Opportunities and Challenges Facing Financial Accounting in the Era of Big Data

Hongcheng Shan

doi:10.54097/prknhx68

Authors

Hongcheng Shan

DOI:

https://doi.org/10.54097/prknhx68

Keywords:

Big Data Era, Financial Accounting, Innovation Strategies

Abstract

With the rapid development of computer information technology, the era of informatization has gradually arrived. In people’s daily work and life, technologies such as cloud computing, databases, and artificial intelligence play a crucial role and exert significant influence. Among these technologies, the importance of big data technology stands out, and various industries, including the financial industry, have begun to apply this technology, bringing new opportunities and challenges to the field of financial accounting. The rapid development of big data technology provides financial accounting with more data resources and analysis tools, enabling more accurate and efficient financial management and decision support. However, big data technology also presents severe challenges, such as data security and talent cultivation. Rational application of big data technology, and deeply exploring the value behind data, can provide enterprises with scientific and reasonable financial advice and strategic planning.

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