Application of Big Data technology in financial markets
https://doi.org/10.37493/2307-907X.2022.2.8
Abstract
The financial sector generates huge amounts of data every day. Thus, more attention should be paid to the transformation of the obtained data into practical knowledge. Big data technologies have made a kind of revolution in the business world. The terminology of big data, as well as sources and their characteristics are studied. The advantages of Big data for business management and decision-making planning are evaluated. The paper examines the areas of application of technology in the stock market, banking, credit risk management, and describes some real forms of application and processing of data obtained by Big Data technology.
About the Authors
Yu. A. Konopleva
NCFU
Russian Federation
Russian Federation
Yulia Konopleva, Candidate of Economic Sciences, Associate Professor
Stavropol
O. N. Pakova
NCFU
Russian Federation
Russian Federation
Olga Pakova, Candidate of Economic Sciences, Associate Professor
Stavropol
Yu. R. Deitch
NCFU
Russian Federation
Russian Federation
Yury Deitch, student of the Federal State Educational Institution of Higher Professional Education
Stavropol
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Review
For citations:
Konopleva Yu.A., Pakova O.N., Deitch Yu.R. Application of Big Data technology in financial markets. Newsletter of North-Caucasus Federal University. 2022;(2):58-65. (In Russ.) https://doi.org/10.37493/2307-907X.2022.2.8
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