Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Big Data: Challenges and Opportunities

Big Data: Challenges and Opportunities

Alsakkaf, Nasr
Mohsen, Shaima

Paperback

Technology & Engineering

ISBN10: 3659942464
ISBN13: 9783659942464
Publisher: LAP Lambert Academic Publishing
Published: Feb 27 2025
Pages: 144
Weight: 0.44
Height: 0.34 Width: 6.00 Depth: 9.00
Language: English
The advancement in communications and information technology has significantly impacted the development and use of technology across economic, social, and financial sectors. Big Data, a term that emerged in the early 2000s, represents a critical asset for knowledge-based societies, marking a key stage in the evolution of information systems that contribute to sustainable development. Central banks utilize Big Data for oversight and regulation, particularly in developed economies (Doerr et al., 2021).Data processing is vital for central bank operations, driving daily functions such as money settlement and treasury fund management. While adopting Big Data presents challenges, it also offers opportunities for banks to analyze large datasets, identify risks, and take preventive measures.

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