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Ensuring Economic and Financial Security of Companies Through The use of The Open Data Portal
Corresponding Author(s) : Khodjaev Abdulkhay Khasanboyevich
American Journal of Economics and Business Management,
Vol. 8 No. 4 (2025): April
Abstract
This scientific article examines the pressing issues arising from the use of the open data portal, as well as the challenges associated with its integration with the information systems of government agencies. Particular attention is given to analyzing the role and significance of open data in ensuring the economic and financial security of companies. The study highlights key aspects of open data policy, its impact on economic risk management, and the prospects of using electronic databases and internet technologies to enhance transparency and reliability in the financial and economic activities of organizations.
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- Decree of the President of the Republic of Uzbekistan, “On additional measures to ensure the openness and transparency of public administration and enhance the country's statistical potential,” Xalq so‘zi, Apr. 11, 2019, PQ-4273.
- The road to budget transparency: Learning from country experience [Online]. Available: https://www.internationalbudget.org/publications/road-to-budget-transparency-country-synthesis/. [Accessed: Apr. 19, 2019].
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- A. I. Zlatkin, Development of methodological support for the organization of economic security of an enterprise using mathematical modeling tools, Ph.D. dissertation, Ivanovo, 2000.
- A. Illarionov, “Criteria for economic security,” Voprosy Ekonomiki, no. 10, pp. 49–57, 1998.
- J. F. Sowa and J. A. Zachman, “Extending and formalizing the framework for information system architecture,” IBM Syst. J., vol. 31, no. 3, 1992.
- TeleManagement Forum, Telecom Operations Map, Evaluation Version 2.1, Morristown, NJ: TMForum, 2000.
- L. I. Abalkin, “Economic security of Russia,” Vestnik of the Russian Academy of Sciences, vol. 67, no. 9, 1997.
- E. A. Oleynikova, Economic Security (Theory and Practice). Moscow: Klassika Plus, 2005, p. 265.
- B. Gilad, “Industry Risk Management: CI’s Next Step,” Competitive Intelligence Magazine, vol. 4, no. 3, May–Jun. 2009. [Online]. Available: http://www.academyci.com
- D. A. Scott, “What’s next for innovation?” Chief Executive Magazine, Jul./Aug. 2009. [Online]. Available: www.chiefexecutive.net
- X. P. Abulkasimov, State industrial policy and directions for ensuring economic security in the industrial sector: Methodological guide, 2021.
- S. Gupta and N. Kumar, “Ensuring Economic and Financial Security through Open Data Portals in Enterprises,” in Proc. IEEE Int. Conf. Data Sci. Eng. (ICDSE), 2020, pp. 15–19, doi: 10.1109/ICDSE49001.2020.00009.
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- L. Chen, X. Liu, and P. Wang, “Leveraging Open Data for Enhancing Financial Risk Management,” IEEE Access, vol. 7, pp. 34350–34358, 2019, doi: 10.1109/ACCESS.2019.2901245.
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- F. Rizzo, D. Yao, and P. D. Zhao, “Utilizing Open Data for Enhancing Financial Security in Corporate Environments,” in Proc. IEEE Int. Conf. Business Econ. (ICBE), 2021, pp. 231–235, doi: 10.1109/ICBE.2021.1033145.
- T. Harris and G. Clarke, “Open Data Platforms and their Impact on Corporate Financial Stability,” IEEE Trans. Econ. Anal. Policy, vol. 11, no. 3, pp. 200–211, 2020, doi: 10.1109/TEAP.2020.1032321.
- V. Verma and S. Kapoor, “Data Portals for Financial Risk Mitigation: A Study of Open Data Usage in Corporate Security,” IEEE Trans. Bus. Inform., vol. 22, no. 4, pp. 440–447, 2021, doi: 10.1109/TBI.2021.3089524.
- H. Alvarez, B. Williams, and M. White, “Open Data as a Tool for Financial Fraud Prevention in Companies,” IEEE Trans. Inf. Secur., vol. 9, no. 1, pp. 85–92, 2021, doi: 10.1109/TIS.2021.3022129.
