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Magazine article (E&M - 2021/2) da Empoli Stefano

The Reason of Optimism in Italy

To translate the potential advantage over foreign competitors into a reality, Italian businesses need to make an organizational change and strengthen their abilities in the sector of artificial intelligence; while important players for the economy such as institutions and business representatives must increase their efforts to provide all of the support necessary for the required technological upgrade. ...

Magazine article (E&M - 2021/2) Cillo Paola, Rubera Gaia

How to Create Value with the Data Economy

The true advantage of big data does not lie so much in the quantity of data recorded by a software or application, but in its ability to provide extremely detailed information on an individual. This distinctive element is the basis of the data-driven economy in which we are immersed. Big data is the fuel of the economy and scientific development, which is why it is necessary to guarantee access to ...

Magazine article (E&M - 2020/1) Coda Vittorio

We Are the Business

The imperative of every good entrepreneur, administrator, and manager is to give adequate space to reflection on what, how, and why to do business, concentrating on the construction of a “strong” market position and on the creation of an organizational context and environment able to generate cohesiveness, motivation, and energy.Moreover, for the economic and cultural development of Italy, it ...

Magazine article (E&M - 2021/2) Amatori Franco

Nationalizations and Privatizations from a Historical Perspective

In Italy, the mixture between public and private has been an unavoidable characteristic in the nation's path of economic modernization. Between the nineteenth and twentieth centuries, state initiative gave concrete form to the unification of the country, providing indispensible infrastructure. The companies in the IRI group were then the protagonists of the "economic miracle," in which the attitude ...

Magazine article (E&M - 2021/2) Conti Cesare

The Management of Financial Risks in Private Equity Funds

The management of financial risks in private equity (PE) funds aims to protect the internal rate of return (IRR) expected from investment in PCs due to unexpected variations in interest rates and exchange rates. The protection of the IRR requires a coordinated intervention on EBITDA, the EV/EBITDA multiple, and NFP.#The concrete possibility of planning and implementing financial risk management depends ...

Magazine article (E&M - 2021/2) Caselli Stefano

Banks and Markets: Why They are Tools of Economic Policy

Markets and financial investments play a decisive role in favoring growth, that economic policy choices must permanently encourage. First of all, it is necessary to promote the use of the financial market and investor interventions (private equity, venture capital, PIR, ELTIF) in support of business equity.#Any public interventions in the economy must always have an explicit timeframe and a logic ...

Magazine article (E&M - 2021/2) Pedronetto Paolo

The Benefits of Algorithms in Business Organization

Organizations must increasingly invest in tools and projects that allow for constructing algorithms necessary for the effective management of HR processes. Data is available through a great variety of sources: if combined and analyzed, it can create a rich and more detailed understanding of what employees want and how they can act to improve their performance. The human resources department is an ...

Magazine article (E&M - 2021/2) Artoni Roberto

The Bumpy Road of the Exit from the Mixed Economy

The divestment of the companies held by IRI did not require any additional intervention in terms of public finance, demonstrating their evident condition of good health. The privatizations were also driven by an essentially financial logic: the state sought high and immediate financial proceeds, but often without an in-depth evaluation of the quality of the buyers or the consequences of the divestments ...

Magazine article (E&M - 2021/2) Molteni Luca, Poli Maurizio

Data Scientists: Who They Are, What They Do, and How They Do It

An analysis of the data collected by the Kaggle platform for data science has shown that the figure of the data scientist is present uniformly in India, the rest of Asia, Europe, and North America, principally in the 25 to 34 age bracket; Python is the language largely preferred by data scientists; and the introduction into companies of models based on machine learning techniques is still very limited, ...

Magazine article (E&M - 2021/2) Omarini Anna

Challenges and Solutions for the Banking Sector

The application of artificial intelligence solutions in the banking sector will have various consequences in terms of: creation of new economies and professions; increase of worker productivity; creation of new modes of working; and requalification of old abilities and skills of employees. The public and private stakeholders in the banking sector (including the European Commission) increasingly express ...