Skip to main content

Supporting Investment Decisions Based on Cognitive Technology

  • Chapter
  • First Online:

Part of the book series: Studies in Computational Intelligence ((SCI,volume 887))

Abstract

The aim of the chapter is to present the conception of the prediction module for supporting investment decisions based on the cognitive technology. Managers must make investment decisions that are very important for a company’s development. Decisions are made based on scenario analysis. Preparation of these scenarios is based on data and information from sources from the company and its environment. An important source of data are social media, which can contain valuable information, but also rubbish. The problem is to extract from a huge amount of data in social media information which is valuable and useful for a company in forecasting future situations. The chapter contains conclusions from the study on the use of cognitive technology in obtaining valuable information from Twitter to forecast investment scenarios. We have discussed the proposal of the prognostic investment decision supporting module and present a case study analysis that refers to the use of cognitive technologies in the this module to support investment decision making by managers in small and medium-sized enterprises. The contribution of this chapter is a proposal of the prediction module for supporting investment decisions based on the cognitive technology.

This is a preview of subscription content, log in via an institution.

Buying options

Chapter
USD   29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD   129.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD   169.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD   169.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Learn about institutional subscriptions

Notes

  1. 1.

    The network is powered by learning data, which is saved in the form of semantic graphs. The agent searches the texts for sentences containing common words because it determines the degree of similarity that directly affects the evaluation. If a sentence has many connections, the system classifies it as relevant.

References

  1. Rekik, A., Jamoussi, S., & Hamadou, A. B. (2019). Violent vocabulary extraction methodology: Application to the radicalism detection on social media. In N. Nguyen, R. Chbeir, E. Exposito, P. Aniorté, & B. Trawiński (Eds.), Lecture Notes in Computer Science: Computational Collective Intelligence. ICCCI 2019 (Vol. 11684). Cham: Springer.

    Google Scholar 

  2. Guenther, C., Johan, S., & Schweizer, D. (2018). Is the crowd sensitive to distance?—How investment decisions differ by investor type. Small Business Economics, 50(2), 289–305.

    Article  Google Scholar 

  3. Gennaioli, N., Ma, Y., & Shleifer, A. (2016). Expectations and investment. NBER Macroeconomics Annual, 30(1), 379–431.

    Article  Google Scholar 

  4. Go, R. S., Munoz, F. D., & Watson, J. P. (2016). Assessing the economic value of co-optimized grid-scale energy storage investments in supporting high renewable portfolio standards. Applied Energy, 183, 902–913.

    Article  Google Scholar 

  5. Muntermann, J. (2007). Event-driven mobile financial information services: Design of an intraday decision support system. Springer Science & Business Media.

    Google Scholar 

  6. Kim, M., & Han, S. (2018). Cognitive social network analysis for supporting the reliable decision-making process. The Journal of Supercomputing, 74(8), 3654–3665.

    Article  Google Scholar 

  7. Chiu, C. M., Hsu, M. H., & Wang, E. T. (2006). Understanding knowledge sharing in virtual communities: An integration of social capital and social cognitive theories. Decision Support Systems, 42(3), 1872–1888.

    Article  Google Scholar 

  8. Elliot, B., & Elliot, J. (2006). Financial accounting and reporting (10th ed.). Essex: Pearson Education Limited.

    Google Scholar 

  9. Tjia, J. S. (2004). Building financial models. A guide to creating and interpreting financial statements. New York: McGraw-Hill.

    Google Scholar 

  10. Jaworski, J. (2012). Informacja finansowa w zarządzaniu małym przedsiębiorstwem Potrzeby - źródła – wykorzystanie. Warsaw: CeDeWu.

    Google Scholar 

  11. Narasimhan, J., Kim, J., Krische, S., & Lee, Ch. (2004). Analyzing the analysts: When do recommendations add value? Journal of Finance, 59, 1083–1124.

    Article  Google Scholar 

  12. Carnot, N., Koen, V., & Tissot, B. (2011). Economic forecasting and policy (2nd ed.). Basingstoke: Palgrave Macmillan.

    Book  Google Scholar 

  13. Arias, M., Arratia, A, & Xuriguera, R. (2013). Forecasting with twitter data. ACM Transactions on Intelligent Systems and Technology, 5(1), 1–24 (2013).

