Business Management

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  SOFTWARE SOLUTIONS FOR MANAGING PROJECTS CO-FINANCED UNDER THE EUROPEAN UNION’S OPERATIONAL PROGRAMMES

  This article is dedicated to the problems of software solutions used for managing projects. A task like this one is full of many challenges because, on one hand, on the market there are many versions of software platforms developed for managing projects. On the other hand, the projects co-financed by the Operational Programmes of the European ... This article is dedicated to the problems of software solutions used for managing projects. A task like this one is full of many challenges because, on one hand, on the market there are many versions of software platforms developed for managing projects. On the other hand, the projects co-financed by the Operational Programmes of the European Union are very specific. These peculiarities are related mainly to the complexity of the documentation combined with the need of serious financial planning of the interim and final reports. Adhering to task schedules is a key moment in planning and returning of funds. The development of the research topic includes a description and an analysis of software solutions that are often used for managing projects. The article also provides a comparative analysis of project management software features based on a defined number of criteria and indicators. The findings of this analysis permit the formulation of recommendations for the development of new systems, which will allow users to manage the funds received under EU projects adequately, and according to schedules.

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  CHALLENGES FOR ENSURING THE DATA SECURITY OF COMMERCIAL BANKS

  The introduction of new information and communication technology into banking has radically altered the essence and character of banking activity. Alongside the competitive advantages and the direct economic effect of the advent of high-tech innovation in the banking sector, credit institutions are facing a number of challenges, one of them being ... The introduction of new information and communication technology into banking has radically altered the essence and character of banking activity. Alongside the competitive advantages and the direct economic effect of the advent of high-tech innovation in the banking sector, credit institutions are facing a number of challenges, one of them being to ensure the security of their products and related information. The main objective of this research is to elucidate the nature, instances, and methods of managing data security in commercial banks. An emphasis is put on some sources of operational risk in commercial banks which have a direct impact on the potentially growing risk in terms of data security. The research also focuses on the role of bank management in governing that process, as well as the methods and mechanisms for reducing the occurrence of the risk related to information security.

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  AN ANALYSIS OF THE SOFTWARE SOLUTIONS FROM THE WORLD’S IAAS CLOUD SERVICES PROVIDERS

  Over the last few years, interest in renting Cloud Infrastructure as a Service (IaaS) has increased and this has led to the development of many new solutions of this class. The competition on this market resulted in serious changes in the business strategies of the providers of IaaS cloud services. We are witnessing an incredibly dynamic ... Over the last few years, interest in renting Cloud Infrastructure as a Service (IaaS) has increased and this has led to the development of many new solutions of this class. The competition on this market resulted in serious changes in the business strategies of the providers of IaaS cloud services. We are witnessing an incredibly dynamic development of the IaaS market. This requires the thorough analysis of the current possibilities of the providers of such products and the direction in which they will be developing in the near future. The objectives of the present article are to analyse the characteristics, advantages and disadvantages of the IaaS solutions of the world’s leading providers of cloud services and to offer recommendations with reference to choosing an effective cloud configuration. To achieve the set goals, the study has used the Gartner’s Magic Quadrant research methodology; has collected and summarised data from the studied providers of IaaS cloud services and, based on these results has outlined parameters that can be used to analyse, compare and assess the leading world IaaS solutions.