New Research Directions

Introduction

In the literature, various definitions of the term Business Intelligence have been proposed, both in academia and industry. Each of these definitions, in their own wording, define Business Intelligence as the process by which data is transformed into information which can then be used by decision makers in an informed way. This is done by using various technologies and tools. In this book, we focused on one such technology, namely transactional risk, to achieve Business Intelligence in various business applications. The approaches and techniques detailed in this book systematically tackle the process of assessing transactional risk in business activities and take this into account when making an informed interaction-based decision. Specifically, in this book, we have proposed computational methods for the assessment of the subcategories of transactional risk, according to the context- specific, assessment criteria-specific and dynamic-specific characteristics, combining these assessments to ascertain the severity of transactional risk and evaluate and manage it for the successful completion of the business activity. We believe that the proposed approach for transactional risk analysis in this book, when combined with the existing techniques for trust and security assessments, will assist in providing the required technologies for Business Intelligence in various business applications.