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Business Intelligence in Corporate Governance and Business Processes Management

Business Intelligence in Corporate Governance and Business Processes Management
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Author(s): Alexander Yakovlev (Sankt-Petersburg State University of Aerospace Instrumentation, Russia)
Copyright: 2013
Pages: 21
Source title: Diagnostic Test Approaches to Machine Learning and Commonsense Reasoning Systems
Source Author(s)/Editor(s): Xenia Naidenova (Military Medical Academy, Russia) and Dmitry I. Ignatov (National Research University Higher School of Economics, Russia)
DOI: 10.4018/978-1-4666-1900-5.ch011

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Abstract

Today is the time of transnational corporations and large companies. They bring to their shareholders and owners the major profits, and they are the main sponsors of scientific and technological progress. However, the extensive way of its development is not possible for environmental, marketing, resource, and many other reasons. So, the main field of competition between companies becomes a fight for the client, the individualization of approach to him, and the maximum cost reduction. At the same time, a series of scandals that erupted in the early 2000s with such major corporations as Enron Corporation, WorldCom, Tyco International, Adelphia, and Peregrine Systems has shown that the system of corporate governance, on which depends the welfare of hundreds of thousands of people, requires serious improvements in terms of transparency and openness. In this regard, the U.S. adopted the Sarbanes-Oxley Act of 2002, under which management companies legally obliged to prove that his decisions are based on reliable, relevant, credible and accurate information (Devenport & Harris, 2010).

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