Big Data in financial analysis: new horizons and trends

Abstract

This work is devoted to the study of the prerequisites for the emergence of such a phenomenon in the field of working with information as Big Data, the definition of its quantitative and qualitative characteristics, the study of methods and principles of working with large amounts of data. Both the positive and negative sides of this category of information are highlighted, and the risks associated with its imperfection are analyzed. The study is based on the relationship with the field of financial analysis, and shows the impact of management decisions based on it using Big Data, both on the work of the enterprise and on individual sectors of the economy in which it carries out business activities. Acquiring the necessary skills and techniques for processing big data will not only secure the organization and the economic spheres of society, but also reach a completely different qualitative level of analytics, which can also contribute to Russian science.