Imagine you're an entrepreneur looking to validate the financial potential of your business ideas. The challenge is real: how do you measure if a business model is economically feasible before you even start? Enter a new method that merges business models and business processes for a comprehensive c
Data science has become a buzzword in both the scientific and business worlds. Big names like CERN, Google, and Walmart rely on data to make predictions and stay competitive. But what is data science really about? It's a combination of different fields like statistics, computer science, and business
John Desmond Bernal, a leading figure in molecular biology, is known as the father of the Science of Science. His book, The Social Function of Science, laid the groundwork for this field. Let's dive into four key aspects of his ideas: the historical and social viewpoint, theoretical models, combinin
In Indonesia, a unique experiment was carried out on Twitter to see if celebrities can truly influence people's beliefs about vaccines. The study involved 46 famous figures and organizations, with a combined following of 7. 8 million. These celebrities agreed to randomly tweet or retweet messages pr
Indonesia sees more small businesses every year, but Sharia banks aren't keeping up. They're financing fewer small businesses, even though total deposits are growing. This study looks into how much money comes from outsiders (third parties) affects how much Sharia banks lend to small businesses. It
Ever thought about how traders keep their trades going without adding extra money? Welcome to the world of self-financing trading! This concept is a big deal in Quantitative Finance. It was first introduced by Harrison and Kreps in 1979 and expanded by Harrison and Pliska in 1981. In simple terms, s
Financial crimes, though hidden, are a big deal. But predictive policing tools often miss them. That's where the Early Warning System for White-Collar Crime (EWSWC) steps in. This clever tool uses smart tech to spot areas ripe for financial crime. It's like a super sleuth for money crooks. Predicti
Supply Chain Finance plays a key role in boosting competition within the supply chain and helps to move money around efficiently. It often involves services like financing accounts receivable, managing risks, and optimizing supply chain operations. Over the past decade, Blockchain technology has gai
Imagine you're exploring the world of finance, but this time, you're not dealing with probabilities. We're talking about a new approach called causal functional calculus. This method focuses on the paths taken by financial assets, not just their possible outcomes. One key idea here is something cal
Artificial Intelligence (AI) has been transforming the finance world for years, using both classic and modern techniques. Let's dive into the challenges, methods, and opportunities that AI brings to finance. First, let's look at the landscape of finance and the data it deals with. Finance businesse