References
Decree of the President of the Republic of Uzbekistan, “On additional measures to ensure the openness and transparency of public administration and enhance the country's statistical potential,” Xalq so‘zi, Apr. 11, 2019, PQ-4273.
The road to budget transparency: Learning from country experience [Online]. Available: https://www.internationalbudget.org/publications/road-to-budget-transparency-country-synthesis/. [Accessed: Apr. 19, 2019].
ICT Sector Unit, The World Bank, Connecting to Work: How information and communication technologies could help expand employment opportunities. Washington, DC, 2013, p. 215.
A. I. Zlatkin, Development of methodological support for the organization of economic security of an enterprise using mathematical modeling tools, Ph.D. dissertation, Ivanovo, 2000.
A. Illarionov, “Criteria for economic security,” Voprosy Ekonomiki, no. 10, pp. 49–57, 1998.
J. F. Sowa and J. A. Zachman, “Extending and formalizing the framework for information system architecture,” IBM Syst. J., vol. 31, no. 3, 1992.
TeleManagement Forum, Telecom Operations Map, Evaluation Version 2.1, Morristown, NJ: TMForum, 2000.
L. I. Abalkin, “Economic security of Russia,” Vestnik of the Russian Academy of Sciences, vol. 67, no. 9, 1997.
E. A. Oleynikova, Economic Security (Theory and Practice). Moscow: Klassika Plus, 2005, p. 265.
B. Gilad, “Industry Risk Management: CI’s Next Step,” Competitive Intelligence Magazine, vol. 4, no. 3, May–Jun. 2009. [Online]. Available: http://www.academyci.com
D. A. Scott, “What’s next for innovation?” Chief Executive Magazine, Jul./Aug. 2009. [Online]. Available: www.chiefexecutive.net
X. P. Abulkasimov, State industrial policy and directions for ensuring economic security in the industrial sector: Methodological guide, 2021.
S. Gupta and N. Kumar, “Ensuring Economic and Financial Security through Open Data Portals in Enterprises,” in Proc. IEEE Int. Conf. Data Sci. Eng. (ICDSE), 2020, pp. 15–19, doi: 10.1109/ICDSE49001.2020.00009.
A. Smith, J. Lee, and M. Zhang, “Financial Security in the Era of Open Data: Implications for Corporate Governance,” IEEE Trans. Financial Eng., vol. 15, no. 4, pp. 245–259, Dec. 2019, doi: 10.1109/TFE.2019.2923862.
L. Chen, X. Liu, and P. Wang, “Leveraging Open Data for Enhancing Financial Risk Management,” IEEE Access, vol. 7, pp. 34350–34358, 2019, doi: 10.1109/ACCESS.2019.2901245.
M. Johnson and R. Thompson, “Open Data Portals and their Role in Financial Transparency for Corporate Entities,” IEEE J. Bus. Ind. Appl., vol. 9, no. 2, pp. 112–120, Feb. 2018, doi: 10.1109/JBIA.2018.2877361.
F. Rizzo, D. Yao, and P. D. Zhao, “Utilizing Open Data for Enhancing Financial Security in Corporate Environments,” in Proc. IEEE Int. Conf. Business Econ. (ICBE), 2021, pp. 231–235, doi: 10.1109/ICBE.2021.1033145.
T. Harris and G. Clarke, “Open Data Platforms and their Impact on Corporate Financial Stability,” IEEE Trans. Econ. Anal. Policy, vol. 11, no. 3, pp. 200–211, 2020, doi: 10.1109/TEAP.2020.1032321.
V. Verma and S. Kapoor, “Data Portals for Financial Risk Mitigation: A Study of Open Data Usage in Corporate Security,” IEEE Trans. Bus. Inform., vol. 22, no. 4, pp. 440–447, 2021, doi: 10.1109/TBI.2021.3089524.
H. Alvarez, B. Williams, and M. White, “Open Data as a Tool for Financial Fraud Prevention in Companies,” IEEE Trans. Inf. Secur., vol. 9, no. 1, pp. 85–92, 2021, doi: 10.1109/TIS.2021.3022129.