Real-Time Analysis of Online Sources for Supporting Business Intelligence Illustrated with Bitcoin Investments and IoT Smart-Meter Sensors in Smart Cities

Real-time data management analytics involve capturing data in real-time and, at the same time, processing data in a light way to provide an effective real-time support. Real-time data management analytics are key for supporting decisions of business intelligence. The proposed approach covers all the...

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Main Authors: Iván García-Magariño, Moustafa M. Nasralla, Shah Nazir
Format: Article
Language:English
Published: MDPI AG 2020-07-01
Series:Electronics
Subjects:
Online Access:https://www.mdpi.com/2079-9292/9/7/1101
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author Iván García-Magariño
Moustafa M. Nasralla
Shah Nazir
author_facet Iván García-Magariño
Moustafa M. Nasralla
Shah Nazir
author_sort Iván García-Magariño
collection DOAJ
description Real-time data management analytics involve capturing data in real-time and, at the same time, processing data in a light way to provide an effective real-time support. Real-time data management analytics are key for supporting decisions of business intelligence. The proposed approach covers all these phases by (a) monitoring online information from websites with Selenium-based software and incrementally conforming a database, and (b) incrementally updating summarized information to support real-time decisions. We have illustrated this approach for the investor–company field with the particular fields of Bitcoin cryptocurrency and Internet-of-Things (IoT) smart-meter sensors in smart cities. The results of 40 simulations on historic data showed that one of the proposed investor strategies achieved 7.96% of profits on average in less than two weeks. However, these simulations and other simulations of up to 69 days showed that the benefits were highly variable in these two sets of simulations (respective standard deviations were 24.6% and 19.2%).
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spelling doaj.art-fcd8698511e74dd4914c071ec758fcbd2023-11-20T06:00:24ZengMDPI AGElectronics2079-92922020-07-0197110110.3390/electronics9071101Real-Time Analysis of Online Sources for Supporting Business Intelligence Illustrated with Bitcoin Investments and IoT Smart-Meter Sensors in Smart CitiesIván García-Magariño0Moustafa M. Nasralla1Shah Nazir2Department of Software Engineering and Artificial Intelligence, Complutense University of Madrid, 28040 Madrid, SpainDepartment of Communications and Networks Engineering, Prince Sultan University, Riyadh 11586, Saudi ArabiaDepartment of Computer Science, University of Swabi, Khyber Pakhtunkhwa 23430, PakistanReal-time data management analytics involve capturing data in real-time and, at the same time, processing data in a light way to provide an effective real-time support. Real-time data management analytics are key for supporting decisions of business intelligence. The proposed approach covers all these phases by (a) monitoring online information from websites with Selenium-based software and incrementally conforming a database, and (b) incrementally updating summarized information to support real-time decisions. We have illustrated this approach for the investor–company field with the particular fields of Bitcoin cryptocurrency and Internet-of-Things (IoT) smart-meter sensors in smart cities. The results of 40 simulations on historic data showed that one of the proposed investor strategies achieved 7.96% of profits on average in less than two weeks. However, these simulations and other simulations of up to 69 days showed that the benefits were highly variable in these two sets of simulations (respective standard deviations were 24.6% and 19.2%).https://www.mdpi.com/2079-9292/9/7/1101real-time data managementIoTsmart cityBitcoinbusiness intelligenceinvestor strategy
spellingShingle Iván García-Magariño
Moustafa M. Nasralla
Shah Nazir
Real-Time Analysis of Online Sources for Supporting Business Intelligence Illustrated with Bitcoin Investments and IoT Smart-Meter Sensors in Smart Cities
Electronics
real-time data management
IoT
smart city
Bitcoin
business intelligence
investor strategy
title Real-Time Analysis of Online Sources for Supporting Business Intelligence Illustrated with Bitcoin Investments and IoT Smart-Meter Sensors in Smart Cities
title_full Real-Time Analysis of Online Sources for Supporting Business Intelligence Illustrated with Bitcoin Investments and IoT Smart-Meter Sensors in Smart Cities
title_fullStr Real-Time Analysis of Online Sources for Supporting Business Intelligence Illustrated with Bitcoin Investments and IoT Smart-Meter Sensors in Smart Cities
title_full_unstemmed Real-Time Analysis of Online Sources for Supporting Business Intelligence Illustrated with Bitcoin Investments and IoT Smart-Meter Sensors in Smart Cities
title_short Real-Time Analysis of Online Sources for Supporting Business Intelligence Illustrated with Bitcoin Investments and IoT Smart-Meter Sensors in Smart Cities
title_sort real time analysis of online sources for supporting business intelligence illustrated with bitcoin investments and iot smart meter sensors in smart cities
topic real-time data management
IoT
smart city
Bitcoin
business intelligence
investor strategy
url https://www.mdpi.com/2079-9292/9/7/1101
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