Data science and big data analytics in financial services: a case study
Edited book (chapter)
Chapter Title | Data science and big data analytics in financial services: |
---|---|
Book Chapter Category | Edited book (chapter) |
ERA Publisher ID | 2177 |
1404 | |
Book Title | Handbook of research on driving competitive advantage through sustainable, lean, and disruptive innovation |
Authors | Behari, Suren (Author), Cater-Steel, Aileen (Author) and Soar, Jeffrey (Author) |
Editors | Al-Hakim, Latif, Wu, Xiaobo, Koronios, Andy and Shou, Yongyi |
Page Range | 396-423 |
Series | Advances in Business Strategy |
Chapter Number | 17 |
Number of Pages | 28 |
Year | 2016 |
Publisher | IGI Global |
Business Science Reference | |
Place of Publication | Hershey, PA, united States |
ISBN | 9781522501350 |
9781522501367 | |
Digital Object Identifier (DOI) | https://doi.org/10.4018/978-1-5225-0135-0.ch017 |
Web Address (URL) | http://www.igi-global.com/book/handbook-research-driving-competitive-advantage/142171 |
Abstract | The chapter discusses how Financial Services organizations can take advantage of Big Data analysis for disruptive innovation through examination of a case study in the financial services industry. Popular tools for Big Data Analysis are discussed and the challenges of big data are explored as well as how these challenges can be met. The work of Hayes-Roth in Valued Information at the Right Time (VIRT) and how it applies to the case study is examined. Boyd’s model of observe, orient, decide and act (OODA) is explained in relation to disruptive innovation in financial services. Future trends in big data analysis in the financial services domain are explored. |
Keywords | big data analysis, financial services |
ANZSRC Field of Research 2020 | 460599. Data management and data science not elsewhere classified |
Public Notes | Files associated with this item cannot be displayed due to copyright restrictions. |
Byline Affiliations | School of Management and Enterprise |
Institution of Origin | University of Southern Queensland |
https://research.usq.edu.au/item/q3zv6/data-science-and-big-data-analytics-in-financial-services-a-case-study
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