Volume 3, Issue 2, PP: 49-54, 2024 | Cite this article as | XML | | Html PDF
Harith Yas 1 *
This research paper examines the critical juncture of business intelligence and sustainable risk management in response to the increasing challenges faced by modern businesses. Our study recognizes that organizations must navigate uncertainties while prioritizing sustainability. It focuses on analyzing credit risk data. We present a comprehensive examination of predictive performance using Logistic Regression, Decision Tree, and K-Nearest Neighbors classifiers augmented by the Synthetic Minority Over-sampling Technique (SMOTE) for class rebalancing. The empirical findings presented through detailed tables and figures reveal intricate relationships and patterns within the data. This research also contributes to the broader discourse on responsible business practices by highlighting the integration of business intelligence in sustainable risk mitigation. Moreover, comparative analysis of machine learning algorithms under various resampling techniques further strengthens the framework’s reliability.
Business Intelligence , Risk Management, Sustainability , Risk Governance , Resilient Enterprises , Social Responsibility , Economic Sustainability.
[1] Marar, Fatima Murshed Al, and Haitham Nobanee. n.d. “Business Intelligence, Sustainability and Risk Management.”
[2] Žigien\.e, Gerda, Egidijus Rybakovas, and Robertas Alzbutas. 2019. “Artificial Intelligence Based Commercial Risk Management Framework for SMEs.” Sustainability 11 (16): 4501.
[3] Goede, Roelien. 2021. “Sustainable Business Intelligence Systems: Modelling for the Future.” Systems Research and Behavioral Science 38 (5): 685–95.
[4] Oduoza, C F. 2020. “Framework for Sustainable Risk Management in the Manufacturing Sector.” Procedia Manufacturing 51: 1290–97.
[5] Bolos, Marcel Ioan, Diana Claudia SAB\uAU-POPA, Ioana-Alexandra BRADEA, Camelia DELCEA, and Emil SCARLAT. 2016. “A BUSINESS INTELLIGENCE INSTRUMENT FOR DETECTION AND MITIGATION OF RISKS RELATED TO PROJECTS FINANCED FROM STRUCTURAL FUNDS.” Economic Computation \& Economic Cybernetics Studies \& Research 50 (2).
[6] Ullah, Fahim, Siddra Qayyum, Muhammad Jamaluddin Thaheem, Fadi Al-Turjman, and Samad M E Sepasgozar. 2021. “Risk Management in Sustainable Smart Cities Governance: A TOE Framework.” Technological Forecasting and Social Change 167: 120743.
[7] Seddigh, Mohammad Reza, Sajjad Shokouhyar, and Fatemeh Loghmani. 2023. “Approaching towards Sustainable Supply Chain under the Spotlight of Business Intelligence.” Annals of Operations Research 324 (1–2): 937–70.
[8] Serrano, Frederico José Pereira. 2023. “Risk Management In Supply Chain Integration Using A Business Intelligence Optimization Approach.”
[9] Pieket Weeserik, Bram, and Marco Spruit. 2018. “Improving Operational Risk Management Using Business Performance Management Technologies.” Sustainability 10 (3): 640.
[10] Chang, Victor, Raul Valverde, Muthu Ramachandran, and Chung-Sheng Li. 2020. “Toward Business Integrity Modeling and Analysis Framework for Risk Measurement and Analysis.” Applied Sciences 10 (9): 3145.
[11] Kabra, Gaurav, Vinit Ghosh, and A Ramesh. 2018. “Enterprise Integrated Business Process Management and Business Intelligence Framework for Business Process Sustainability.” In Green Initiatives for Business Sustainability and Value Creation, 228–38. IGI Global.
[12] Zheng, Jiehui, and Haliyana Khalid. 2022. “The Adoption of Enterprise Resource Planning and Business Intelligence Systems in Small and Medium Enterprises: A Conceptual Framework.” Mathematical Problems in Engineering 2022.
[13] Charles, Vincent, Pratibha Garg, Neha Gupta, and Mohini Agarwal. 2023. Data Analytics and Business Intelligence: Computational Frameworks, Practices, and Applications. CRC Press.
[14] Badwan, Nemer, Lamees Al-Zoubi, and Suhaib Al-Khazaleh. 2023. “Financial Risk Management in the Supply Chain Using Business Intelligence and Big Data.” International Journal of Management and Business Research 7 (1): 1–27.
[15] Avendaño, E, A Moreno, G Sanchez, and M Villamil. 2020. “Business Intelligence and Visual Analytics-Based Strategy for Disaster Risk Observatory Development.” Prospectiva (1692-8261) 18 (1).
[16] Spedding, Linda S, and Adam Rose. 2007. Business Risk Management Handbook: A Sustainable Approach. elsevier.
[17] Charneira, Nuno Miguel Valentim. 2022. “Monitoring Smart Sustainable Cities: Business Intelligence Approach to Smart Sustainable Cities.”
Torres, Germán Sánchez, Mar\’\ia del Pilar Villamil, Andres Moreno, and Eduard Avendaño. 2020. “Business Intelligence and Visual Analytics-Based Strategy for Disaster Risk Observatory Development.” Prospectiva 18
