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Book part
Publication date: 10 May 2023

Kuldeep Singh Kaswan, Jagjit Singh Dhatterwal, Naresh Kumar and Sandeep Lal

It is difficult to argue against the fact that research has focussed on artificial intelligence (AI) and robotisation over the past few decades. Additionally, during the past…

Abstract

It is difficult to argue against the fact that research has focussed on artificial intelligence (AI) and robotisation over the past few decades. Additionally, during the past several years, it has taken off and is now extensively used in numerous businesses across various industries. Most of the time, AI has been associated with some industrial sector process automation. Still, recently, the authors have noticed more positive technology uses, especially in the financial services industry. Due to several factors, the financial sector needs to adopt AI and recognise its potential. The industry has historically been concerned about unpredictability, legislation, stronger cybersecurity, technological limitations and disruption of established lucrative operations.

Never before has there been more discussion about AI due to the advantages it provides to businesses that are providing financial services. That may explain why this change is referred to as the fourth industrial revolution. Both positively and negatively, it is quite disruptive. The effectiveness, accuracy and cost-effectiveness of solutions greatly increase. However, immense power also entails great responsibility.

Precautions and security are more crucial than ever for businesses since the financial sector is changing significantly and quickly. The various benefits and drawbacks of this technology are yet unknown to humans. Although AI was first shown to us in the 1950s, it has recently gained new prominence as processing power, and the available quantity of data has increased dramatically.

Details

Contemporary Studies of Risks in Emerging Technology, Part A
Type: Book
ISBN: 978-1-80455-563-7

Keywords

Book part
Publication date: 19 July 2022

Kuldeep Singh Kaswan, Jagjit Singh Dhatterwal, Sanjay Kumar and Sandeep Lal

Purpose: A cyber insurance policy’s purpose is to help in the recovering of a person or corporation following a cyber breach and to compensate for civil suit expenses stemming…

Abstract

Purpose: A cyber insurance policy’s purpose is to help in the recovering of a person or corporation following a cyber breach and to compensate for civil suit expenses stemming from first- and third-party responsibility claims.

Methodology: The usage of cybersecurity spending has forecast a variety of security categories using F&S projection methodology. Each of these is suited to the end-user organisations of in-scope security mechanisms, as well as the particular market circumstances. Critical national infrastructure (CNI), immigration control, big events, first responding, executive branch, infrastructure, and transportation security are among the worldwide forecast categories. This segmentation is further subdivided into 16 subsegments, each with its own security forecasting system. F&S protection marketplaces are anticipated using a bottom-up technique for each nation, which adds up to worldwide market penetration. This covers 177 nations spread throughout seven zones.

Findings: The cybersecurity insurer industry was valued at USD 7.36 billion in 2020 and is predicted to be worth USD 27.83 billion by 2026, growing at a compound annual growth rate (CAGR) of 24.30% during the forecast time frame (2021–2026). The expanding use of digitalisation innovations such as the cloud, big data, mobile computing, internet of things (IoT), and artificial intelligence (AI) across more lines of employment and society, as well as improved connectivity, have enhanced the burden of already overburdened information technology (IT) staff.

Practical implications: Accepted the innovative Insurance Data Security Model Law (#668), which necessitates insurance providers and other agencies registered by government insurance agencies to advance, integrate, and establish an information security management system; start investigating any cybersecurity events; and advise the private insurance superintendent of such happenings. Too far, the approach has been embraced by governorates.

Details

Big Data: A Game Changer for Insurance Industry
Type: Book
ISBN: 978-1-80262-606-3

Keywords

Content available
Book part
Publication date: 19 July 2022

Abstract

Details

Big Data: A Game Changer for Insurance Industry
Type: Book
ISBN: 978-1-80262-606-3

Content available
Book part
Publication date: 10 May 2023

Abstract

Details

Contemporary Studies of Risks in Emerging Technology, Part A
Type: Book
ISBN: 978-1-80455-563-7

Open Access
Article
Publication date: 10 August 2022

Rama K. Malladi

Critics say cryptocurrencies are hard to predict and lack both economic value and accounting standards, while supporters argue they are revolutionary financial technology and a…

2386

Abstract

Purpose

Critics say cryptocurrencies are hard to predict and lack both economic value and accounting standards, while supporters argue they are revolutionary financial technology and a new asset class. This study aims to help accounting and financial modelers compare cryptocurrencies with other asset classes (such as gold, stocks and bond markets) and develop cryptocurrency forecast models.

Design/methodology/approach

Daily data from 12/31/2013 to 08/01/2020 (including the COVID-19 pandemic period) for the top six cryptocurrencies that constitute 80% of the market are used. Cryptocurrency price, return and volatility are forecasted using five traditional econometric techniques: pooled ordinary least squares (OLS) regression, fixed-effect model (FEM), random-effect model (REM), panel vector error correction model (VECM) and generalized autoregressive conditional heteroskedasticity (GARCH). Fama and French's five-factor analysis, a frequently used method to study stock returns, is conducted on cryptocurrency returns in a panel-data setting. Finally, an efficient frontier is produced with and without cryptocurrencies to see how adding cryptocurrencies to a portfolio makes a difference.

