Funding Scheme

RGC Inter-institutional Development Scheme

Project Title

Recent Developments in Business Analytics and New Research Directions

Project Team (HSMC Staff) 

Dr Amanda CHU, Department of Mathematics and Statistics (PI)

Dr Benson LAM, Department of Mathematics and Statistics (Co-I)

Other Collaborating Parties

School of Professional Education and Executive Development (SPEED)

The Open University of Hong Kong

The Hong Kong University of Science and Technology

Project Period

1-1-2018 to 31-12-2018 (on-going)

Funding Amount (HKD)

403,750

 Abstract

Business analytics, which involves the use of statistical analysis, mathematical models, and information technology, has emerged as an important research area. Its range of applications encompasses such varied fields as finance and economics, risk management, information systems, marketing, and retail.

 

The aims of the proposed project are to foster research and academic collaboration among tertiary institutions, to inspire faculty members and other participants in developing ideas and research areas in the field of business analytics research, and to provide students with advanced business analytics knowledge by bringing together a wide range of knowledge in the areas of applied statistics, information management, and modelling.

 

The proposed project will invite renowned researchers from the statistics and information technology/systems fields to share their insights in four hot areas in business analytics. It will include five research workshops held on non-consecutive days, which will be open to all institutions and the public. Each workshop will have a main theme and will consist of around three talks. Two workshops will focus on financial/economic analytics, one on risk analytics, one on social media analytics, and one on machine learning and big data analytics.

 

To encourage the exchange of research ideas and foster research collaboration, speakers will be invited from all over the world. To further facilitate research idea exchange and collaboration, each workshop will also include a consultation session during which faculty members and other participants can meet with speakers and seek advice on developing ideas and writing academic papers in this field. The consultation sessions will be especially important channels for junior faculty to develop research ideas and engage in research collaboration.