Development of Business Processes in the Energy Sector

Authors

  • Chief Assist. Prof. Dr Petya Biolcheva Department of Industrial Business, Business Faculty, UNWE Author
  • Sotir Ivanov, PhD Student Department of Accounting and Control, Business Faculty, UNWE Author
  • Evgeni Valchev, PhD Student Department of Computer Systems, Faculty of Mathematics and Informatics, Plovdiv University "Paisiy Hilendarski" Author

DOI:

https://doi.org/https://doi.org/10.37075/RP.2022.1.01

Keywords:

Business processes, Process integration, Artificial intelligence, Perspectives, Energy
D83, L95, M21, Q41, Q43

Abstract

The energy sector is among the key sectors of the economy. In order to meet market dynamics, to comply with regulatory requirements and in particular the Green Deal, the sector needs to invest in innovation. To achieve higher quality of the final product is essential to ensure the continuity and the optimality of the business processes taking place in the energy companies. This can be ensured through their complete transformation, introducing them to the “Age of Artificial Intelligence”. This paper tracks the development of business processes and outlines the trend in the following years. It reveals key business processes for energy companies and shows how they can be significantly improved through the capabilities of artificial intelligence. In order to achieve full synchronisation in their management, the way in which they can be integrated is also shown. This ensures the creation of a complete product with clear interconnections and full functionality.

References

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Published

2022-03-30

Issue

Section

Articles

How to Cite

Biolcheva, P., Ivanov, S., & Valchev, E. (2022). Development of Business Processes in the Energy Sector. Research Papers, 1, 13-41. https://doi.org/https://doi.org/10.37075/RP.2022.1.01