ACCOUNTING AND FINANCIAL STATEMENTS AUTO ANALYSIS SYSTEM

This project was motivated by the need to revolutionize the generation of financial statements and financial analysis process thus speeding up business decision making. The research questions were: 1) How can machine learning increase the speed of financial statement preparation and automate financial statements analysis? 2) How can businesses balance the benefits of automating financial analysis with potential concerns around privacy, data security, and bias? 3) Can the Java J2EE framework provide a reliable running environment for machine learning? The findings were: 1) Machine learning can significantly increase the accuracy and speed of financial analysis. Using machine learning algorithms, financial data can be processed and analyzed in real-time, allowing for quicker and more precise financial analysis. Machine learning models can identify patterns and trends in financial data that may not be easily detectable by humans, leading to more accurate financial statements and analysis. Additionally, machine learning can automate repetitive tasks in the financial analysis process, saving time and resources for businesses. 2) Businesses need to carefully balance the benefits of automating financial analysis with potential concerns around privacy, data security, and bias. While machine learning can offer significant advantages in terms of accuracy and speed, it also requires handling sensitive financial data. Therefore, it is crucial for businesses to implement robust data security measures to protect against potential data breaches and ensure compliance with privacy regulations. Additionally, businesses need to be mindful of potential biases in machine learning algorithms, as biased algorithms can result in biased financial analysis. Regular audits and monitoring of machine learning models should be conducted to address and mitigate any potential biases. 3) The Java J2EE framework can provide a reliable running environment for machine learning. Java J2EE (Java 2 Platform, Enterprise Edition) is a widely used and mature framework for developing enterprise applications, including machine learning applications. It offers scalability, reliability, and security features that are essential for running machine learning algorithms in a production environment. Java J2EE provides robust support for distributed computing, allowing for efficient processing of large financial datasets. Furthermore, it offers a wide range of libraries and tools for implementing machine learning algorithms, making it a viable choice for running machine learning applications in the financial industry. The conclusions were: 1) Machine learning has the potential to significantly increase the accuracy and speed of financial analysis, thereby revolutionizing the generation of financial statements and the financial analysis process. Various machine learning algorithms, such as decision trees, random forests, and deep learning algorithms, can be utilized to identify patterns, trends, and hidden risks in financial data, leading to more informed and efficient business decision making. 2) Businesses need to carefully balance the benefits of automating financial analysis with potential concerns around privacy, data security, and bias. While machine learning can offer significant advantages in terms of accuracy and speed, there are ethical considerations that need to be addressed, such as ensuring data privacy, implementing effective data security measures, and mitigating biases in machine learning algorithms used in financial analysis. Businesses should adopt a responsible approach to machine learning implementation, considering the potential risks and benefits. 3) The Java J2EE framework can provide a reliable running environment for machine learning applications, but further research is needed to evaluate the performance and scalability of machine learning models in this framework. Identifying potential optimizations for running machine learning applications at scale in the Java J2EE framework can lead to more efficient and effective implementation of machine learning in financial analysis and decision-making processes. Further research in this area can contribute to the development of robust and scalable machine learning applications for financial analysis in the business domain. Areas for further study include: 1) Exploring different machine learning algorithms and techniques to further improve the accuracy and speed of financial analysis. 2) Conducting research on the impact of machine learning on financial decision making and business performance. 3) Investigating methods for addressing and mitigating biases in machine learning algorithms used in financial analysis. 4) Evaluating the effectiveness of different data security measures in protecting sensitive financial data in machine learning applications. 5) Studying the performance and scalability of machine learning models in the Java J2EE framework and identifying potential optimizations for running machine learning applications at scale

A case study of predicting banking customers behaviour by using data mining

Data Mining (DM) is a technique that examines information stored in large database or data warehouse and find the patterns or trends in the data that are not yet known or suspected. DM techniques have been applied to a variety of different domains including Customer Relationship Management CRM). In this research, a new Customer Knowledge Management (CKM) framework based on data mining is proposed. The proposed data mining framework in this study manages relationships between banking organizations and their customers. Two typical data mining techniques - Neural Network and Association Rules - are applied to predict the behavior of customers and to increase the decision-making processes for recalling valued customers in banking industries. The experiments on the real world dataset are conducted and the different metrics are used to evaluate the performances of the two data mining models. The results indicate that the Neural Network model achieves better accuracy but takes longer time to train the model

