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The Functionalities of Cognitive Technology in Management Control System

  • Andrzej Bytniewski
  • Kamal Matouk
  • Anna Chojnacka-Komorowska
  • Marcin HernesEmail author
  • Adam Zawadzki
  • Agata Kozina
Conference paper
  • 264 Downloads
Part of the Lecture Notes in Computer Science book series (LNCS, volume 12034)

Abstract

Cognitive technologies are an important factor accelerating the development of business and society. They are an artificial intelligence tool with cognitive skills enabling learning through empirical experience acquired through direct interaction with the environment. The application of these technologies in the management control system enriches it with the functions of automatic analysis of real data mapping business processes that are implemented at all levels of management. The aim of this paper is to analyze the functionalities of cognitive technology for the intelligent knowledge processing process by the management control system. To achieve this goal, the following research methods were used: literature analysis, observation of phenomena, deduction, and induction. The main results of researches are conclusions that cognitive technology should be used, among other, for realize following functions: automatic creation of a new strategic and operating budget plan, automatic real-time conversion of budgets in case of a change in the organizational structure of the enterprise, automatic deviations control, interpretation and identification the causes of deviations.

Keywords

Management control system Artificial intelligence Cognitive technology Integrated management information system Enterprise resource planning Industry 4.0 

Notes

Acknowledgment

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

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Copyright information

© Springer Nature Switzerland AG 2020

Authors and Affiliations

  1. 1.Wroclaw University of Economics and BusinessWroclawPoland

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