Findings

The seven findings in this analysis are summarized as follows: (1) VECM produces the best out-of-sample price forecast of cryptocurrency prices; (2) cryptocurrencies are unlike cash for accounting purposes as they are very volatile: the standard deviations of daily returns are several times larger than those of the other financial assets; (3) cryptocurrencies are not a substitute for gold as a safe-haven asset; (4) the five most significant determinants of cryptocurrency daily returns are emerging markets stock index, S&P 500 stock index, return on gold, volatility of daily returns and the volatility index (VIX); (5) their return volatility is persistent and can be forecasted using the GARCH model; (6) in a portfolio setting, cryptocurrencies exhibit negative alpha, high beta, similar to small and growth stocks and (7) a cryptocurrency portfolio offers more portfolio choices for investors and resembles a levered portfolio.

Practical implications

One of the tasks of the financial econometrics profession is building pro forma models that meet accounting standards and satisfy auditors. This paper undertook such activity by deploying traditional financial econometric methods and applying them to an emerging cryptocurrency asset class.

Originality/value

This paper attempts to contribute to the existing academic literature in three ways: Pro forma models for price forecasting: five established traditional econometric techniques (as opposed to novel methods) are deployed to forecast prices; Cryptocurrency as a group: instead of analyzing one currency at a time and running the risk of missing out on cross-sectional effects (as done by most other researchers), the top-six cryptocurrencies constitute 80% of the market, are analyzed together as a group using panel-data methods; Cryptocurrencies as financial assets in a portfolio: To understand the linkages between cryptocurrencies and traditional portfolio characteristics, an efficient frontier is produced with and without cryptocurrencies to see how adding cryptocurrencies to an investment portfolio makes a difference.

Details

China Accounting and Finance Review, vol. 25 no. 2
Type: Research Article
ISSN: 1029-807X

Keywords

Open Access
Article
Publication date: 26 September 2023

Sakshi Vasudeva

The study was done to review the existing literature available on the theme using a popular technique known as a bibliometric review. The purpose was to explore important…

1348

Abstract

Purpose

The study was done to review the existing literature available on the theme using a popular technique known as a bibliometric review. The purpose was to explore important bibliometric trends such as geographical distribution of research; the most relevant countries and institutions and important collaboration networks, frequently published authors, the most relevant topics/research domains and relationships among these, average citations or per year, the most relevant sources, top authors’ production, authors’ impact by H index and the progression of important keywords over a period of time.

Design/methodology/approach

The study analyzed literature published in the English language from 2012 onwards that used the words “cryptocurrency”, “Ethereum” “Bitcoin” along with “investment/s” or “speculation/s” in the Title/ABS/KEY. A specialized approach was followed to retrieve and analyze focused research. The data for analysis was extracted from the Scopus database and was analyzed using Biblioshiny and VOSViewer.

Findings

The study found that the countries such as the UK, Australia, China and the USA have special relevance in terms of the number of citations and collaboration networks. Cryptocurrency/Cryptocurrencies, bitcoin have been the base themes along with other crucial issues such as volatility, hedging, COVID-19 pandemic, Ethereum, blockchain, co-integration, portfolio diversification/optimization, spillover, safe haven, investor attention, gold, etc. There is a lot of interdisciplinary research on the theme.

Originality/value

The current study used a concentrated approach to study the bibliometric literature about the financial implications of cryptocurrency as an asset class and not prominently its technological or legal aspects.

Details

Business Analyst Journal, vol. 44 no. 1
Type: Research Article
ISSN: 0973-211X

Keywords

Content available
Article
Publication date: 11 February 2019

Richard Teare, Sandeep Munjal and Shweta Tiwari

361

Abstract

Details

Worldwide Hospitality and Tourism Themes, vol. 11 no. 1
Type: Research Article
ISSN: 1755-4217

Article
Publication date: 17 April 2020

Neeraj Dangi, Sapna A. Narula and Sandeep Kumar Gupta

This paper aims to investigate the determinants of organic food buying behaviour in an emerging economy like India, where organic food yet has low market share in spite of its…

2104

Abstract

Purpose

This paper aims to investigate the determinants of organic food buying behaviour in an emerging economy like India, where organic food yet has low market share in spite of its potential. Using the theory of planned behaviour (TPB) as the underlying basis, it attempts to explain the effect of attitude, subjective norms and the perceived behaviour control (PBC) on buying intention towards organic food among respondents in Delhi-National capital region, India. Additionally, it attempts to discriminate functional and constructive attitudes.

Design/methodology/approach

A quantitative questionnaire survey approach was used on 306 respondents and multiple linear regression was used to validate the research model.

Findings

Attitudes and PBC have a significant positive impact on the intention to purchase organic food. This paper found subjective norms to be weak and barely significant to intention. The results conclude that health motives, past purchase behaviour, knowledge, affordability and trust in organic certification label are the main facilitators in organic food purchase. Primarily, the respondents see buying organic food regularly as being of value and enjoyable to them. A more favourable appearance vs conventional food was negatively related to behavioural intention.