Support for collaborative component-based software engineering

Collaborative system composition during design has been poorly supported by traditional CASE tools (which have usually concentrated on supporting individual projects) and almost exclusively focused on static composition. Little support for maintaining large distributed collections of heterogeneous software components across a number of projects has been developed. The CoDEEDS project addresses the collaborative determination, elaboration, and evolution of design spaces that describe both static and dynamic compositions of software components from sources such as component libraries, software service directories, and reuse repositories. The GENESIS project has focussed, in the development of OSCAR, on the creation and maintenance of large software artefact repositories. The most recent extensions are explicitly addressing the provision of cross-project global views of large software collections and historical views of individual artefacts within a collection. The long-term benefits of such support can only be realised if OSCAR and CoDEEDS are widely adopted and steps to facilitate this are described. This book continues to provide a forum, which a recent book, Software Evolution with UML and XML, started, where expert insights are presented on the subject. In that book, initial efforts were made to link together three current phenomena: software evolution, UML, and XML. In this book, focus will be on the practical side of linking them, that is, how UML and XML and their related methods/tools can assist software evolution in practice. Considering that nowadays software starts evolving before it is delivered, an apparent feature for software evolution is that it happens over all stages and over all aspects. Therefore, all possible techniques should be explored. This book explores techniques based on UML/XML and a combination of them with other techniques (i.e., over all techniques from theory to tools). Software evolution happens at all stages. Chapters in this book describe that software evolution issues present at stages of software architecturing, modeling/specifying, assessing, coding, validating, design recovering, program understanding, and reusing. Software evolution happens in all aspects. Chapters in this book illustrate that software evolution issues are involved in Web application, embedded system, software repository, component-based development, object model, development environment, software metrics, UML use case diagram, system model, Legacy system, safety critical system, user interface, software reuse, evolution management, and variability modeling. Software evolution needs to be facilitated with all possible techniques. Chapters in this book demonstrate techniques, such as formal methods, program transformation, empirical study, tool development, standardisation, visualisation, to control system changes to meet organisational and business objectives in a cost-effective way. On the journey of the grand challenge posed by software evolution, the journey that we have to make, the contributory authors of this book have already made further advances

A review of approaches and tools for collaborative networks simulation

Collaborative networks (CN) are characterised by being complex systems, highlighting the need of considering simulation approaches to support the resolution of CN models. Simulation approaches are seen as a supporting tool to analyse the formal model of a supply network. Three relevant simulation approaches are identified for its application in the context of CN models: Discrete Events Simulation, System Dynamics and Agent Based Simulation. Each simulation approach is briefly described and compared with each other, according to a group of relevant features, with the main aim of aiding the modellers in the task of selecting the most appropriate simulation approach to address the modelling process in the context of CN. Besides, a group of commercial and academic tools are listed for each simulation approach.Andres, B.; Poler, R. (2016). A review of approaches and tools for collaborative networks simulation. Brazilian Journal of Operations and Production Management. 13(3):232-242. doi:10.14488/BJOPM.2016.v13.n3.a1S23224213

A Survey on Compiler Autotuning using Machine Learning

Since the mid-1990s, researchers have been trying to use machine-learning based approaches to solve a number of different compiler optimization problems. These techniques primarily enhance the quality of the obtained results and, more importantly, make it feasible to tackle two main compiler optimization problems: optimization selection (choosing which optimizations to apply) and phase-ordering (choosing the order of applying optimizations). The compiler optimization space continues to grow due to the advancement of applications, increasing number of compiler optimizations, and new target architectures. Generic optimization passes in compilers cannot fully leverage newly introduced optimizations and, therefore, cannot keep up with the pace of increasing options. This survey summarizes and classifies the recent advances in using machine learning for the compiler optimization field, particularly on the two major problems of (1) selecting the best optimizations and (2) the phase-ordering of optimizations. The survey highlights the approaches taken so far, the obtained results, the fine-grain classification among different approaches and finally, the influential papers of the field.Comment: version 5.0 (updated on September 2018)- Preprint Version For our Accepted Journal @ ACM CSUR 2018 (42 pages) - This survey will be updated quarterly here (Send me your new published papers to be added in the subsequent version) History: Received November 2016; Revised August 2017; Revised February 2018; Accepted March 2018