Business & Management Studies

Big data in finance: A systematic literature review

Big data in finance: A systematic literature review

The study suggests that fields like cryptocurrency, green finance, sustainability, and financial accessibility are the future of big data in finance.

Author

Swati Sharma, Assistant Professor, Jindal Global Business School, O.P. Jindal Global University, Sonipat, Haryana, India.

Summary

Big data is not a new term in finance; hence many research studies have explored different dimensions of big data in finance. In view of plethora of such studies, no single study sum-up the entire “Big Data in finance” universe. Therefore, the present study is an attempt to bring the gist of all those studies to understand the microstructure of big data in finance.

The study does a systematic review of existing literature on the topic. Year-wise, Author-wise, Citation-wise, Affiliation-wise, Keywords-wise and Source-wise listing of literature are the parameter to conduct present study. Bibliometric method on Scopus database is employed. This study provides insights on trends and future scope of big data in finance.

As a result, sub-sets of big data in fiancé are identified namely artificial intelligence, credit-rating, financial reporting financial crisis, stock trading, assets-pricing, portfolio optimization, banking & insurance and auditing. All these sub-set are insighted with influence of big data. The study also suggests that field like cryptocurrency, green finance, sustainability, financial accessibility is the future of big data in finance.

Published in: AIP Conference Proceedings, 5th International Conference on ICT Integration in Technical Education, ETLTC 2023 in collaboration with the 2nd International Conference on Entertainment Technology and Management, ICETM 2023Aizuwakamatsu24 January 2023through 27 January 2023Code 194923

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