Originality/value

This research could aid all stakeholders in the organic food sector, particularly emerging economies like India where the organic market is still nascent. It could be an essential driver to improve customer involvement and thus aid them in the decision-making process to choose organic food over conventional food. It also attempts to establish the usability of TPB in assessing functional attitudes based on constructive attitudes for organic food purchase.

Details

Journal of Asia Business Studies, vol. 14 no. 5
Type: Research Article
ISSN: 1558-7894

Keywords

Article
Publication date: 27 June 2023

Javed Aslam, Aqeela Saleem and Yun Bae Kim

This study aims to proposed that blockchain helps the organization improve supply chain (SC) performance by improving integration, agility and security through real-time…

Abstract

Purpose

This study aims to proposed that blockchain helps the organization improve supply chain (SC) performance by improving integration, agility and security through real-time information sharing, end-to-end visibility, transparency, data management, immutability, irrevocable information and cyber-security platforms.

Design/methodology/approach

This study has made an initial effort toward proposing a framework that shows the problems and challenges for the O&G SC under its segments (upstream, midstream and downstream) and provides the interlink among blockchain properties for SCM problems. SC managers were selected for survey questionnaires from the Pakistan O&G industries.

Findings

This study analyzes the impact of blockchain-enabled SC on firm performance with an understanding of the SC robustness capabilities as a mediator. The result revealed that the SC manager believes that the blockchain-enabled SC has a positive and significant on firm performance and robustness capabilities.

Research limitations/implications

Blockchain technology is reflected as high-tech to support the firm process, responses and methods. The technology helps eliminate bottlenecks, avoid uncertainties and improve decision-making, leading to improved SC functions. This study guides managers about the potential problems of existing SC and how blockchain solves SC problems more effectively.

Originality/value

The oil and gas (O&G) sectors are neglected by researchers, and there are limited studies on O&G supply chain management (SCM). Additionally, no empirical evidence suggests implementing blockchain for O&G as a solution for potential problems. Furthermore, present the roadmap to other industries those having complex SC networks for the implication of blockchain to improve the SC performance.

Details

Business Process Management Journal, vol. 29 no. 6
Type: Research Article
ISSN: 1463-7154

Keywords

Article
Publication date: 19 July 2022

Harish Kundra, Sudhir Sharma, P. Nancy and Dasari Kalyani

Bitcoin has indeed been universally acknowledged as an investment asset in recent decades, after the boom-and-bust of cryptocurrency values. Because of its extreme volatility, it…

Abstract

Purpose

Bitcoin has indeed been universally acknowledged as an investment asset in recent decades, after the boom-and-bust of cryptocurrency values. Because of its extreme volatility, it requires accurate forecasts to build economic decisions. Although prior research has utilized machine learning to improve Bitcoin price prediction accuracy, few have looked into the plausibility of using multiple modeling approaches on datasets containing varying data types and volumetric attributes. Thus, this paper aims to propose a bitcoin price prediction model.

Design/methodology/approach

In this research work, a bitcoin price prediction model is introduced by following three major phases: Data collection, feature extraction and price prediction. Initially, the collected Bitcoin time-series data will be preprocessed and the original features will be extracted. To make this work good-fit with a high level of accuracy, we have been extracting the second order technical indicator based features like average true range (ATR), modified-exponential moving average (M-EMA), relative strength index and rate of change and proposed decomposed inter-day difference. Subsequently, these extracted features along with the original features will be subjected to prediction phase, where the prediction of bitcoin price value is attained precisely from the constructed two-level ensemble classifier. The two-level ensemble classifier will be the amalgamation of two fabulous classifiers: optimized convolutional neural network (CNN) and bidirectional long/short-term memory (BiLSTM). To cope up with the volatility characteristics of bitcoin prices, it is planned to fine-tune the weight parameter of CNN by a new hybrid optimization model. The proposed hybrid optimization model referred as black widow updated rain optimization (BWURO) model will be conceptual blended of rain optimization algorithm and black widow optimization algorithm.

Findings

The proposed work is compared over the existing models in terms of convergence, MAE, MAPE, MARE, MSE, MSPE, MRSE, Root Mean Square Error (RMSE), RMSPE and RMSRE, respectively. These evaluations have been conducted for both algorithmic performance as well as classifier performance. At LP = 50, the MAE of the proposed work is 0.023372, which is 59.8%, 72.2%, 62.14% and 64.08% better than BWURO + Bi-LSTM, CNN + BWURO, NN + BWURO and SVM + BWURO, respectively.

Originality/value

In this research work, a new modified EMA feature is extracted, which makes the bitcoin price prediction more efficient. In this research work, a two-level ensemble classifier is constructed in the price prediction phase by blending the Bi-LSTM and optimized CNN, respectively. To deal with the volatility of bitcoin values, a novel hybrid optimization model is used to fine-tune the weight parameter of CNN.

Details

Kybernetes, vol. 52 no. 11
Type: Research Article
ISSN: 0368-492X

Keywords

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