Machine Learning-Based Business Trend Analysis for Informed SME Investment Decisions

The success of a business hinges on effective planning and management. Business planning, which must be meticulously studied and analyzed, forms the foundation for this success. In this research, Machine Learning and data mining techniques such as Multilayer Perceptron and Linear Regression were employed to analyze trends in three service sectors: Accommodation, Food and Beverage Services, and Travel businesses from 2016 to 2021, using data from the Office of Small and Medium Enterprises Promotion (OSMEP). The results of the three-year forecast reveal compelling insights. Businesses with total assets up to 1 million baht show promising prospects in the guest house sector (67%). For businesses with assets ranging from 1 to 10 million baht, student room services lead with an 81% rating. Non-alcoholic beverage businesses with assets exceeding 10 million baht demonstrate strong potential at 83%. In the medium-sized category, hotels and resorts perform well at 71%, while large-scale food restaurants lead with a 75% rating.

Authors

Institutions

Publication Details

Published
2024-11-14
DOI
https://doi.org/10.1109/incit63192.2024.10810570
Primary Topic
Impact of AI and Big Data on Business and Society
Type
article
Field-Weighted Citation Impact
0.00
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

Machine Learning-Based Business Trend Analysis for Informed SME Investment Decisions

Thongchai Kaewkiriya
Impact of AI and Big Data on Business and Society
article

Machine Learning-Based Business Trend Analysis for Informed SME Investment Decisions

Thongchai Kaewkiriya
article en

Abstract

The success of a business hinges on effective planning and management. Business planning, which must be meticulously studied and analyzed, forms the foundation for this success. In this research, Machine Learning and data mining techniques such as Multilayer Perceptron and Linear Regression were employed to analyze trends in three service sectors: Accommodation, Food and Beverage Services, and Travel businesses from 2016 to 2021, using data from the Office of Small and Medium Enterprises Promotion (OSMEP). The results of the three-year forecast reveal compelling insights. Businesses with total assets up to 1 million baht show promising prospects in the guest house sector (67%). For businesses with assets ranging from 1 to 10 million baht, student room services lead with an 81% rating. Non-alcoholic beverage businesses with assets exceeding 10 million baht demonstrate strong potential at 83%. In the medium-sized category, hotels and resorts perform well at 71%, while large-scale food restaurants lead with a 75% rating.

Bangkok University (TH)
Openalex Percentile: Top 70%
Impact of AI and Big Data on Business and Society
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.

Machine Learning-Based Business Trend Analysis for Informed SME Investment Decisions — Thongchai Kaewkiriya · (2024) | TGRS Research Map | TGRS