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Case Study on Transforming Financial Decision-Making with Big Data and Advanced Analytics

Year: 2024

Type: article

Abstract: This case study examines the transformative impact of big data, artificial intelligence (AI), and machine learning (ML) on financial decision-making. These technologies enable more informed, data-driven investment strategies and improved risk management by providing real-time insights and predictive analytics. While they enhance key performance metrics such as return on investment (ROI) and portfolio stability, challenges remain. Issues like data quality, skill gaps, and regulatory compliance hinder seamless integration. Addressing these challenges is essential to fully unlocking the potential of advanced analytics in the finance sector.

Source: International Journal For Multidisciplinary Research

DOI: 10.36948/ijfmr.2024.v06i05.29218

Authors: Bharathi V Kalmath -, Shaista Banu Harris -, Akshay A -, Shivshankarachar Y -, Kruthi V P -

Language: English

Topic: Big Data and Business Intelligence

Subfield: Management Information Systems

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: hybrid

OpenAlex ID: W4403862718

FWCI: 0.479

Cites:

Cited by: 1

Related to: 10