Year 2024, Issue 

Date published

30.12.2024

Table of content

  • Petya Emilova
    SMART BUSINESS ENVIRONMENTS: INTEGRATION OF BIG DATA, IoT AND ARTIFICIAL INTELLIGENCE
    JEL: L86, O33, M15, C80.
    Keywords: smart environment, Big Data, big data analysis, IoT, artificial intelligence.
    Summary: transformation of a business is essential for its successful operations in today's dynamic environment. In order to extract maximum value from data and improve their operational efficiency, modern companies invest in intelligent environments based on new technologies. The aim of this scientific research is to explore the pote ... ... Digital transformation of a business is essential for its successful operations in today's dynamic environment. In order to extract maximum value from data and improve their operational efficiency, modern companies invest in intelligent environments based on new technologies. The aim of this scientific research is to explore the potential of Big Data, Internet of Things (IoT) and Artificial Intelligence (AI) technologies for improving smart business environments and their role as tools for digital transformation, achieving competitive advantage and sustainable business development. In this regard, the research object is the development of intelligent business environments, and the research subject – the place and role of Big Data, IoT and AI in this development. In order to achieve the aim, in this monographic paper the characteristics and trends in modern business environments are systematized as well as the main advantages, challenges and requirements of IoT and Big Data in intelligent environments; the key tools and technologies for their application are presented; their practical application in the business environment of Bulgaria is studied; the role of AI in smart environments is explored. TABLE OF CONTENTS LIST OF FIGURES 9 LIST OF TABLES 11 INTRODUCTION 13 Chapter 1 THE MODERN BUSINESS ENVIRONMENT 19 1.1. The modern business environment – characteristics 19 1.2. Trends in the development of the environment 21 1.3. Business Intelligence Environment 28 1.4. Summary 33 Chapter 2 BIG DATA 34 2.1. Types of data 35 2.2. Big Data and Big Data management 37 2.3. Non-relational databases 50 2.4. Big Data platforms 52 2.5. Hadoop ecosystem 59 2.6. Requirements for Big Data platforms 67 2.7. Big Data ethics and privacy 68 2.8. Summary 71 Chapter 3 BIG DATA ANALYTICS 72 3.1. Business analytics and business intelligence 72 3.2. Big Data Analytics 73 3.3. The Big Data Value Chain 80 3.4. Applications of Big Data Analytics in business 81 3.5. Summary 84 Chapter 4 THE INTERNET OF THINGS (IoT) 85 4.1. Essence 85 4.2. Architecture 88 4.3. IoT ecosystems 95 4.4. IoT standards and regulations 97 4.5. IoT-Ecosystems Security Issues 99 4.6. Summary 100 Chapter 5 INTEGRATION OF BIG DATA AND IoT IN SMART ENVIRONMENTS 101 5.1. Evolution of smart environments 101 5.2. Tools in the Big Data and IoT Ecosystem 106 5.3. Advantages of smart environments based on Big Data and IoT 110 5.4. Challenges for smart environments based on Big Data and IoT 113 5.5. Summary 116 Chapter 6 RESEARCH ON THE IMPLEMENTATION OF IoT AND BDA IN BULGARIAN BUSINESSES 117 6.1. Research Methodology 117 6.2. Results 121 6.3. Key findings 155 6.4. Recommendations for future research 159 6.5. Summary 159 Chapter 7 THE ROLE OF ARTIFICIAL INTELLIGENCE IN BIG DATA AND IoT-BASED ENVIRONMENTS 160 7.1. Artificial intelligence in business 160 7.2. Research Methodology 163 7.3. Results 167 7.4. Smart environment 174 7.5. Importance of the research 176 7.6. Summary 177 Conclusion 179 List of abbreviations 181 Sources of information 182 List of references 183 Appendices 202