Discussion on the Informatization of Financial Management in the Context of the Big Data Era
Finance and Accounting, University of London, London WC1E7HU,
| Abstract: | In the ever-evolving big data era, the financial industry in our country has been demonstrating a consistent and positive growth trend. The brisk pace of development in the financial sector has also cast a spotlight on the importance of robust financial management. One of the key tools in effective financial management is a sophisticated financial information construction system. By building and enhancing such a system, we can facilitate the stable growth of the financial industry and ensure its sustainability. This is a particularly important approach in the age of big data, given its capacity to handle vast amounts of information and extract valuable insights from it. The focus of this article is to elucidate the crucial role that information construction plays in financial management. It explores some of the challenges and shortcomings that currently exist in the construction process, which are potential impediments to the system's efficacy. To address these issues, it is imperative to start by refining and augmenting the financial credit system and the financial economic policies. The article proposes a number of pertinent measures for the development of financial management information, which are designed to cleanse the environment of Internet finance. These measures would not only address the existing issues but also ensure that the system is future-proof, capable of responding effectively to the ever-increasing complexity and sophistication of financial transactions and regulations. The article serves as a guide for policy makers, financial managers, and other stakeholders in the financial industry to understand the importance of information construction in financial management and the steps that can be taken to enhance its effectiveness. It emphasizes the need for the financial industry to keep pace with the technological advancements and leverage them to stay competitive and relevant in the digital age. The insights and recommendations presented in this article are based on thorough research and analysis, and they aim to contribute to the ongoing discussions on how to harness the power of big data for the benefit of the financial industry. |
| Keywords: | Big Data Era; Financial Management; Informatization; Discussion |
| DOI: | 10.57237/j.wjeb.2023.01.002 |
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Received: 4 September 2023
Accepted: 6 November 2023
Published Online: 15 November 2023
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