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Journal of Business Management and Technology Advancement
2025, Volume 3, Issue 1 : 1-6
Research Article
Big Data Applications in Financial Management
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1
Department of Finance and Business Analytics, Global School of Management, Boston, USA
2
Center for Financial Technology and Digital Innovation, University of Manchester, United Kingdom
3
Department of Information Systems and Financial Management, International Institute of Technology and Business, Singapore
Abstract

The rapid growth of digital technologies has generated unprecedented volumes of financial and non-financial data, creating new opportunities for data-driven decision-making in financial management. Big Data refers to large, complex, and rapidly generated datasets that exceed the capabilities of traditional data processing systems. Financial institutions and organizations increasingly utilize Big Data technologies to improve forecasting, risk management, fraud detection, investment decision-making, customer analytics, and operational efficiency. This study examines the applications of Big Data in financial management, exploring its technological foundations, strategic benefits, implementation challenges, and future developments. The findings indicate that Big Data significantly enhances organizational agility, predictive capabilities, financial performance, and competitive advantage. However, challenges related to data privacy, cybersecurity, governance, integration, and analytical expertise remain important concerns. The study concludes that Big Data analytics is becoming a critical capability for modern financial management and sustainable business growth.

 

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