    Google Scholar 

  14. Miasato, V. A., Gonçalves, B., Costa, B. R., & De Carvalho, Silva J. E. (2017). Distributed averaged perceptron for Brazilian Portuguese part-of-speech tagging. In A. Paradisi, A. Godoy Souza Mello, F. F. Lira, & F. R. Carvalho (Eds.), Cognitive technologies. Telecommunications and information technology. Cham: Springer.

    Google Scholar 

  15. Pedrycz, W., & Homenda, W. (2012). From fuzzy cognitive maps to granular cognitive maps. In N. T. Nguyen, K. Hoang, & P. Jȩdrzejowicz (Eds.), Lecture Notes in Computer Science: Computational Collective Intelligence. Technologies and Applications. ICCCI 2012 (Vol. 7653). Berlin, Heidelberg: Springer.

    Google Scholar 

  16. Jutte, B., & van der Wal, C. N. (2016). Cognitive modelling of emotion contagion in a crowd of soccer supporter agents. In N. T. Nguyen, L. Iliadis, Y. Manolopoulos, & B. Trawiński (Eds.), Lecture Notes in Computer Science: Computational Collective Intelligence. ICCCI 2016 (Vol. 9875). Springer, Cham.

    Google Scholar 

  17. Deloitte. https://www2.deloitte.com/insights/us/en/deloitte-review/issue-16/cognitive-technologies-business-applications.html, dostęp: 17.08.2019.

  18. Pilipczuk, O., & Eidenzon, D. (2013). The application of cognitive computer graphics to economic data exploration. Journal of Automation Mobile Robotics and Intelligent Systems, 7.

    Google Scholar 

  19. Owoc, M., Hauke, K., & Weichbroth, P. (2015). Knowledge-grid modelling for academic purposes. In IFIP International Workshop on Artificial Intelligence for Knowledge Management (1–14). Cham: Springer.

    Google Scholar 

  20. Hernes, M. (2014). A cognitive integrated management support system for enterprises. In D. Hwang, J. J. Jung, & N. T. Nguyen (Eds.), Lecture Notes in Computer Science: Computational Collective Intelligence. Technologies and Applications. ICCCI 2014 (Vol. 8733). Cham: Springer.

    Google Scholar 

  21. Franklin, S., Madlb, T., & Strain, S. (2016) A LIDA cognitive model tutorial, W: Biologically Inspired Cognitive Architectures, Biologically Inspired Cognitive Architectures.

    Google Scholar 

  22. Hernes, M. (2015). Information Extraction methods for text documents in a cognitive integrated management information system. In 2015 IEEE 2nd International Conference on Cybernetics (CYBCONF) (pp. 287–292). IEEE.

    Google Scholar 

  23. Hernes, M., & Bytniewski, A. (2017). Knowledge integration in a manufacturing planning module of a cognitive integrated management information system. In N. Nguyen, G. Papadopoulos, P. Jędrzejowicz, B. Trawiński, & G. Vossen (Eds.), Lecture Notes in Computer Science: Computational Collective Intelligence. ICCCI (Vol. 10448). Cham: Springer.

    Google Scholar 

  24. Hernes, M., Maleszka, M., Nguyen, N. T., & Bytniewski, A. (2015, September). The automatic summarization of text documents in the Cognitive Integrated Management Information System. In 2015 Federated Conference on Computer Science and Information Systems (FedCSIS) (pp. 1387–1396). IEEE.

    Google Scholar 

  25. Bytniewski, A., Chojnacka-Komorowska, A., Hernes, M., & Matouk, K. (2015). The implementation of the perceptual memory of cognitive agents in integrated management information system. In New Trends in Intelligent Information and Database Systems (pp. 281–290). Cham: Springer.

    Google Scholar 

Download references

Acknowledgements

The project is financed by the Ministry of Science and Higher Education in Poland under the program “Regional Initiative of Excellence” 2019—2022 project number 015/RID/2018/19 total funding amount 10 721 040,00 PLN.

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Marcin Hernes .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2020 Springer Nature Switzerland AG

About this chapter

Check for updates. Verify currency and authenticity via CrossMark

Cite this chapter

Oleksyk, P., Hernes, M., Nita, B., Dudycz, H., Kozina, A., Janus, J. (2020). Supporting Investment Decisions Based on Cognitive Technology. In: Hernes, M., Rot, A., Jelonek, D. (eds) Towards Industry 4.0 — Current Challenges in Information Systems. Studies in Computational Intelligence, vol 887. Springer, Cham. https://doi.org/10.1007/978-3-030-40417-8_3

Download citation

Publish with us

Policies and ethics