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All Journal International Journal of Small and Medium Enterprises and Business Sustainability
Sylwia Gwoździewicz
The Jacob of Paradies University Gorzow Wielkopolski, Poland
Economics, Econometrics & Finance

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The Big Data Technologies as an Important Factor of Electronic Data Processing and the Development of Computerized Analytical Platforms, Business Intelligence Sylwia Gwoździewicz; Dariusz Prokopowicz
International Journal of Small and Medium Enterprises and Business Sustainability Vol. 2 No. 4 (2017): November
Publisher : Lembaga Penerbit Fakultas Ekonomi dan Bisnis Universitas Trisakti

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Abstract

The development of transformation and sharing information via the Internet has been determined by numerous facilities for beneficiaries, clients and those using information services of the public sector institutions. Moreover, there is an opportunity for the entities sharing electronic information via the Internet to significantly reduce transactional costs of their performed financial operations and electronic data transfer. On the other hand, the information technology (IT) development functioning in the Internet is connected with the risk of losing and theft of information by unentitled entities. The process of sharing information via the Internet generates many threats connected with identity theft crime, taking over secret data by hackers and embezzlement of money in the electronic banking systems. In response to the threats, particular entities, including the institutions of the financial sector, develop security systems of remote information sharing and performing transactions via the Internet. Nowadays, there is a continuity of the technique improvement process providing certain level of the Internet security data transfer. The procedures of safe transforming, stocking and sharing information in the Internet electronic banking have been being improved. National legal regulations considering new occurring technology innovation and electronic transfer technologies in the Internet have been being completed as well. Dissemination of standards of performing financial operations in the cloud as well as those huge data collections allocated in the big data platforms are within the fasted developing IT areas that determine further phases of advance of the electronic Internet banking.
Determinants of Contemporary Processes of Economic and Information Globalization of Financial Markets Dariusz Prokopowicz; Sylwia Gwoździewicz
International Journal of Small and Medium Enterprises and Business Sustainability Vol. 4 No. 1 (2019): March
Publisher : Lembaga Penerbit Fakultas Ekonomi dan Bisnis Universitas Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25105/ijsmebs.v4i1.20461

Abstract

The globalization processes took place many times in the socio-economic and cultural development of transnational communities. One of the last such processes has been occurredsince the middle of the last century. The current globalization process is mainly related with the successively progressing integration of financial markets and with the development of information and communication technologies (ICT) and Internet technologies. The socioeconomic, political and business changes, which have been taken place in the global dimension since the middle of the last century, are a source of modification of the currently functioning market structures and global models of financial systems. The liberalization of capital flows, progressing since the 1970s, has been determined by many economic and political factors, including the modification of the international monetary system. The main determinants of economic and information globalization include such processes as liberalization of capital flows, deregulation of international financial markets and progress in the field of ICT. These processes constituted favorable conditions for the increase in the tendency to globalization of the world economy as well as for the internationalization of financial markets. The processes of globalization in the ancient history were of a slightly different nature. In those days the production of goods was dominated by other factors than it is today and economics has not been yet a separate science.
Co-Authors Dariusz Prokopowicz