Big data and predictive analytics capabilities : a review of literature on its impact on firm’s financial performance

In the era of the fourth industrial revolution, big data and predictive analytics (BDPA) capabilities considered as one of the significant resources that enable a firm to gain competitiveness. Nowadays, the advancement of technology information increases the difficulty of the firm to manage vast amo...

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Main Authors:	Lee, Khai Loon, Lim, Cean Peing
Format:	Conference or Workshop Item
Language:	English
Published:	KnE Social Sciences 2019
Subjects:	HD Industries. Land use. Labor QA76 Computer software TK Electrical engineering. Electronics Nuclear engineering
Online Access:	http://umpir.ump.edu.my/id/eprint/25966/ http://umpir.ump.edu.my/id/eprint/25966/ http://umpir.ump.edu.my/id/eprint/25966/1/Big%20data%20and%20predictive%20analytics%20capabilities%20-%20a%20review.pdf

id	ump-25966
recordtype	eprints
spelling	ump-259662019-11-22T03:45:37Z http://umpir.ump.edu.my/id/eprint/25966/ Big data and predictive analytics capabilities : a review of literature on its impact on firm’s financial performance Lee, Khai Loon Lim, Cean Peing HD Industries. Land use. Labor QA76 Computer software TK Electrical engineering. Electronics Nuclear engineering In the era of the fourth industrial revolution, big data and predictive analytics (BDPA) capabilities considered as one of the significant resources that enable a firm to gain competitiveness. Nowadays, the advancement of technology information increases the difficulty of the firm to manage vast amounts of structured and unstructured data. The excessive growth between data captured and the firm’s capabilities to manage, process, analyze, and transfer the big data to actionable knowledge and value still challenges many firms in the competitive market. Besides, the lack of tangible resources, technical skills, management skills, organizational learning, and data-driven culture are some of the challenges for firms to apply analytics approach to support the data processing process. These situations led to poor decision making by the firm and result in high operation cost and lower profitability. However, the situation will be different if the firm able to manage BDPA capabilities in the right way. Based on the identified problems, this study aims to review the impact of BDPA capabilities on a firm’s financial performance. This study is expected to enhance the body of knowledge on BDPA capabilities and the firm’s financial performance. This study also provides information regarding the importance of BDPA capabilities on the firm’s financial performance to industrial practitioners. An empirical study on this subject matter is suggested for future researchers, especially in Malaysia manufacturing industry. KnE Social Sciences 2019-08-18 Conference or Workshop Item PeerReviewed pdf en cc_by_4 http://umpir.ump.edu.my/id/eprint/25966/1/Big%20data%20and%20predictive%20analytics%20capabilities%20-%20a%20review.pdf Lee, Khai Loon and Lim, Cean Peing (2019) Big data and predictive analytics capabilities : a review of literature on its impact on firm’s financial performance. In: KnE Social Sciences: FGIC 2nd Conference on Governance and Integrity 2019, 19-20 August 2019 , Yayasan Pahang, Kuantan, Pahang, Malaysia. pp. 1057-1073., 2019. ISSN 2518-668X https://doi.org/10.18502/kss.v3i22.5111
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Malaysia Pahang
building	UMP Institutional Repository
collection	Online Access
language	English
topic	HD Industries. Land use. Labor QA76 Computer software TK Electrical engineering. Electronics Nuclear engineering
spellingShingle	HD Industries. Land use. Labor QA76 Computer software TK Electrical engineering. Electronics Nuclear engineering Lee, Khai Loon Lim, Cean Peing Big data and predictive analytics capabilities : a review of literature on its impact on firm’s financial performance
description	In the era of the fourth industrial revolution, big data and predictive analytics (BDPA) capabilities considered as one of the significant resources that enable a firm to gain competitiveness. Nowadays, the advancement of technology information increases the difficulty of the firm to manage vast amounts of structured and unstructured data. The excessive growth between data captured and the firm’s capabilities to manage, process, analyze, and transfer the big data to actionable knowledge and value still challenges many firms in the competitive market. Besides, the lack of tangible resources, technical skills, management skills, organizational learning, and data-driven culture are some of the challenges for firms to apply analytics approach to support the data processing process. These situations led to poor decision making by the firm and result in high operation cost and lower profitability. However, the situation will be different if the firm able to manage BDPA capabilities in the right way. Based on the identified problems, this study aims to review the impact of BDPA capabilities on a firm’s financial performance. This study is expected to enhance the body of knowledge on BDPA capabilities and the firm’s financial performance. This study also provides information regarding the importance of BDPA capabilities on the firm’s financial performance to industrial practitioners. An empirical study on this subject matter is suggested for future researchers, especially in Malaysia manufacturing industry.
format	Conference or Workshop Item
author	Lee, Khai Loon Lim, Cean Peing
author_facet	Lee, Khai Loon Lim, Cean Peing
author_sort	Lee, Khai Loon
title	Big data and predictive analytics capabilities : a review of literature on its impact on firm’s financial performance
title_short	Big data and predictive analytics capabilities : a review of literature on its impact on firm’s financial performance
title_full	Big data and predictive analytics capabilities : a review of literature on its impact on firm’s financial performance
title_fullStr	Big data and predictive analytics capabilities : a review of literature on its impact on firm’s financial performance
title_full_unstemmed	Big data and predictive analytics capabilities : a review of literature on its impact on firm’s financial performance
title_sort	big data and predictive analytics capabilities : a review of literature on its impact on firm’s financial performance
publisher	KnE Social Sciences
publishDate	2019
url	http://umpir.ump.edu.my/id/eprint/25966/ http://umpir.ump.edu.my/id/eprint/25966/ http://umpir.ump.edu.my/id/eprint/25966/1/Big%20data%20and%20predictive%20analytics%20capabilities%20-%20a%20review.pdf
first_indexed	2023-09-18T22:40:09Z
last_indexed	2023-09-18T22:40:09Z
_version_	1777416860827910144

Big data and predictive analytics capabilities : a review of literature on its impact on firm’s financial performance

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