecard model which relies on statistical learning. It not only further reduces the dependence on financial experts, but also has the ability of rapid iteration. The post-loan risk early warning model based on RF (random forest) algorithm is designed. The model parameters are optimized, which makes the risk early warning model have higher accuracy. The results show that when the data amount is 10,000 to 50,000, the accuracy of the model is relatively high when it is input into the model. When the amount of data is low, the overall throughput of the model is still very high. It shows that the pre-warning model of post-lending risk constructed in this paper has a strong risk prediction ability.

This paper presents some advances techniques for the strategic data sharing and splitting used for encryption and division of secret data, and enterprise management as well as modern approaches for management of divided information. The presented data sharing and splitting techniques will concern cryptographic algorithms as well as data sharing procedures based on cognitive data analysis techniques. Secret information sharing techniques aim to secure strategic information or secrets against disclosure to unauthorized persons. This paper presents algorithms and techniques allowing for visual information division and sharing on the basis of cognitive data analysis systems. The development of computer techniques for classified information splitting should also be useful in the process of shared information distribution and management. Cognitive systems for the semantic analysis of strategic economic and financial data will also be used to conceal information about the condition of the enterprise/organization.

The development of information technology requires that financial management information system of colleges and universities should adapt to the needs of IT development. This paper gives an analysis to the current situation of financial management system in colleges and universities, and proposes several basic strategies for establishment and perfection of financial management information system in colleges and universities in allusion to bottleneck problems

In the current era of globalization, information is needed in a management organization. Most companies prefer computerized information systems because they simplify performance management. The rapid development of today's technology is also very useful and supports all aspects of life, especially in managing accounting and financial information systems, becoming a financial analysis of a company as a benchmark in assessing company performance. At the place where this research was carried out, there was no financial data to measure financial management performance. Become a reference in evaluating financial reports to assess financial performance in this study. Responding to these problems, it can be formulated to design a financial performance information system by applying the web-based EVA (Economic Value Added) method to assess whether a company's financial performance measurement influences growth or decline for decision makers related to financial management. and investors and provide results to company stakeholders as an evaluation value of financial management. The end result of this research is the EVA value for the company is Rp. 4,267,398,060. And this value can be used as an evaluation of management at the research site.

This study aims to determine the professionalism of the performance of the financial administration apparatus in the Banda Aceh regional work unit by using position analysis and understanding of regional financial management information systems on the performance of the regional financial administration apparatus. The sampling technique in this study is the census method, obtaining 44 respondents. The results show that job analysis and understanding of regional financial management information systems partially have a significant effect on the performance of the financial administration apparatus in the Banda Aceh regional work unit. Furthermore, job analysis and regional financial management information systems understanding have a significant effect on the financial administration apparatus performance in the Banda Aceh regional work unit simultaneously.

In the current enterprise competition, the core of the management information system is the financial management information system. Building a more comprehensive and efficient financial management information system can effectively establish a more efficient innovative enterprise and promote the transformation and development of the enterprise. This paper first designs a set of financial management system templates, including general ledger, accounts receivable, and accounts payable. Second, according to the characteristics of wireless sensor network technology, this paper proposes a financial management system based on the wireless sensor network and designs a load balancing topology control algorithm (LHTCA algorithm), which balances the energy consumption of network nodes and helps to improve the network life cycle. Finally, the management system is tested and validated. The test results show that the financial management system can realize the electronicization of financial data and paperless vouchers, improve the efficiency of financial work, and promote the sharing and integration of resources.