Development of business analytics systems and their application in managing financial risks in the raw materials sector of the BRICS countries' economy
Subject. Expansion of economic cooperation within BRICS, use of digital systems in risk assessment. Objectives. Improvement of tools for comprehensive assessment of financial risks associated with the activities of commodity companies. Methods. Comparative analysis, business process modeling. Results. An architecture of an integrated business analytics system has been developed, integrating external and internal data for building predictive models. Key financial risks for the raw materials sector of the BRICS countries' economies have been identified. Conclusions. The use of a business analytics system within the framework of risk management of raw material companies in BRICS countries will contribute to increasing the competitiveness and financial stability of the alliance.
Keywords: business analytics, financial risks, commodity sector, BRICS, data management
References:
Fedotova A.V., Dvornikova Yu.V. [Financial integration of the BRICS countries: current infrastructure, risks and opportunities for future development of joint payments]. Vestnik Altaiskoi akademii ekonomiki i prava, 2024, no. 12, part 1, pp. 136–141. (In Russ.) EDN: EUBVFS
Bunich G.A. [Prospects for the formation of the BRICS countries’ settlement system]. Ekonomika i upravlenie: problemy, resheniya, 2024, vol. 5, iss. 4, pp. 54–61. (In Russ.) EDN: FDGXNW
Gudz S.S., Tsukanova O.A. [BI-systems as a data-driven enterprise management tool]. Peterburgskii ekonomicheskii zhurnal, 2024, no. 2, pp. 124–134. (In Russ.) EDN: HBGZNY
Shlychkov V.V. [Implementation of the decisions of the XVI BRICS Summit (Kazan) as a mechanism for effectively countering external threats to Russia's economic security]. Vestnik ekonomiki, prava i sotsiologii, 2024, no. 4, pp. 121–126. EDN: BWMGPX
Zareznov D.A. [The Russian economy 2025 – current geo-economic and geopolitical security threats]. Vestnik ekonomiki, prava i sotsiologii, 2024, no. 4, pp. 45–49. (In Russ.) EDN: QJACRL
Morozov I.V., Shlychkov V.V. [Economic security of the regional socioeconomic system and the mechanism for achieving its preferred state]. Vestnik ekonomiki, prava i sotsiologii, 2024, no. 3, pp. 35–39. (In Russ.) EDN: GQMOEL
Antonyan A.A. [Prospects for economic integration and development of BRICS countries in the modern global economy]. Teoreticheskaya i prikladnaya ekonomika, 2025, no. 3, pp. 81–97. (In Russ.) EDN: NTGOVZ
