Optimizing Big Data Implementation to Create Business Value and Architecture Proposed in the Banking Industry: A Systematic Review

Idha Kristiana, Meyliana Meyliana, Achmad Nizar Hidayanto, Harjanto Prabowo

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

The exponential growth of data is compelling organizations to employ data in decision-making. As one of the businesses with an ecosystem that contributes to data growth, banks have challenges in generating insight. A high level of data security is frequently linked to a high level of data access difficulties. This poses a challenge to the implementation of data-driven business, where taking control of our data is one of the best ways to ensure that we not only own data but also have the ability to process and use data to extract business value. Through literature review, a number of challenges to optimizing the implementation of big data analytics in the banking industry were discovered. Data governance refers to the methods and procedures that assist banks in managing and securing data. A big data architecture is presented to address the highlighted issues, particularly with a multi-tiered approach to big data structures. With the adoption of this architecture, it will be simpler to generate business-value-generating insights for the banking industry using big data with accessibility and protection of data.

Original languageEnglish
Title of host publicationICCoSITE 2023 - International Conference on Computer Science, Information Technology and Engineering
Subtitle of host publicationDigital Transformation Strategy in Facing the VUCA and TUNA Era
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages667-672
Number of pages6
ISBN (Electronic)9798350320954
DOIs
Publication statusPublished - 2023
Event2023 International Conference on Computer Science, Information Technology and Engineering, ICCoSITE 2023 - Jakarta, Indonesia
Duration: 16 Feb 2023 → …

Publication series

NameICCoSITE 2023 - International Conference on Computer Science, Information Technology and Engineering: Digital Transformation Strategy in Facing the VUCA and TUNA Era

Conference

Conference2023 International Conference on Computer Science, Information Technology and Engineering, ICCoSITE 2023
Country/TerritoryIndonesia
CityJakarta
Period16/02/23 → …

Keywords

  • bank
  • big data
  • big data architecture
  • business value
  • data governance
  • data-driven

Fingerprint

Dive into the research topics of 'Optimizing Big Data Implementation to Create Business Value and Architecture Proposed in the Banking Industry: A Systematic Review'. Together they form a unique fingerprint.

Cite this