Search results for "strategic benefits"
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A Study Regarding the Use of Expert Systems in Economics Field
2013
Abstract Expert systems simulate the formal reasoning of human expert in a narrow field like stock trading. The traditional method is using IF-THEN rules. Nowadays, Belief Rule Base (BRB) expert systems are capable to perform reasoning based both qualitative and quantitative information. The paper presents a SWOT analysis of expert systems, emphasizing the opportunities the use of expert systems offers to economics field. Using expert systems in economics field provides strategic benefits like: competitive financial advantages, investment advisory, better organisation of workflow, back-up for key experts, training tool for new employees, diagnosis of critical aspects, prognosis of economic …