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Big Data Revolution in Finance: Opportunities, Challenges, and Future Trends
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Abstract
In today’s digital era, big data has emerged as one of the most exciting and potentially transformative technological innovations in the financial sector. Its rise has not only altered our understanding of financial markets and institutions but also presented unprecedented opportunities and challenges to the financial industry. As financial transactions, customer interactions, and market behaviors continue to digitize, financial institutions are actively exploring how to harness the power of big data to gain a competitive edge and enhance decision-making. This paper delves into the significance of big data in the financial sector and effective development strategies, analyzing its real-world impact on the industry. It aims to provide valuable insights to financial practitioners, decision-makers, and researchers on how to leverage big data to achieve financial objectives.
Keywords
Big Data, Financial Sector, Risk Management, Customer Insights, Market Analysis
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Cite this article
Shao,Z. (2024). Big Data Revolution in Finance: Opportunities, Challenges, and Future Trends. Advances in Economics, Management and Political Sciences,84,71-76.
Data availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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Volume title: Proceedings of the 2nd International Conference on Management Research and Economic Development
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