Analysis of Problems and Countermeasures in the Application of Big Data Technology in Finance

Yukun Tang

2024

Abstract

With the increasing degree of informatization in the financial industry, customer demand and market environment are becoming increasingly complex, and big data technology applications in the financial sector are now a major factor driving the industry's growth. Based on this, the article analyzes the problems and countermeasures in the application of big data technology in finance. The application of big data technology in the financial field faces four problems, namely, data quality problems, data privacy and security problems, data silos and collaboration challenges, data analysis and use restrictions, and this article obtains four countermeasures through discussion. The countermeasures are as follows, improving data quality, enhancing data privacy protection, connecting data silos and reducing data analysis and utilization limitations. In addition to offering solutions to some of the issues encountered in its implementation, the study presented in this article serves as a reference for the use of big data technologies in the financial sector.

Paper Citation

in Harvard Style

Tang Y. (2024). Analysis of Problems and Countermeasures in the Application of Big Data Technology in Finance. In Proceedings of the 1st International Conference on E-commerce and Artificial Intelligence - Volume 1: ECAI; ISBN 978-989-758-726-9, SciTePress, pages 412-416. DOI: 10.5220/0013264400004568

in Bibtex Style

@conference{ecai24,
author={Yukun Tang},
title={Analysis of Problems and Countermeasures in the Application of Big Data Technology in Finance},
booktitle={Proceedings of the 1st International Conference on E-commerce and Artificial Intelligence - Volume 1: ECAI},
year={2024},
pages={412-416},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0013264400004568},
isbn={978-989-758-726-9},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 1st International Conference on E-commerce and Artificial Intelligence - Volume 1: ECAI
TI - Analysis of Problems and Countermeasures in the Application of Big Data Technology in Finance
SN - 978-989-758-726-9
AU - Tang Y.
PY - 2024
SP - 412
EP - 416
DO - 10.5220/0013264400004568
PB - SciTePress